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SAN FRANCISCO, April 25, 2024 — The Federal Home Loan Bank of San Francisco (Bank) today announced its unaudited first quarter 2024 operating results. Net income for the first quarter of 2024 was $124 million, a decrease of $71 million compared with net income of $195 million for the first quarter of 2023. Net income for the first quarter of 2023 included $43 million of net income resulting from higher ...

MESQUITE, Nev., April 24, 2024 — U.S. Rep. Horsford (NV-04) and the Federal Home Loan Bank of San Francisco (FHLBank San Francisco) proudly celebrated the grand opening of the Hafen Village Apartments in northeast Nevada. Advancing initiatives that uplift marginalized communities throughout Nevada is central to Congressman Horsford’s work, a commitment he reinforces in his role as chair of the Congressional Black Caucus. The new housing development, located at 850 ...

SAN FRANCISCO, April 16, 2024 – The Federal Home Loan Bank of San Francisco (FHLBank San Francisco) today announced a $13 million commitment to its 2024 WISH matching grant program to provide funding for downpayment assistance to lower-income families and individuals. The WISH Program is designed to help eligible lower-income families and individuals throughout Arizona, California, and Nevada achieve the dream of homeownership. As part of this year’s initiative, FHLBank ...

SAN FRANCISCO, March 28, 2024 – It’s a virtuous cycle: communities that are economically vibrant create good jobs that support homeownership, and homeownership builds generational wealth that supports entrepreneurship and business investment. In traditionally underserved and disadvantaged communities, though, the opposite can be true, leading to financial stagnation and a lack of opportunity for individuals and businesses. Many community-focused financial institutions are working to counteract this negative cycle by investing ...

LOS ANGELES, February 22, 2023 — In a significant effort to address the pressing issue of housing affordability in Los Angeles, Congressman Jimmy Gomez (CA-34) joined with the Federal Home Loan Bank of San Francisco (FHLBank San Francisco) for a roundtable discussion today in Los Angeles. The roundtable – which brought together leaders in affordable housing, community organizations, financial institutions, and others across the state – is an important step ...

SAN FRANCISCO, February 21, 2024 — The Federal Home Loan Bank of San Francisco (Bank) today announced its unaudited annual and fourth quarter 2023 operating results. Net income for 2023 was $539 million, an increase of $216 million compared with net income of $323 million for 2022. Net income for the fourth quarter of 2023 was $120 million, an increase of $3 million compared with net income of $117 million ...

SAN FRANCISCO, February 20, 2024 – The Federal Home Loan Bank of San Francisco commends Congressman Steven Horsford's (NV-04) unwavering commitment to closing the racial wealth gap and promoting homeownership opportunities for all communities. Horsford, the Chair of the Congressional Black Caucus, spoke at the Bank’s Innovations in Mortgage Finance Symposium and celebrated the Bank’s announcement to accept VantageScore 4.0 for mortgage collateral originated by its lenders. “We appreciate Congressman ...

SAN FRANCISCO, February 14, 2024 – The Federal Home Loan Bank of San Francisco (FHLBank San Francisco) is pleased to announce the appointment of Maryann Beerling, Mee Heh Risdon and Andrea Whitsett to its Affordable Housing Advisory Council (Advisory Council). The three new appointments are the latest additions to the 15-member group. The Advisory Council provides FHLBank San Francisco with expert guidance on affordable housing and economic development issues. The ...

SAN FRANCISCO, February 12, 2024 — The Federal Home Loan Bank of San Francisco (FHLBank San Francisco) and VantageScore announced today that FHLBank San Francisco will now accept mortgage collateral originated by lenders using VantageScore 4.0 credit scores, which considers rental payments and other data points into its scoring algorithms that are not included in traditional scoring models, ushering in an innovative solution aimed at closing the racial homeownership gap ...

Ventura, Calif., January 30, 2024 – California Congressman Salud Carbajal (CA-24) and the Federal Home Loan Bank of San Francisco (FHLBank San Francisco) previewed Ventura Springs, a newly constructed, soon-to-be-open, affordable and supportive multifamily housing development for California veterans. This transformative $70.3 million project, co-developed by A Community of Friends and U.S. VETS, is dedicated to providing quality housing for formerly homeless veterans, as well as low-income veterans and their ...

The Bank is excited to announce applications are now being accepted for our 2024 Affordable Housing Program (AHP) General Fund and AHP Nevada Targeted Fund. The deadline to submit an application for this year's funding competitions is March 5, 2024. All applications must be submitted through the Bank's secure portal. The deadline to request a project application workspace on the secure portal is February 27, 2024. AHP Application Webinars We ...

SAN FRANCISCO, January 23, 2024 – The Federal Home Loan Bank of San Francisco (FHLBank San Francisco) today announced the launch of a new $1 million Tribal Nations Program that provides critically necessary infrastructure funding grants to increase the supply of affordable housing for Native American communities. “Native American communities are experiencing an acute housing crisis, much of which is because of a lack of dedicated resources and necessary infrastructure ...