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SAN FRANCISCO – Dec. 12, 2022 – While the entire country is experiencing a housing shortage, California continues to be at the center of the crisis. To address this, public officials, housing experts, and financial institutions gathered at the Federal Home Loan Bank of San Francisco’s Homeownership Solutions Summit in Sacramento. Stakeholders from across the housing industry and mortgage finance industry joined community and political leaders to share ideas, explore ...

SAN FRANCISCO, CA, Dec. 5, 2022 – FHLBank San Francisco announced today that its board is one of 20 boards that have been named as finalists for the 2022 NACD Diversity, Equity & Inclusion Awards. The awards recognize boards that have improved their governance and created long-term value for stakeholders by implementing forward-thinking diversity, equity, and inclusion (DE&I) practices. “It is a great honor for our majority-diverse board to be ...

The Bank offers valuable resources and tools to help our members and their community partners build and shape strong, vibrant, and resilient communities. We encourage you to learn more about the support we provide for affordable housing, first-time homebuyers, economic development initiatives, and targeted community lending in Arizona, California, Nevada, and other regions our members serve. Affordable Housing Program (AHP): AHP General Fund, Nevada Targeted Fund, First-Time Homebuyer Program Each ...

SAN FRANCISCO, Nov. 16, 2022 — The Federal Home Loan Bank of San Francisco today announced the results of its 2022 director elections. FHLBank San Francisco’s members elected Gary L. Trujillo to a nonmember independent director position. Mr. Trujillo is the founder and serves as president and CEO of Southwest Harvard Group, LLC, an investment firm and family office in Phoenix, Arizona. He is also executive chairman of the Standard ...

SAN FRANCISCO and WASHINGTON, Nov. 10, 2022 – The connection between student loan debt and access to homeownership for Black borrowers is complicated by credit history, debt-to-income ratios, and lack of intergenerational wealth. Still, a number of programs and initiatives targeted toward Black graduates and other underserved groups can partially compensate for historical discrimination these households have faced that limited opportunities to own homes and build wealth. A comprehensive new ...

SAN FRANCISCO, October 27, 2022 — The Federal Home Loan Bank of San Francisco (Bank) today announced its operating results for the third quarter of 2022. Net income for the third quarter of 2022 was $80 million, an increase of $9 million compared with net income of $71 million for the third quarter of 2021. The $9 million increase in net income relative to the prior-year period was primarily attributable ...

SAN FRANCISCO, Oct. 27, 2022 — Federal Home Loan Bank of San Francisco’s (FHLBank San Francisco) Senior Vice President and Chief Information Security Officer (CISO) Kwame Fields Sr., has been named among the Top CISOs by Cyber Defense Magazine. The award celebrates the most innovative CISOs who exceed in communicating with their boards and senior-level executives, detecting and stopping breaches and data loss, complying with regulations, and building powerful risk ...

The following Affordable Housing Program Implementation Plan (IP) changes will go into effect on January 1, 2023. WISH Homeownership Set-Aside Program The Bank will adjust the maximum subsidy limit upward on an annual basis in accordance with the Federal Housing Finance Agency’s Housing Price Index and set the maximum subsidy limit prior to each annual reservation. (Section IV. B. 2. d.) Additionally, references to the now obsolete IDEA Homeownership program ...

SAN FRANCISCO/WASHINGTON, D.C., Oct. 17, 2022 – More Black renters could become homeowners if the housing finance industry more fully embraces the use of rental history and other alternative data in underwriting mortgages. The technologies and developments required to make this a reality, however, are just beginning to emerge. Transparent, large-scale pilots are needed to ensure that the data is used appropriately and efficiently, and many housing finance actors will ...

SAN FRANCISCO, Oct. 12, 2022 – The Federal Home Loan Bank of San Francisco announced that, in partnership with participating member financial institutions, more than $2.2 million has been donated to HUD-approved housing counseling agencies through the Bank’s Empowering Black Homeownership matching grant program. This funding has been distributed to 22 HUD-approved housing counseling agencies so that they can better serve homebuyers and homeowners in communities of color. “The Empowering ...

SAN FRANCISCO, Sept. 27, 2022 – The Federal Home Loan Bank of San Francisco (FHLBank San Francisco) has awarded $1.5 million in AHEAD economic development grants to help 55 local organizations boost economic opportunity in underserved communities in Arizona, California, and Nevada. The grants, delivered through FHLBank San Francisco member financial institutions, are aimed at advancing innovative economic and community development initiatives that bring greater opportunity to underserved populations. “Today’s ...

SAN FRANCISCO, August 3, 2022 – The board of directors of the Federal Home Loan Bank of San Francisco has selected Ana E. Fonseca to fill a California member director vacancy on the board beginning July 28, 2022. Ms. Fonseca is president and chief executive officer of Logix Federal Credit Union, Valencia, California. The term of this seat ends December 31, 2023. Ms. Fonseca replaces Shruti Miyashiro, who resigned from ...

SAN FRANCISCO, July 28, 2022 — The Federal Home Loan Bank of San Francisco (Bank) today announced its operating results for the second quarter of 2022. Net income for the second quarter of 2022 was $48 million, a decline of $7 million compared with net income of $55 million for the second quarter of 2021. The $7 million decrease in net income relative to the prior-year period was primarily attributable ...

SAN FRANCISCO, July 26, 2022 – The Federal Home Loan Bank of San Francisco today announced $31.9 million in Affordable Housing Program (AHP) grants for 39 projects that will help preserve and facilitate the development of 2,712 affordable housing units for lower-income families and individuals throughout the Bank’s three-state district of Arizona, California, and Nevada. “The lack of affordable housing has been a growing concern in our region and recent ...

SAN FRANCISCO, July 18, 2022 — Federal Home Loan Bank of San Francisco (FHLBank San Francisco) president and CEO Teresa Bryce Bazemore has been named one of Savoy magazine’s 2022 Most Influential Black Executives in Corporate America. The annual listing showcases African American executives, influencers and achievers who demonstrate an exemplary record of accomplishments and influence while working to better their community and inspire others. The honorees will be recognized ...

SAN FRANCISCO, June 28, 2022 – The Federal Home Loan Bank of San Francisco (FHLBank San Francisco) is collaborating with eCornell, Cornell University’s external education unit, in a concerted effort to advance the Bank’s commitment to diversity and inclusion. Through eCornell’s expert-led Diversity and Inclusion Certificate program, the Bank’s executive leadership team is expanding their knowledge, skills, and professional toolbox, broadening their awareness and setting the stage for greater workplace ...

FHLBank San Francisco President and CEO Teresa Bryce Bazemore joined U.S. Secretary of Housing and Urban Development Marcia Fudge and representatives from Mayors and CEOs for U.S. Housing Investment at a recent roundtable discussion focusing on the affordable housing crisis. Held Sunday, June 4, in Reno to coincide with the 90th Annual Meeting of the U.S. Conference of Mayors, the independent event drew public and private sector leaders into an ...

SAN FRANCISCO, June 7, 2022 – FHLBank San Francisco is making $11.1 million available to fund its WISH homeownership matching grant program. In 2022, 43 FHLBank San Francisco member financial institutions headquartered in Arizona, California, and Nevada, are participating to assist eligible low- to moderate-income first-time homebuyers who can receive up to $22,000 in downpayment assistance. To expand access to quality affordable and sustainable housing, WISH offers downpayment and closing ...

SAN FRANCISCO, April 28, 2022 — Federal Home Loan Bank of San Francisco (FHLBank San Francisco) congratulates director Scott Syphax on being named to the 2022 NACD Directorship 100™ list, an annual recognition of influential peer-nominated directors and governance professionals by the National Association of Corporate Directors. Syphax joined the Board of Directors of FHLBank San Francisco in 2002 and was vice chair of the board from 2010 to 2012 ...

SAN FRANCISCO, April 28, 2022 — The Federal Home Loan Bank of San Francisco (Bank) today announced its operating results for the first quarter of 2022. Net income for the first quarter of 2022 was $78 million, a decline of $16 million compared with net income of $94 million for the first quarter of 2021. The $16 million decrease in net income relative to the prior-year period was primarily attributable ...

This April is National Fair Housing Month and marks 54 years since the passage of the Fair Housing Act, which banned racial discrimination in home sales and lending. With the entire month devoted to fair housing, there is no time like the present to consider the progress made and, perhaps more importantly, the work that remains. The homeownership gap between Black and white families has persisted and even increased in ...

LOS ANGELES, April 14, 2022 – Federal Home Loan Bank of San Francisco President and CEO Teresa Bryce Bazemore wants Congress and regulators to allow Federal Home Loan Banks (FHLBanks) to help communities maximize spending from the $1.2 trillion Infrastructure Investment and Jobs Act. Appearing with Rep. Maxine Waters (D-CA), Bazemore made her comments at the 20th Annual Mayoral Housing, Transportation & Jobs Summit. At the event on Wednesday, Bazemore ...

FHLBank San Francisco is now accepting applications for our 2022 AHEAD Program grants. The deadline for members to submit applications is June 2, 2022. Applications are available now and must be submitted through the Bank’s secure portal. The deadline to request a project application workspace on the secure portal is May 27, 2022. AHEAD Program Webinars: Register Today We invite you to join us for an informational webinar to learn ...

SAN FRANCISCO / LAS VEGAS, March 8, 2022 — The Federal Home Loan Bank of San Francisco (FHLBank San Francisco) has awarded a $500,000 grant to Nevada Housing Coalition. The funds will be used to build up development resources in the state, grow its affordable housing ecosystem, and better position Nevada to secure and deploy affordable housing dollars from a variety of existing and new sources. The grant will support ...

SAN FRANCISCO – March 1, 2022 – The Federal Home Loan Bank of San Francisco (FHLBank San Francisco) is making $1 million available to help expand the capacity of HUD-approved housing counseling agencies to serve more aspiring and at-risk homeowners in communities of color. The Empowering Black Homeownership grant program is a key component of FHLBank San Francisco’s commitment to advancing racial equity in homeownership and narrowing the Black homeownership ...

SAN FRANCISCO, February 16, 2022 — The Federal Home Loan Bank of San Francisco (Bank) today announced its 2021 operating results. Net income for 2021 was $287 million, compared with net income of $335 million for 2020. Net income for the fourth quarter of 2021 was $67 million, compared with net income of $94 million for the fourth quarter of 2020. Net income of $287 million in 2021 declined $48 ...

We are excited to announce that we are now accepting applications for the Federal Home Loan Bank of San Francisco's 2022 Affordable Housing Program (AHP) General Fund. The deadline to submit an application for funding in the 2022 AHP funding competition is March 10, 2022. Apply to participate in the 2022 AHP General Fund competition. Our Affordable Housing Program is central to the Bank’s mission of expanding access to housing ...

SAN FRANCISCO – January 25, 2022 – The Federal Home Loan Bank of San Francisco is pleased to announce the appointment of Nikki Beasley and Erin Rank to its Affordable Housing Advisory Council (Advisory Council) and the reappointment of five current members to new three-year terms. The Advisory Council provides the Bank with expert guidance on affordable housing and economic development issues and advice on FHLBank San Francisco’s community grant ...

The Bank offers valuable resources and tools to help our members and their community partners build and shape strong, vibrant, and resilient communities. We encourage you to learn more about the support we provide for affordable housing, first-time homebuyers, economic development initiatives, and targeted community lending in Arizona, California, Nevada, and other regions our members serve. Affordable Housing Program (AHP): AHP General Fund and First Time Homebuyer Program Each year ...

We are excited to announce that we are now accepting applications for the Federal Home Loan Bank of San Francisco's 2022 WISH first-time homebuyer downpayment assistance program. The deadline for members to submit an application to participate in this year’s WISH program is Wednesday, February 16, 2022. Apply to participate in the 2022 WISH homeownership program. Our WISH matching grant program is designed to offer the Bank's member financial institutions ...

SAN FRANCISCO – January 5, 2022 – The Board of Directors of the Federal Home Loan Bank of San Francisco (FHLBank San Francisco) has elected California member director Simone Lagomarsino as Chair and independent director F. Daniel Siciliano as Vice Chair. Simone Lagomarsino has been president and chief executive officer of Luther Burbank Savings, Santa Rosa, California, since January 2019. She has been a member director since January 1, 2013 ...