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Individual Development and Empowerment Account (IDEA) Program

Through participating Bank members, lower-income households saving to buy their first home by participating in an IDA, FSS, or lease-to-own program can receive a 4-to-1 matching grant of up to $22,000. IDEA grants can be applied to downpayment and closing costs. Learn more. 

On April 1, 2019 the Bank announced that approximately $400,000 in IDEA funds were allocated to six members to assist eligible first-time homebuyers.

2019 IDEA Program Results - Participating Financial Institutions
IDEA Program Awards History

Homebuyer eligibility requirements and other program details are available in the program profile. IDEA grants may be used in conjunction with a variety of local, state, and federal homeownership programs.

The application period for the 2019 IDEA Program is now closed. Only Bank members may submit applications for IDEA Program funds. Individuals looking for homeownership assistance programs should visit the Resources for First-Time Homebuyers section of our website.

IDEA Program Subsidy Disbursement Requirements for Member Banks and Sponsors

  1. Homebuyer has participated in an Individual Development Account (IDA) program, successfully completed a Family Self-Sufficiency program leading to homeownership through a local housing authority, or participated in a lease-to-own program administered by a government entity or nonprofit organization.
  2. Homebuyer has saved towards the purchase of a home for either a minimum of 10 months with an IDA or FSS program, or 3 years with a lease-to-own program.
  3. Member determines household's income eligibility and accepts homebuyer into the IDEA Program. Member completes and signs the IDEA Program Enrollment Form.
  4. Homebuyers are qualified according to their place of residence at time of enrollment. First visit FFIEC to determine the Metropolitan Statistical Area (MSA) for the homebuyer. Then visit HUD to determine the Area Median Income (AMI) limits for the particular year and MSA.
  5. Member must use the AHP Household Income Qualification Workbook to calculate total annual income for each household. The Bank requires that each AHP-assisted unit be income-qualified according to AHP Income Qualification Guidelines and that proper third party income documentation be provided according to the Acceptable Forms of Verification for Household Income Qualification.
  6. Member funds the IDEA grant to homebuyer at closing. Once homebuyer closes, member submits documentation to get reimbursed by the Bank. Member submits households' disbursement documentation after each individual household closes.
  7. Members are required to submit their reimbursement request with supporting documentation within two months from the date the home purchase transaction closes. If there is any deficiency in the documentation, members have up to four months to cure that deficiency. Use the IDEA Disbursement Checklist as a guide to submitting a complete disbursement request. A disbursement request submitted by the member for each household that has received an IDEA grant should include the following:

  8. Member submits disbursement request, with complete information and documentation, via a secure portal hosted by Blackberry Workspace.

Upon receipt of disbursement request from member and satisfactory review of all required documents, FHLBSF will usually reimburse within 15 business days.

IDEA Disbursement Webinar - watch a video recording of our most recent webinar to learn how to submit a complete disbursement package.

The member must notify the Bank at idea@fhlbsf.com if during the IDEA retention period (5 years from home purchase closing) there is a sale, transfer, assignment of title or deed, refinancing, foreclosure, or deed-in-lieu of foreclosure of an IDEA-assisted unit by submitting a completed Owner-Occupied Unit - Notice & Repayment Workbook.

Repayment of IDEA subsidy may be required if either of the following occur during the retention period:

  • Sale, transfer, or assignment of an IDEA-assisted unit to a non low- or moderate-income household (household income above 80% of area median income), or
  • Refinance of an IDEA-assisted unit where the unit does not remain subject to a retention agreement (e.g. IDEA promissory note and rider to deed of trust)
To calculate and remit any required subsidy repayment, follow the instructions in the Owner-Occupied Unit - Notice & Repayment Workbook.

Repayment is not required for the following:
  • Sale, transfer, or assignment of an IDEA-assisted unit to a low- or moderate-income household (household income equal to or less than 80% of area median income)
  • Refinancing where an IDEA-assisted unit remains subject to a retention agreement
  • Foreclosure of an IDEA-assisted unit or deed-in-lieu of foreclosure
  • Assignment of a Federal Housing Administration first mortgage on an IDEA-assisted unit to HUD
  • Death of the IDEA-assisted homeowner
  • The pro-rata subsidy calculation in the Owner-Occupied Unit - Notice & Repayment Workbook is $2,500 or less

The AHP Implementation Plan sets forth certain policies, procedures, standards, and requirements applicable to the Bank’s AHP, as required by the AHP Regulations (Title 12, Part 1291 of the Code of Federal Regulations). While the Implementation Plan includes other pertinent information pertaining to the Bank’s AHP, the plan is not intended to be a comprehensive statement of all of the Bank’s applicable policies and procedures.

Policy Updates 

April 1, 2019
Affordable Housing Program Implementation Plan Revisions - Early Adoption of Certain Provisions of Amended Regulation

January 10, 2019
2019 WISH and IDEA Homeownership Programs

December 14, 2018
Affordable Housing Program (AHP) Implementation Plan Revisions

November 20, 2018
FHFA Issues Final Rule Amending Affordable Housing Program Regulation

June 7, 2018
Comment Period for Proposed Rule Amending the AHP Regulation Ends June 12; FHLBanks Submit Joint Comment Letter

May 3, 2018
FHFA Extends Comment Period for Proposed Rule Amending the AHP Regulation and Corrects a Calculation Error

April 26, 2018
Affordable Housing Program (AHP) Subsidy Repayments: Calculating a Homeowner's Net Gain on Sale or Refinance

March 15, 2018
AHP Action Alert: Comment on Proposed Amendments to the AHP Regulation

January 11, 2018
2018 WISH and IDEA Homeownership Programs

January 10, 2017
2017 WISH and IDEA Homeownership Programs

January 12, 2016
2016 WISH and IDEA Homeownership Programs

January 13, 2015
2015 WISH and IDEA Homeownership Programs

January 13, 2014
2014 WISH and IDEA Homeownership Programs

December 16, 2013
Affordable Housing Program (AHP) Implementation Plan Revisions and Other Changes

November 1, 2013
Revised AHP Household Income Qualification Workbook

January 9, 2013
WISH and IDEA Homeownership Programs

December 21, 2012
Revised AHP Implementation Plan 

August 15, 2012
Revised AHP Implementation Plan

January 31, 2012
Revised AHP Implementation Plan 

January 10, 2012
2012 WISH and IDEA Homeownership Programs

December 21, 2011
Revised AHP Plan 

October 3, 2011
Revised Affordable Housing Program Implementation Plan: Change Related to Resubmitted Projects

August 8, 2011
Revised Affordable Housing Program Implementation Plan 

May 17, 2011
Revised AHP Sample Retention Documents and Direct Subsidy Agreements

April 5, 2011
Revised Affordable Housing Program Implementation Plan: Change Affecting the Competitive Program 

January 6, 2011
2011 WISH and IDEA Homeownership Programs

January 4, 2011
AHP Retention Documents – Sample Documents Available Online 

December 22, 2010
Revised AHP Implementation Plan

November 9, 2010
WISH and IDEA Programs: New Disbursement Request Deadlines  

August 16, 2010
Revised Affordable Housing Program Implementation Plan

April 1, 2010
Revised Affordable Housing Program Implementation Plan 

February 11, 2010
Revised Affordable Housing Program Implementation Plan

February 5, 2010
New Affordable Housing Advisory Council Members Appointed

January 13, 2010
2010 WISH and IDEA Homeownership Programs

November 25, 2009
WISH and IDEA Programs Disbursement Policy: Consumer Debt Payoffs

October 28, 2009
The Bank's First-Time Homebuyer Grants and FHA Streamlined 203(k) Rehab Program 

October 8, 2009
Revised Affordable Housing Program Implementation Plan

August 25, 2009
Revised Affordable Housing Program Implementation Plan  

February 10, 2009
Revised Affordable Housing Program Implementation Plan

January 13, 2009
2009 Homeownership Programs 

December 22, 2008
Revised Affordable Housing Program Implementation Plan

August 29, 2008
Revised Affordable Housing Program Implementation Plan

August 31, 2007
Changes to Income Qualification Guidelines and New Workbook 

The Bank now accepts documents electronically, using a secure portal hosted by Blackberry Workspace.
All forms and documents related to the IDEA Program are available here.

Application Materials

IDEA Program Application Materials (Sample) - coming soon

Disbursement

IDEA Disbursement Checklist
IDEA Program Enrollment
IDEA Program Certification and Disbursement Request
Certification and Disbursement Request – Attachment 1
AHP Household Income Qualification Workbook
Promissory Note
Rider to Deed of Trust 

Notice and Repayment

Owner-Occupied Unit - Notice & Repayment Workbook 

Policy Updates and Regulations

AHP Implementation Plan

Other Documents

AHP and FHA Financing
Homeownership Set-Aside Programs Secure Portal Workspace Set-up Request
Homeownership Set-Aside Programs Portal User Agreement

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