Community Investment Notice

May 17, 2011
Notice No. 0014
 
Revised AHP Sample Retention Documents and Direct Subsidy Agreements
 
Dear Community Investment Partner:
 
The Bank is pleased to inform you that our sample Affordable Housing Program (AHP) retention documents (Promissory Note and Rider to Deed of Trust) and corresponding Direct Subsidy Agreements for both the competitive and set-aside programs have been revised. The revisions include incorporating requirements for FHA-insured mortgages used in connection with the AHP subsidy.
 
The new sample retention documents and revised AHP Direct Subsidy Agreements are now available on our website at fhlbsf.com and can be downloaded at the links listed below.
 
Competitive Program
Sample retention documents (owner-occupied and rental projects):
AHP Procedures: Compliance Monitoring 
 
Direct Subsidy Agreements:
AHP Direct Subsidy Agreement – Rental Project
AHP Direct Subsidy Agreement – Owner-occupied Project


Set-Aside Programs
Sample retention documents:
WISH Program
IDEA Program 
 
Direct Subsidy Agreement:
AHP Direct Subsidy Agreement – Homeownership Set-Aside Program 


Please email the Community Investment Department or call (415) 616-2542 if you have any questions.

Sincerely,
 
 
Marietta Núñez
Vice President, Community Lending
Community Investment Department


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