Results for "2016"

Nov 30, 2016

Seven AHP Grant Winners Recognized By Affordable Housing Finance Magazine Readers

SAN FRANCISCO–November 30, 2016 – Seven winners of Affordable Housing Finance magazine's 2016 Readers' Choice Awards competition for the nation's Best Affordable Housing Developments received Affordable Housing Program (AHP) grants from the Federal Home Loan Bank of San Francisco (FHLBank San Francisco). "This industry recognition illustrates how effective our members and their community partners are in producing high quality housing," said Greg Seibly, President and Chief Executive Officer at FHLBank ...
Nov 21, 2016

Federal Home Loan Bank of San Francisco Announces 2016 Director Election Results

SAN FRANCISCO – November 21, 2016 – The Federal Home Loan Bank of San Francisco announced today the results of its 2016 director elections. The Bank’s members re-elected Robert F. Nielsen to a nonmember public interest independent director position. They also re-elected Melinda Guzman and elected F. Daniel Siciliano to other nonmember independent director positions. Mr. Nielsen is President of Shelter Properties, Inc., Reno, Nevada. Ms. Guzman is Chief Executive ...
Oct 27, 2016

Federal Home Loan Bank of San Francisco Announces Third Quarter 2016 Operating Results

SAN FRANCISCO — October 27, 2016 — The Federal Home Loan Bank of San Francisco today announced that its net income for the third quarter of 2016 was $291 million, compared with net income of $46 million for the third quarter of 2015. The $245 million increase in net income for the third quarter of 2016 relative to the prior-year period primarily reflected $240 million in gains (after netting certain ...
Sep 14, 2016

FHLBank San Francisco Awards $1.5 Million in Grants for Economic and Community Development

SAN FRANCISCO – September 14, 2016 – The Federal Home Loan Bank of San Francisco announced today that it has awarded $1.5 million in grants through its Access to Housing and Economic Assistance for Development (AHEAD) Program. The grants, which are made through the Bank’s member financial institutions, will be used by nonprofit organizations in Arizona, California, and Nevada to foster economic development and promote community stability and self-sufficiency. The ...
Jul 28, 2016

Federal Home Loan Bank of San Francisco Announces Second Quarter 2016 Operating Results

SAN FRANCISCO — July 28, 2016 — The Federal Home Loan Bank of San Francisco today announced that its net income for the second quarter of 2016 was $63 million, compared with net income of $61 million for the second quarter of 2015. The $2 million increase in net income for the second quarter of 2016 relative to the prior-year period primarily reflected higher net interest income, partially offset by ...
Jul 1, 2016

Rep. Xavier Becerra and Federal Home Loan Bank of San Francisco Announce $7.8 Million in Affordable Housing Grants for the 34th Congressional District

LOS ANGELES–July 1, 2016 – Rep. Xavier Becerra (CA-34) and the Federal Home Loan Bank of San Francisco (FHLBank San Francisco) announced today that $7.8 million in Affordable Housing Program (AHP) grants have been awarded to help finance five Los Angeles housing projects. In total, $76 million was awarded in the 2016 funding competition to projects in Arizona, California, and Nevada and other areas served by the Bank’s member financial ...
Jul 1, 2016

Rep. Mike Thompson and Federal Home Loan Bank of San Francisco Announce $3.9 Million in Affordable Housing Grants for the 5th Congressional District

NAPA COUNTY – July 1, 2016 – Rep. Mike Thompson (CA-5) and the Federal Home Loan Bank of San Francisco (FHLBank San Francisco) announced today that $3.9 million in Affordable Housing Program (AHP) grants have been awarded to help finance five Napa County housing projects. In total, $76 million was awarded to projects in Arizona, California, Nevada, and other areas served by the Bank’s member financial institutions to produce or ...
Jun 28, 2016

FHLBank San Francisco Awards $76 Million in Grants for Affordable Housing

SAN FRANCISCO – June 28, 2016 – The Federal Home Loan Bank of San Francisco (FHLBank San Francisco) awarded $76 million in Affordable Housing Program (AHP) grants for targeted affordable housing projects. The grants were awarded through 19 Bank members to 85 projects that will construct or rehabilitate 6,318 units of housing affordable to lower-income families and individuals in 11 states – Arizona, California, Colorado, Florida, Montana, Nevada, New York ...
Jun 21, 2016

CalHFA Approved to Borrow from Federal Home Loan Bank of San Francisco

SACRAMENTO, CA – June 21, 2016 – The California Housing Finance Agency announced today that it has been approved for $100 million in financing availability from the Federal Home Loan Bank of San Francisco. CalHFA will use its access to Bank credit to fund a portfolio of Fannie Mae and Ginnie Mae mortgage-backed securities composed of loans it has originated for low to moderate income homebuyers. "We look forward to ...
Jun 15, 2016

FHLBank San Francisco's $40 Million Initiative Aims to Create Wealth and Career Opportunities in Underserved Bay Area Communities

OAKLAND, Calif – June 15, 2016 – Seeking to determine best practices for creating quality jobs and small business expansion in underserved communities, the Federal Home Loan Bank of San Francisco (FHLBank San Francisco) today held a seminar in Oakland with local, regional, and national experts in those fields. The session was an integral part of the Bank’s $40 million Quality Job Growth and Business Expansion Financing initiative, which will ...
May 17, 2016

Underserved Communities in Phoenix Participate in FHLBank San Francisco's $40 Million Initiative to Address the Wealth Gap and Create New Wealth Opportunities

Phoenix, May 17, 2016 – Seeking to determine best practices for creating quality jobs and small business expansion in underserved communities, the Federal Home Loan Bank of San Francisco (FHLBank San Francisco) today held a seminar in Phoenix with local, regional, and national experts in those fields. The session was an integral part of the Bank's $40 million Quality Job Growth and Business Expansion Financing initiative, which will support innovative ...
May 12, 2016

FHLBank San Francisco's Affordable Housing Advisory Council Reelects Chair and Elects New Vice Chair

SAN FRANCISCO – May 12, 2016 –The Federal Home Loan Bank of San Francisco (FHLBank San Francisco) is pleased to announce that the Bank’s Affordable Housing Advisory Council has reelected Ralph Lippman to an additional one-year term as chair and has elected Laura Archuleta as vice chair. The Advisory Council provides expert guidance on affordable housing and economic development issues and helps shape the Bank’s community investment grant programs and ...
May 10, 2016

Underserved Communities in Sacramento Participate in FHLBank San Francisco's $40 Million Initiative to Address the Wealth Gap and Create New Wealth Opportunities

SAN FRANCISCO – May 10, 2016 – The Federal Home Loan Bank of San Francisco (FHLBank San Francisco) today held a seminar in Sacramento to explore best practices for creating quality jobs and small business expansion in underserved West Coast communities. The session was an integral part of the Bank's Quality Job Growth and Business Expansion Financing initiative that will direct $40 million to support programs that use innovative strategies ...
May 6, 2016

Underserved Communities in Los Angeles and other West Coast Cities to Receive $40 Million from FHLBank San Francisco to Create New Job Opportunities

Los Angeles, May 6, 2016 – The Federal Home Loan Bank of San Francisco (FHLBank San Francisco) today held a seminar at LA’s Southwest College to explore best practices for creating quality jobs and small business expansion in underserved West Coast communities. The session was an integral part of the Bank’s Quality Job Growth and Business Expansion Financing initiative, which will direct $40 million to support programs that use innovative ...
Apr 28, 2016

Federal Home Loan Bank of San Francisco Announces First Quarter 2016 Operating Results

SAN FRANCISCO – April 28, 2016 – The Federal Home Loan Bank of San Francisco today announced that its net income for the first quarter of 2016 was $231 million, compared with net income of $474 million for the first quarter of 2015. The $243 million decrease in net income for the first quarter of 2016 relative to the prior-year period primarily reflected a lower gain on settlements relating to ...
Apr 27, 2016

Greg Seibly Named President and Chief Executive Officer of the Federal Home Loan Bank of San Francisco

SAN FRANCISCO – April 27, 2016 – Today the Federal Home Loan Bank of San Francisco announced that its board of directors has named Greg Seibly as President and Chief Executive Officer, effective May 12, 2016. He will succeed current President and Chief Executive Officer Dean Schultz, who previously announced his retirement. Seibly has served as the President of Consumer Banking at Umpqua Bank since its April 2014 merger with ...
Apr 5, 2016

FHLBank San Francisco Makes $12 Million Available to Fund Matching Grants for First-Time Homebuyers

SAN FRANCISCO – April 5, 2016 – The Federal Home Loan Bank of San Francisco (FHLBank San Francisco) is providing $12 million to fund matching grants for first-time homebuyers, with $9.4 million allocated to its 2016 Workforce Initiative Subsidy for Homeownership (WISH) Program and $2.6 million allocated to its 2016 Individual Development and Empowerment Account (IDEA) Program. Funding for the WISH and IDEA programs is set aside each year from ...
Apr 4, 2016

FHLBank San Francisco Names Three to Affordable Housing Advisory Council and Reappoints Four Current Members

SAN FRANCISCO – February 4, 2016 – The Board of Directors of the Federal Home Loan Bank of San Francisco is pleased to announce the following appointments to its Affordable Housing Advisory Council (AHAC): David Adame, Diana Yazzie Devine, and Elizabeth Moore. The Bank also reappointed four current members: Jasmine Borrego, Donald S. Falk, Dean Matsubayashi, and Douglas Shoemaker. The 15-member AHAC provides the Bank with expert guidance on affordable ...
Mar 10, 2016

FHLBank San Francisco to Direct $40 Million to Create New Job Opportunities in Underserved Communities in Arizona, California, and Nevada

SAN FRANCISCO – March 10, 2016 –The Federal Home Loan Bank of San Francisco (FHLBank San Francisco) today announced a new job development and small business financing initiative. The Quality Job Growth and Business Expansion Financing initiative will direct $40 million to fund innovative programs to enhance the income and wealth-building potential of working families and help generate future homebuyers in underserved communities in the Bank’s three-state district of Arizona ...
Feb 18, 2016

Federal Home Loan Bank of San Francisco Announces Annual and Quarterly Operating Results

SAN FRANCISCO – February 18, 2016 – The Federal Home Loan Bank of San Francisco today announced its 2015 operating results. Net income for 2015 was $638 million, compared with net income of $205 million for 2014. Net income for the fourth quarter of 2015 was $57 million, compared with net income of $45 million for the fourth quarter of 2014. The $433 million increase in net income for 2015 ...
Jan 28, 2016

Federal Home Loan Bank of San Francisco Announces Chair and Vice Chair of the Board of Directors

SAN FRANCISCO – January 28, 2016 – The Board of Directors of the Federal Home Loan Bank of San Francisco has elected member director Douglas H. (Tad) Lowrey as Chair and independent director Melinda Guzman as Vice Chair. Douglas H. (Tad) Lowrey and Melinda Guzman Tad Lowrey has served as chairman of Pacific Western Bank and director of PacWest Bancorp since the merger of PacWest Bancorp and CapitalSource in 2014 ...