Special Attention Bulletin
August 25, 2009
Bulletin No. 1333
Revised Affordable Housing Program Implementation Plan
To All Members and Project Sponsors:
We have revised our Affordable Housing Program (AHP) Implementation Plan. The following changes are effective immediately:
Scoring Guidelines (Attachment B, Page 23-34)
- Promotion of Empowerment: Decreases the points available under the Promotion of Empowerment scoring criterion, from 15 to 10. Rather than supplying answers to a list of questions, applicants may commit to provide two out of eight empowerment features. Each feature will be worth 5 points, with no partial credit possible.
- Project Readiness: Increases the points available under the Project Readiness scoring criterion, from 7 to 10; adjusts the allocation of points; and gives credit to projects without building permits if they can provide permit ready letters.
- Community Stability: Increases the points available under the Community Stability scoring criterion, from 13 to 15, by adding a question for projects featuring foreclosure recovery strategies.
The revised plan is posted on the Bank’s website at
fhlbsf.com. If you have any questions about the AHP or the revised
plan, please call the Community Investment Department at (415) 616-2542.
Sincerely,
James E. Yacenda
Vice President and Community Investment Officer
© 2000-2012 Federal Home Loan Bank of San Francisco
