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Bank's Board of Directors Appoints Three New AHAC Members
The newest members of the Bank's Affordable Housing Advisory Council (AHAC) are Jasmine Borrego of TELACU, Joel Jacinto of Search to Involve Pilipino Americans (SIPA), and Dean Matsubayashi of Little Tokyo Service Center Community Development Corporation (LTSC).
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Affordable Housing Program Workshops Start in February
Register now for an upcoming AHP Application Workshop to find out what’s new for 2010 Round A and learn the essentials of preparing a successful application. Attend a workshop in Arizona, California, Nevada, or online.
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WISH and IDEA Webinar on February 10: Register Today!
If you weren't able to attend one of our recent workshops, join us for a webinar on February 10 to find out how to submit a successful application for 2010 WISH and IDEA funds. The webinar is free, but you must register in advance to participate.
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2010 WISH and IDEA Programs: Application Window Now Open
Applications for the Bank’s Workforce Initiative Subsidy for Homeownership (WISH) and Individual Development and Empowerment Account (IDEA) matching grant homeownership programs will be accepted from January 19 to February 19, 2010. Bank members may apply for a funds reservation of up to $1 million per program.
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Bank's Standby Letters of Credit Support a Wide Variety of Tax-Exempt Bond Projects
The Bank announced that it has issued, on behalf of member financial institutions, 13 Standby Letters of Credit (LOCs), totaling $167 million, to support non-housing related tax-exempt bond issuances for public-purpose and industrial development projects.
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Bank Announces $35.3 Million in 2009 AHP Round B
The Bank has awarded $35.3 million in Affordable Housing Program (AHP) grants in 2009 Round B. The funds will support 49 projects and generate 3,458 units of affordable housing in Arizona, California, Colorado, Idaho, Oklahoma, and Texas.
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Third Quarter Financial Results Now Available
On November 12, 2009, the Bank filed its third quarter 2009 financial report on Form 10-Q with the SEC. The Bank announced operating results (PDF) for the third quarter of 2009 on October 29, 2009. These results are further discussed in a Q&A.
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Combined Bank and FHA Programs Expand Homeownership Opportunities for Lower-Income Families
The Bank's WISH and IDEA matching grant first-time homebuyer programs can be used in conjunction with the FHA Streamlined 203(k) rehabilitation program to purchase and rehabilitate affordable homes.
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Bank Awards Over $1 Million in AHEAD Grants
The 2009 AHEAD grants will fund a wide array of innovative initiatives that foster strong communities and stimulate economic development in communities served by our members.
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Regulatory Actions Relating to FHLBanks
Members and other interested parties may wish to comment on recent regulatory actions.
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