FHLBank San Francisco Awards $65.9 Million for 70 Affordable Housing Developments in Seven States
In the
"Everyone deserves a place to call home," said
The 2018 AHP grants were awarded through 29
Since 1990, the
For example, a
Congressman
A recent study by Smart Cities Prevail, "Beyond Housing: Economic Impact of the
"The AHP program forges public-private partnerships that are helping communities provide families and individuals with safe places to live," said Seibly. "As the cost of housing continues to increase, affordable housing becomes more and more difficult to obtain for working families. AHP grants help bridge the gaps in the financing of affordable housing. We will continue to play that role."
The communities that will benefit from the AHP grants awarded through our members in the 2018 funding competition are:
More details about the 2018 AHP grant winners are available on fhlbsf.com.
Affordable Housing Program
The Bank sets aside 10% of its earnings each year to fund the AHP, with a portion of that funding allocated to two first-time homebuyer downpayment assistance programs. Since 1990, the Bank has awarded almost
The
Contacts:
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