 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
 |
|
 |
|
|
|
|
|
|
Special Attention Bulletin
February 20, 2008
Bulletin No. 1276
2008 Round A Affordable Housing Program
To Members and Interested Community Groups:
I am pleased to announce the start of our 2008 Affordable Housing Program Round A competition. The Affordable Housing Program (AHP) promotes your involvement in the creation of affordable housing in your community.
The Round A application deadline is Tuesday, April 1, 2008. Please review the application materials and related information on the Bank’s website at fhlbsf.com, noting in particular the documents that outline participants’ ongoing responsibilities under the AHP. The Bank actively monitors projects through the funding, project completion, and long-term occupancy phases.
Only Bank members may submit applications on behalf of community organizations and developers.
Funded with 10% of the Bank’s annual net income, the AHP is a proven, flexible funding source for homeownership and rental housing for very low- to moderate-income families and individuals. Since the program’s inception in 1990, the Bank has awarded $460 million in AHP funds to create over 80,000 affordable housing units in Arizona, California, Nevada, and other localities served by our members. Interested community developers and partners are encouraged to contact Bank members early in their planning process. Our Community Investment staff is available to help identify local community lenders.
You can find descriptions of the recipients of our 2007 AHP Round B awards at fhlbsf.com/ci/grant/ahp/pdf/ahp_07_roundb.pdf.
I encourage you to participate in 2008 AHP Round A. Your involvement will help increase the supply of affordable housing throughout the 11th District. For more information, please contact the Community Investment Department at (415) 616-2542.
Sincerely,
Dean Schultz
President and Chief Executive Officer
|
|
|
|
|
|
Special Attention Bulletin
February 20, 2008
Bulletin No. 1276
2008 Round A Affordable Housing Program
To Members and Interested Community Groups:
I am pleased to announce the start of our 2008 Affordable Housing Program Round A competition. The Affordable Housing Program (AHP) promotes your involvement in the creation of affordable housing in your community.
The Round A application deadline is Tuesday, April 1, 2008. Please review the application materials and related information on the Bank’s website at fhlbsf.com, noting in particular the documents that outline participants’ ongoing responsibilities under the AHP. The Bank actively monitors projects through the funding, project completion, and long-term occupancy phases.
Only Bank members may submit applications on behalf of community organizations and developers.
Funded with 10% of the Bank’s annual net income, the AHP is a proven, flexible funding source for homeownership and rental housing for very low- to moderate-income families and individuals. Since the program’s inception in 1990, the Bank has awarded $460 million in AHP funds to create over 80,000 affordable housing units in Arizona, California, Nevada, and other localities served by our members. Interested community developers and partners are encouraged to contact Bank members early in their planning process. Our Community Investment staff is available to help identify local community lenders.
You can find descriptions of the recipients of our 2007 AHP Round B awards at fhlbsf.com/ci/grant/ahp/pdf/ahp_07_roundb.pdf.
I encourage you to participate in 2008 AHP Round A. Your involvement will help increase the supply of affordable housing throughout the 11th District. For more information, please contact the Community Investment Department at (415) 616-2542.
Sincerely,
Dean Schultz
President and Chief Executive Officer
© 2000-2008 Federal Home Loan Bank of San Francisco
