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Cost of Funds Index
December 2011      1.221%
Announced January 31, 2012
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Real Life Stories
  A Catalyst for Community: Metro Hollywood Apartments
  Creating Space for Second Chances: Las Vegas Rescue Mission
  Nevada State Bank's Support for Sustainable Homeownership
  AHEAD Grant Helps Launch HopeBuilders, Inc.
  Artisan Lofts Revive Desert Town
  Neighborhood Treasure Is Home to Low-Income Seniors
Highlights
  Credit Rating Agency Reports
  Banking on Communities
  Regulatory Notices
  Anti-Predatory Lending Policy
  Foreclosure Prevention
  MBS Litigation
AHP Round A Workshops and Webinars: Register Today!
Register now for an upcoming Round A workshop or webinar to find out what's new for 2012 and learn the essentials of preparing a successful AHP application. Attend a half-day workshop in Arizona or California, or join us online for an owner-occupied or rental project webinar.
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2012 WISH and IDEA Programs: Application Window Now Open
Applications for the Bank's 2012 Workforce Initiative for Homeownership (WISH) and Individual Development and Empowerment Account (IDEA) matching grant homeownership programs will be accepted from January 10 to February 10. New this year: eligibility guidelines for IDEA now include household participation in lease-to-own programs.
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Bank Awards $32.9 million in Grants for Affordable Housing
The Bank awarded $32.9 million in Round B 2011. The funds will support 59 projects, generating 2,958 units of affordable housing in Arizona, California, Florida, Illinois, Louisiana, North Carolina, Oklahoma, and Oregon.
Bank, Rep. Bono-Mack Participate in Grand Opening of New Coachella Valley Rescue Mission
In Indio, CA, local officials, including Rep. Mary Bono Mack (CA-45), attended the ribbon cutting ceremony for the new Coachella Valley Rescue Mission, a homeless and women's shelter serving Indio and the greater Palm Springs area. The Bank provided a $1.5 million AHP grant towards construction of the new facility, which will house 150 homeless men, women, and children.
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FHLBank San Francisco Hosts Foreclosure Prevention Workshop for Distressed Homeowners; Rep. Berkley Attends
More than 180 families attended a Foreclosure Prevention Workshop and homebuyer seminar hosted by the Bank, with 127 families receiving private counseling. Rep. Shelley Berkley (NV-1) was a special guest at the event, which was held in Las Vegas on Saturday, October 22, 2011.
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Bank Awards $1 Million in AHEAD Program Grants
The Bank's 2011 AHEAD grants will give a critical, early boost to 32 innovative economic development, financial literacy, and affordable housing projects benefiting low- and moderate-income individuals, families, and communities.
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Bank Awards $12 Million to Help Lower-Income Homebuyers
IDEA and WISH Program matching grants will help individuals and families in Arizona, California, Nevada, and other states served by the Bank’s member financial institutions become first-time homeowners.
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