Results for "nevada $500,000"

Wed. Jun 19, 2024

Congressman Ciscomani Joins FHLBank San Francisco in Tucson to Address Affordable Housing Crisis Through Multi-Agency Efforts

TUCSON, Ariz., June 19, 2024 — In a dedicated effort to promote affordable housing solutions in Arizona, Congressman Juan Ciscomani (AZ-06) hosted a roundtable discussion with the Federal Home Loan Bank of San Francisco (FHLBank San Francisco) at his district office in Tucson on Tuesday, June 18. The roundtable brought together leaders in affordable housing, community organizations, financial institutions, and other stakeholders throughout the area to discuss how multi-agency support ...
Mon. Jun 3, 2024

FHLBank San Francisco Doubles Middle-Income Downpayment Assistance Program to $20 Million in Second Year

SAN FRANCISCO, June 3, 2024 – The Federal Home Loan Bank of San Francisco (FHLBank San Francisco) announced today the commitment of $20 million in funding for their Middle-Income Downpayment Assistance matching grant program, representing a 100% increase over its inaugural year. Launched as a pilot program in 2023, in partnership with participating member institutions, FHLBank San Francisco designed the Middle-Income Downpayment Assistance program to help qualifying families and individuals ...
Fri. May 31, 2024

Federal Home Loan Bank of San Francisco Leads Two Roundtable Discussions with Rep. Pete Aguilar and Rep. Greg Stanton to Address Affordable Housing Crisis

SAN FRANCISCO, May 31, 2024 – As part of its ongoing, mission-driven effort to address the pressing issue of housing affordability, the Federal Home Loan Bank of San Francisco (FHLBank San Francisco) led two separate roundtable discussions in California and Arizona this week. The roundtables – which brought together elected officials and leaders in affordable housing, community organizations, financial institutions, and others across each state – are an important step ...
Tue. May 21, 2024

FHLBank San Francisco's 2023 Impact Report

A message from President and CEO Teresa Bryce Bazemore: As a critical liquidity provider to members in Arizona, California, and Nevada, we have long been proud of FHLBank San Francisco’s role in helping communities thrive. By funding affordable housing, homeownership, and economic development programs and other initiatives, the Bank is focused on changing lives for the better. Our 2023 Impact Report highlights how we delivered on our dual mission, positively ...
Wed. May 15, 2024

FHLBank San Francisco Celebrates 20th Anniversary of AHEAD Grant Program with $4 Million for Economic Vitality Initiatives in Arizona, California, and Nevada

SAN FRANCISCO, May 15, 2024 – The Federal Home Loan Bank of San Francisco (FHLBank San Francisco) is allocating $4 million to its annual Access to Housing and Economic Assistance for Development (AHEAD) economic development program, to be distributed through grants of up to $100,000 throughout Arizona, California, and Nevada. Since the program’s inception in 2004, FHLBank San Francisco has partnered with its member financial institutions to award over $25 ...
Wed. May 8, 2024

Alanna McCargo Named President and Chief Executive Officer of the Federal Home Loan Bank of San Francisco

SAN FRANCISCO, Wednesday, May 8, 2024 – FHLBank San Francisco (Bank) today announced that its board of directors has named Alanna McCargo as the Bank’s next president and chief executive officer. McCargo was most recently the President of the Government National Mortgage Association (Ginnie Mae), a federal government corporation that connects the United States housing market to capital markets, providing low-cost financing for federal housing programs through the U.S. Department ...
Thu. Apr 25, 2024

Federal Home Loan Bank of San Francisco Announces First Quarter 2024 Operating Results

SAN FRANCISCO, April 25, 2024 — The Federal Home Loan Bank of San Francisco (Bank) today announced its unaudited first quarter 2024 operating results. Net income for the first quarter of 2024 was $124 million, a decrease of $71 million compared with net income of $195 million for the first quarter of 2023. Net income for the first quarter of 2023 included $43 million of net income resulting from higher ...
Wed. Apr 24, 2024

U.S. Rep. Horsford and FHLBank San Francisco Celebrate Grand Opening of Affordable Housing Project in Rural Nevada

MESQUITE, Nev., April 24, 2024 — U.S. Rep. Horsford (NV-04) and the Federal Home Loan Bank of San Francisco (FHLBank San Francisco) proudly celebrated the grand opening of the Hafen Village Apartments in northeast Nevada. Advancing initiatives that uplift marginalized communities throughout Nevada is central to Congressman Horsford’s work, a commitment he reinforces in his role as chair of the Congressional Black Caucus. The new housing development, located at 850 ...
Tue. Apr 16, 2024

FHLBank San Francisco Commits $13 Million to 2024 WISH Downpayment Assistance Grant Program, Boosting Homeownership Opportunities Across Region

SAN FRANCISCO, April 16, 2024 – The Federal Home Loan Bank of San Francisco (FHLBank San Francisco) today announced a $13 million commitment to its 2024 WISH matching grant program to provide funding for downpayment assistance to lower-income families and individuals. The WISH Program is designed to help eligible lower-income families and individuals throughout Arizona, California, and Nevada achieve the dream of homeownership. As part of this year’s initiative, FHLBank ...
Thu. Mar 28, 2024

Banks boosting communities: How a behind-the-scenes partnership supports housing affordability and economic development

SAN FRANCISCO, March 28, 2024 – It’s a virtuous cycle: communities that are economically vibrant create good jobs that support homeownership, and homeownership builds generational wealth that supports entrepreneurship and business investment. In traditionally underserved and disadvantaged communities, though, the opposite can be true, leading to financial stagnation and a lack of opportunity for individuals and businesses. Many community-focused financial institutions are working to counteract this negative cycle by investing ...
Thu. Feb 22, 2024

Congressman Gomez Joins FHLBank San Francisco To Address Affordable Housing Crisis in Los Angeles

LOS ANGELES, February 22, 2023 — In a significant effort to address the pressing issue of housing affordability in Los Angeles, Congressman Jimmy Gomez (CA-34) joined with the Federal Home Loan Bank of San Francisco (FHLBank San Francisco) for a roundtable discussion today in Los Angeles. The roundtable – which brought together leaders in affordable housing, community organizations, financial institutions, and others across the state – is an important step ...
Wed. Feb 21, 2024

Federal Home Loan Bank of San Francisco Announces Annual and Fourth Quarter 2023 Operating Results

SAN FRANCISCO, February 21, 2024 — The Federal Home Loan Bank of San Francisco (Bank) today announced its unaudited annual and fourth quarter 2023 operating results. Net income for 2023 was $539 million, an increase of $216 million compared with net income of $323 million for 2022. Net income for the fourth quarter of 2023 was $120 million, an increase of $3 million compared with net income of $117 million ...
Tue. Feb 20, 2024

Congressman Horsford Applauds Federal Home Loan Bank of San Francisco’s Initiatives to Close Racial Wealth Gap Through Innovative Mortgage Finance Solutions

SAN FRANCISCO, February 20, 2024 – The Federal Home Loan Bank of San Francisco commends Congressman Steven Horsford's (NV-04) unwavering commitment to closing the racial wealth gap and promoting homeownership opportunities for all communities. Horsford, the Chair of the Congressional Black Caucus, spoke at the Bank’s Innovations in Mortgage Finance Symposium and celebrated the Bank’s announcement to accept VantageScore 4.0 for mortgage collateral originated by its lenders. “We appreciate Congressman ...
Wed. Feb 14, 2024

FHLBank San Francisco Names Beerling, Risdon, and Whitsett to Affordable Housing Advisory Council

SAN FRANCISCO, February 14, 2024 – The Federal Home Loan Bank of San Francisco (FHLBank San Francisco) is pleased to announce the appointment of Maryann Beerling, Mee Heh Risdon and Andrea Whitsett to its Affordable Housing Advisory Council (Advisory Council). The three new appointments are the latest additions to the 15-member group. The Advisory Council provides FHLBank San Francisco with expert guidance on affordable housing and economic development issues. The ...
Mon. Feb 12, 2024

Federal Home Loan Bank of San Francisco Now Accepts Mortgage Collateral Using VantageScore 4.0 – Expanding Number of Diverse and Creditworthy Mortgage Applicants

SAN FRANCISCO, February 12, 2024 — The Federal Home Loan Bank of San Francisco (FHLBank San Francisco) and VantageScore announced today that FHLBank San Francisco will now accept mortgage collateral originated by lenders using VantageScore 4.0 credit scores, which considers rental payments and other data points into its scoring algorithms that are not included in traditional scoring models, ushering in an innovative solution aimed at closing the racial homeownership gap ...
Mon. Jan 29, 2024

Congressman Carbajal and FHLBank San Francisco Help Make Affordable Housing for Veterans a Reality

Ventura, Calif., January 30, 2024 – California Congressman Salud Carbajal (CA-24) and the Federal Home Loan Bank of San Francisco (FHLBank San Francisco) previewed Ventura Springs, a newly constructed, soon-to-be-open, affordable and supportive multifamily housing development for California veterans. This transformative $70.3 million project, co-developed by A Community of Friends and U.S. VETS, is dedicated to providing quality housing for formerly homeless veterans, as well as low-income veterans and their ...
Tue. Jan 23, 2024

Application Window Now Open: 2024 AHP General Fund and AHP Nevada Targeted Fund

The Bank is excited to announce applications are now being accepted for our 2024 Affordable Housing Program (AHP) General Fund and AHP Nevada Targeted Fund. The deadline to submit an application for this year's funding competitions is March 5, 2024. All applications must be submitted through the Bank's secure portal. The deadline to request a project application workspace on the secure portal is February 27, 2024. AHP Application Webinars We ...
Tue. Jan 23, 2024

FHLBank San Francisco Launches $1 Million Tribal Nations Program to Spur Affordable Housing Development for Native American Communities

SAN FRANCISCO, January 23, 2024 – The Federal Home Loan Bank of San Francisco (FHLBank San Francisco) today announced the launch of a new $1 million Tribal Nations Program that provides critically necessary infrastructure funding grants to increase the supply of affordable housing for Native American communities. “Native American communities are experiencing an acute housing crisis, much of which is because of a lack of dedicated resources and necessary infrastructure ...
Tue. Nov 28, 2023

Congressman Salud Carbajal Announces $550,000 in Middle-Income Downpayment Assistance Grants for First Time Homebuyers on Central Coast

SANTA BARBARA, Calif., November 28, 2023 – Today, Congressman Salud Carbajal (CA-24) announced that $550,000 in downpayment assistance grants for middle-income home buyers are being awarded to first time homebuyers on California’s Central Coast through the Federal Home Loan Bank of San Francisco (FHLBank San Francisco). The 11 awards for Central Coast home buyers come from a new pilot program provided through the federal-backed bank to support aspiring California homeowners ...
Fri. Nov 17, 2023

Federal Home Loan Bank of San Francisco Announces 2023 Director Election Results

SAN FRANCISCO, Nov. 17, 2023 - The Federal Home Loan Bank of San Francisco today announced the results of its 2023 director elections. FHLBank San Francisco members elected Laura Archuleta and Silvio Tavares to two open nonmember independent director positions. Laura Archuleta, President and CEO, Jamboree Housing Corporation As President and CEO of Jamboree Housing Corporation, a nonprofit housing development company, Ms. Archuleta leads the development, acquisition, renovation, and management ...
Thu. Nov 9, 2023

FHLBank San Francisco’s Teresa Bryce Bazemore Accepts “2023 Financial Woman of the Year” Award, Talks Professional and Leadership Journey

SAN FRANCISCO, November 9, 2023 – Teresa Bryce Bazemore, president and CEO of Federal Home Loan Bank of San Francisco (FHLBank San Francisco), accepted the “2023 Financial Woman of the Year” award from Financial Women of San Francisco on Tuesday, Nov. 7. Announced in April this year, the honor was formally bestowed at a luncheon at the Hyatt Regency Embarcadero, and the event provided an opportunity for Bazemore to share ...
Sun. Nov 5, 2023

New Research on AI in Mortgage Finance Identifies Opportunities to Advance Racial Equity in Homeownership, Pitfalls to Avoid

SAN FRANCISCO and WASHINGTON, November 6, 2023 – The Black-white homeownership gap is wider today than it was in 1960, sitting at nearly 30 percentage points, and the rapid adoption of Artificial Intelligence (AI) puts the mortgage finance industry at a crossroads. A new research paper titled “Harnessing AI for Equity in Mortgage Finance,” explores how AI could either shift the industry toward promoting greater equity in the mortgage financing ...
Tue. Oct 31, 2023

Congresswoman Susie Lee Joins the Federal Home Loan Bank of San Francisco To Address Affordable Housing Crisis in Nevada

LAS VEGAS, October 31, 2023 — In a significant effort to address and solve the pressing issue of housing affordability in Nevada, Congresswoman Susie Lee (NV-03) convened with the Federal Home Loan Bank of San Francisco (FHLBank San Francisco) for a roundtable discussion today in Las Vegas, Nevada. The roundtable – which brought together leaders in affordable housing, community organizations, financial institutions, and others across the state – is an ...
Thu. Oct 26, 2023

Bank Announces Third Quarter 2023 Operating Results

SAN FRANCISCO, October 26, 2023 — The Federal Home Loan Bank of San Francisco (Bank) today announced its third quarter 2023 operating results. Net income for the third quarter of 2023 was $103 million, an increase of $23 million compared with net income of $80 million for the third quarter of 2022. “The Bank continues to serve a critical role in providing on-demand liquidity to more than 300 member institutions ...
Wed. Oct 11, 2023

Mission First Housing Group Recognized by Federal Home Loan Banks for Passing $15 Million Milestone

Mission First has accessed more than $15 million in grants in support of affordable housing from four Federal Home Loan Banks Philadelphia, PA, October 12, 2023 – In 1999, Mission First Housing Group (“Mission First”) was awarded its first Affordable Housing Program (“AHP”) grant from a Federal Home Loan Bank (“FHLBank”) – receiving a $465,000 grant from FHLBank Atlanta to help build 78 affordable apartments in the Fox Chase neighborhood ...
Wed. Oct 4, 2023

“Closing The Racial Equity Gap: A Call To Action”

SAN FRANCISCO, October 4, 2023 – With racial inequity at a crisis level in the United States, the Federal Home Loan Bank of San Francisco (FHLBank San Francisco) has released a package of recommendations for updating the housing ecosystem to close the racial homeownership and wealth gaps. "Closing the Racial Equity Gap: A Call to Action" is an historic first for a Federal Home Loan Bank. The result of a ...
Mon. Oct 2, 2023

Three Ways Little-Known 'Banks for Banks' Lower Mortgage Costs and Help Borrowers Achieve Financial Goals

SAN FRANCISCO, October 2, 2023 — A largely behind-the-scenes network of wholesale banks is making a difference for households from coast to coast. While borrowers may not know the name, the Federal Home Loan Bank System (FHLBank System) is very well known among the local lenders — whether it’s a commercial bank, credit union or savings institution — that consumers turn to for financial products and services. These “Banks for ...
Wed. Sep 20, 2023

FHLBank San Francisco Doubles Empowering Black Homeownership Matching Grant Program with New $2 Million Commitment

SAN FRANCISCO, September 20, 2023 – The Federal Home Loan Bank of San Francisco (FHLBank San Francisco) today announced it has doubled its commitment for its groundbreaking and successful Empowering Black Homeownership matching grant program, making an additional $2 million available to help expand the capacity of HUD-approved housing counseling agencies (HCAs) to serve more aspiring and at-risk homeowners in communities of color. This year's funding represents a 100% increase ...
Tue. Sep 12, 2023

FHLBank San Francisco Awards $4 Million in AHEAD Grants to Invigorate Economic Opportunity in Underserved Communities

SAN FRANCISCO, Sept. 12, 2023 – The Federal Home Loan Bank of San Francisco (FHLBank San Francisco) has awarded $4 million in AHEAD economic development grants to help 75 local organizations boost economic opportunity in underserved communities throughout Arizona, California, and Nevada. The grants, delivered through FHLBank San Francisco member financial institutions, are aimed at advancing innovative economic and community development initiatives that bring greater opportunity to underserved populations. The ...
Mon. Aug 28, 2023

FHLBank San Francisco and Rep. Sydney Kamlager-Dove Celebrate Grand Opening of Critically-Needed Affordable Senior Apartments in Los Angeles

Los Angeles, August 28, 2023 – The Federal Home Loan Bank of San Francisco (FHLBank San Francisco) and Congresswoman Sydney Kamlager-Dove (CA-37) today celebrated the grand opening of Washington View Apartments in Los Angeles, which provides 122 newly built residences for senior citizens, with 91 units reserved for formerly unhoused residents. To support the project and bring it to life, FHLBank San Francisco awarded a $1 million Affordable Housing Program ...
Mon. Aug 7, 2023

Bank President and CEO Bazemore Lauds Plans For Increasing Black Homeownership, Credits NAREB For Its Leadership Role In Building Black Wealth

SAN FRANCSISCO, August 7, 2023 – Speaking at the 75TH annual convention of the National Association of Real Estate Brokers (NAREB) in Houston last week, Teresa Bryce Bazemore, president and chief executive officer of the Federal Home Loan Bank of San Francisco (FHLBank San Francisco), credited the organization with playing a critical role in advancing homeownership for African Americans, and other families in marginalized communities across the country. “With various ...
Wed. Aug 2, 2023

Federal Home Loan Bank of San Francisco Announces Formation of Search Committee for CEO

SAN FRANCISCO – August 2, 2023 – The Federal Home Loan Bank of San Francisco announced today that its board of directors has formed a Search Committee, chaired by Director Brian Riley, to identify a new Bank president and chief executive officer to commence in the role at the end of Teresa Bryce Bazemore’s term, which is expected to occur on March 14, 2024. “This decision followed extensive deliberation and ...
Tue. Jul 25, 2023

Bank Announces Second Quarter 2023 Operating Results

SAN FRANCISCO, July 27, 2023 — The Federal Home Loan Bank of San Francisco (Bank) today announced second quarter 2023 operating results. Net income for the second quarter of 2023 was $121 million, an increase of $73 million compared with net income of $48 million for the second quarter of 2022. “The Federal Home Loan Bank of San Francisco continues to play an important and irreplaceable role in providing critical ...
Wed. Jul 19, 2023

Teresa Bazemore Encourages Credit Unions on Continued Path to Bridge the Homeownership and Wealth Gaps for All

San Francisco, July 19, 2023 – Teresa Bryce Bazemore, President and CEO of The Federal Home Loan Bank of San Francisco (FHLBank San Francisco), in a keynote speech today at the 25th Anniversary of the African American Credit Union Coalition’s (AACUC) Annual Conference in Atlanta, Georgia, applauded the credit union industry for its support in closing the racial homeownership and wealth gap. Bazemore’s speech was titled Advancing Racial Equity: Increasing ...
Tue. Jul 11, 2023

FHLBank San Francisco Awards $2 Million in Grants to Arizona-Based Affordable Housing Groups

San Francisco, July 11, 2023 – The Federal Home Loan Bank of San Francisco (FHLBank San Francisco) today announced $2 million in Affordable Housing Program (AHP) grants have been awarded to fund two important projects that will create 142 units of affordable housing for seniors in Arizona. FHLBank San Francisco is the largest privately-owned source of affordable housing funding within its region – comprising Arizona, California, and Nevada – and ...
Tue. Jul 11, 2023

FHLBank San Francisco Awards Over $26 Million in Grants to Wide Array of California-Based Affordable Housing Groups

San Francisco, July 11, 2023 – The Federal Home Loan Bank of San Francisco (FHLBank San Francisco) today announced it awarded over $26 million in Affordable Housing Program (AHP) grants to fund 30 projects that will create 2,420 units of affordable housing in California. FHLBank San Francisco is the largest privately-owned source of affordable housing funding within its region – comprising California, Arizona, and Nevada – and collectively with the ...
Mon. Jul 10, 2023

FHLBank San Francisco Awards $4.8 Million in Grants to Nevada-Based Affordable Housing Groups

San Francisco, July 10, 2023 – The Federal Home Loan Bank of San Francisco (FHLBank San Francisco) today announced $4.8 million in affordable housing grants to Nevada-based groups through its newly established Affordable Housing Program (AHP) Nevada Targeted Fund. This Targeted Fund – a first of its kind in the country – is an important component of the Bank’s AHP and represents a significant commitment to addressing the critical shortage ...
Mon. Jul 10, 2023

FHLBank San Francisco Awards $32.9 Million in AHP Grants to Address the Region’s Significant Affordable Housing Shortfall

San Francisco, July 10, 2023 – The Federal Home Loan Bank of San Francisco (FHLBank San Francisco) today announced $32.9 million in Affordable Housing Program (AHP) grants have been awarded to fund 38 projects that will create 2,825 units of affordable housing throughout Arizona, California, and Nevada. FHLBank San Francisco is the largest privately-owned source of affordable housing funding in its three-state area and collectively with the other Federal Home ...
Wed. Jun 28, 2023

FHLBank San Francisco Provides $2.3 Million For Veteran Housing In West Los Angeles

LOS ANGELES, June 28, 2023 – Federal Home Loan Bank of San Francisco (FHLBank San Francisco), a leading provider of affordable housing grants to organizations across the region, today applauded the groundbreaking for 380 housing units for at-risk veterans and their families to be constructed in West Los Angeles Veterans Affairs Campus buildings. The new housing was celebrated at an event yesterday attended by local public officials and dignitaries including ...
Thu. Jun 22, 2023

Mortgage Reserve Accounts Aimed at Averting Foreclosure Could Help Narrow Black-White Homeownership Gap

SAN FRANCISCO and WASHINGTON, June 22, 2023 – Efforts to close the persistent and detrimental Black-white homeownership gap, currently at 30 percentage points, must include not only measures to decrease the barriers to Black homeownership opportunity, but also mechanisms to ensure that homeownership is sustainable once achieved. Mortgage reserve accounts are among the innovative solutions that could help homeowners overcome temporary hardships and get back on track with their mortgage ...
Tue. Jun 6, 2023

FHLBank San Francisco Names Jennifer Schachterle Senior Vice President, Sales and Business Development

SAN FRANCISCO, June 6, 2023 – The Federal Home Loan Bank of San Francisco (FHLBank San Francisco) announced today the appointment of Jennifer Schachterle as Senior Vice President, Sales and Business Development, effective June 1, 2023. In this position, Ms. Schachterle oversees FHLBank San Francisco’s relationships with its nearly 330 member financial institutions across its three-state district of Arizona, California, and Nevada, leading a team dedicated to sales, business development ...
Thu. May 11, 2023

FHLBank San Francisco Unveils New $10 Million Downpayment Assistance Program for Middle-Income Homebuyers in Arizona, California, Nevada

SAN FRANCISCO, May 11, 2023 – The Federal Home Loan Bank of San Francisco (FHLBank San Francisco) announced today an inaugural $10 million Middle-Income Downpayment Assistance matching grant pilot program to help make the American dream of owning a home a reality for middle-income families and individuals. Aimed at providing an innovative solution that fosters homeownership – an increasingly greater struggle for middle-income households squeezed by high interest rates and ...
Tue. May 2, 2023

FHLBank San Francisco More than Doubles AHEAD Grant Fund to $4 million for Economic Vitality Initiatives in Arizona, California, and Nevada

SAN FRANCISCO, May 2, 2023 – Federal Home Loan Bank of San Francisco (FHLBank San Francisco) announced today that it will allocate $4 million to its annual AHEAD economic development grant program, representing an increase of over 160% compared to the program’s funding in 2022. Initiated in 2004, AHEAD grants are made to organizations that are creating economic opportunity through innovative and targeted initiatives that benefit underserved communities. This substantial ...
Thu. Apr 27, 2023

Bank Announces First Quarter 2023 Operating Results

SAN FRANCISCO, April 27, 2023 — The Federal Home Loan Bank of San Francisco (Bank) today announced first quarter 2023 operating results. Net income for the first quarter of 2023 was $195 million, an increase of $117 million compared with net income of $78 million for the first quarter of 2022. Net income for the first quarter of 2023 included $43 million of income resulting from higher advance prepayments relative ...
Wed. Apr 19, 2023

At FHLBank San Francisco Homeownership Solutions Summit, Public Officials, Academics, Housing Experts, and Banking Executives Say More Quality Jobs are Needed to Substantially Increase Homeownership Rates

PHOENIX, April 19, 2023 – In a wide-ranging discussion about access to homeownership at the Federal Home Loan Bank of San Francisco’s (FHLBank San Francisco) fourth Homeownership Solutions Summit in Arizona, public officials, academics, construction industry experts, affordable housing practitioners, local lenders, and other stakeholders maintained that strategies and investments that create new opportunities for quality jobs must be a critical part of the equation for increasing homeownership. “In strengthening ...
Mon. Apr 17, 2023

FHLBank San Francisco Receives 125 Applications for 2023 AHP Competition

SAN FRANCISCO, April 17, 2023 – The Federal Home Loan Bank of San Francisco (FHLBank San Francisco) today announced that it received 125 qualified applications for the 2023 Affordable Housing Program (AHP) General Fund competition. This group of applications represents some of the most compelling affordable housing initiatives targeted to the specific needs of local communities throughout the country. In 2022, FHLBank San Francisco awarded $31.9 million in AHP grants ...
Tue. Apr 11, 2023

FHLBank San Francisco Makes $12.5 Million Available for Downpayment Assistance Grants

SAN FRANCISCO, April 11, 2023 – The Federal Home Loan Bank of San Francisco (FHLBank San Francisco) has launched its 2023 WISH matching grant program, making $12.5 million available to help lower-income families and individuals achieve the dream of homeownership. This year, 41 FHLBank San Francisco member financial institutions headquartered in Arizona, California, and Nevada have signed on to assist eligible low- to moderate-income first-time homebuyers by delivering 4-to-1 matching ...
Wed. Feb 22, 2023

Bank Announces Annual and Fourth Quarter 2022 Operating Results

SAN FRANCISCO, February 22, 2023 — The Federal Home Loan Bank of San Francisco (Bank) today announced annual and fourth quarter 2022 operating results. Net income for 2022 was $323 million, compared with net income of $287 million for 2021. Net income for the fourth quarter of 2022 was $117 million, compared with net income of $67 million for the fourth quarter of 2021. The $36 million increase in net ...
Tue. Feb 21, 2023

FHLBank San Francisco Gathers Housing Experts to Address Nevada’s Homeownership Challenges

SAN FRANCISCO, Feb. 21, 2022 – Federal Home Loan Bank of San Francisco gathered public officials, housing experts, and financial institutions for its third Homeownership Solutions Summit in Reno, Nevada, on January 24 to address the state’s severe and longstanding affordable housing crisis. Nevada ranks as the worst state for affordable housing in the U.S., and the summit offered an opportunity to explore challenges and identify solutions. Part of FHLBank ...
Tue. Feb 14, 2023

FHLBank San Francisco Names Covarrubias, Duarte, Elliott, and León to Affordable Housing Advisory Council

SAN FRANCISCO, February 14, 2023 – The Federal Home Loan Bank of San Francisco is pleased to announce the appointment of Cesar Covarrubias, Patricia Duarte, Elizabeth Elliott, and Maurilio León to its Affordable Housing Advisory Council (Advisory Council). The Advisory Council provides the Bank with expert guidance on affordable housing and economic development issues and advice on FHLBank San Francisco’s community grant and credit programs. New members of the Advisory ...
Tue. Feb 7, 2023

FHLBank San Francisco Names Eric Cicourel Community Investment Officer

SAN FRANCISCO, February 7, 2023 – The Federal Home Loan Bank of San Francisco has promoted Eric Cicourel to senior vice president and community investment officer. He succeeds Marietta Núñez, who retired at the end of 2022. Mr. Cicourel joined FHLBank San Francisco in 1999 and has held various roles with increasing responsibilities in its Community Investment Department, most recently as a managing director overseeing the Bank’s Affordable Housing Program ...
Tue. Jan 17, 2023

FHLBank San Francisco Names Jeremy Empol Senior Vice President for Public Affairs and Industry Outreach

SAN FRANCISCO, Jan. 17, 2023 — Jeremy Empol has joined the Federal Home Loan Bank of San Francisco (FHLBank San Francisco) as senior vice president, public affairs and industry outreach. In this role, Empol will oversee FHLBank San Francisco’s government relations program, including representing the Bank’s interests with Congress, regulators, and financial industry stakeholders. “We are excited to welcome Jeremy to this important role on our public affairs team,” said ...
Fri. Jan 6, 2023

Application Window Now Open: 2023 AHP General Fund and AHP Nevada Targeted Fund

The Bank is excited to announce applications are now being accepted for our 2023 Affordable Housing Program (AHP) General Fund and AHP Nevada Targeted Fund. The deadline to submit an application for this year's funding competitions is March 9, 2023. All applications must be submitted through the Bank's secure portal. The deadline to request a project application workspace on the secure portal is March 2, 2023. AHP Application Webinars We ...
Mon. Dec 12, 2022

FHLBank San Francisco Brings California Housing Experts Together to Make Homeownership More Accessible

SAN FRANCISCO – Dec. 12, 2022 – While the entire country is experiencing a housing shortage, California continues to be at the center of the crisis. To address this, public officials, housing experts, and financial institutions gathered at the Federal Home Loan Bank of San Francisco’s Homeownership Solutions Summit in Sacramento. Stakeholders from across the housing industry and mortgage finance industry joined community and political leaders to share ideas, explore ...
Sun. Dec 4, 2022

FHLBank San Francisco Board of Directors Among Top 20 Finalists for 2022 NACD Diversity, Equity & Inclusion Awards

SAN FRANCISCO, CA, Dec. 5, 2022 – FHLBank San Francisco announced today that its board is one of 20 boards that have been named as finalists for the 2022 NACD Diversity, Equity & Inclusion Awards. The awards recognize boards that have improved their governance and created long-term value for stakeholders by implementing forward-thinking diversity, equity, and inclusion (DE&I) practices. “It is a great honor for our majority-diverse board to be ...
Mon. Nov 21, 2022

Community Support Programs: Resources and Tools for Housing and Economic Development

The Bank offers valuable resources and tools to help our members and their community partners build and shape strong, vibrant, and resilient communities. We encourage you to learn more about the support we provide for affordable housing, first-time homebuyers, economic development initiatives, and targeted community lending in Arizona, California, Nevada, and other regions our members serve. Affordable Housing Program (AHP): AHP General Fund, Nevada Targeted Fund, First-Time Homebuyer Program Each ...
Wed. Nov 16, 2022

Federal Home Loan Bank of San Francisco Announces 2022 Director Election Results

SAN FRANCISCO, Nov. 16, 2022 — The Federal Home Loan Bank of San Francisco today announced the results of its 2022 director elections. FHLBank San Francisco’s members elected Gary L. Trujillo to a nonmember independent director position. Mr. Trujillo is the founder and serves as president and CEO of Southwest Harvard Group, LLC, an investment firm and family office in Phoenix, Arizona. He is also executive chairman of the Standard ...
Thu. Nov 10, 2022

New Policy Interventions Can Put Homeownership Within Reach for Black Households with Student Loan Debt

SAN FRANCISCO and WASHINGTON, Nov. 10, 2022 – The connection between student loan debt and access to homeownership for Black borrowers is complicated by credit history, debt-to-income ratios, and lack of intergenerational wealth. Still, a number of programs and initiatives targeted toward Black graduates and other underserved groups can partially compensate for historical discrimination these households have faced that limited opportunities to own homes and build wealth. A comprehensive new ...
Thu. Oct 27, 2022

Bank Announces Third Quarter 2022 Operating Results

SAN FRANCISCO, October 27, 2022 — The Federal Home Loan Bank of San Francisco (Bank) today announced its operating results for the third quarter of 2022. Net income for the third quarter of 2022 was $80 million, an increase of $9 million compared with net income of $71 million for the third quarter of 2021. The $9 million increase in net income relative to the prior-year period was primarily attributable ...
Thu. Oct 27, 2022

Kwame Fields Sr. Named to Top Global CISOs for 2022 by Cyber Defense Magazine

SAN FRANCISCO, Oct. 27, 2022 — Federal Home Loan Bank of San Francisco’s (FHLBank San Francisco) Senior Vice President and Chief Information Security Officer (CISO) Kwame Fields Sr., has been named among the Top CISOs by Cyber Defense Magazine. The award celebrates the most innovative CISOs who exceed in communicating with their boards and senior-level executives, detecting and stopping breaches and data loss, complying with regulations, and building powerful risk ...
Wed. Oct 26, 2022

Announcement: AHP and WISH Homeownership Program Implementation Plan Updates

The following Affordable Housing Program Implementation Plan (IP) changes will go into effect on January 1, 2023. WISH Homeownership Set-Aside Program The Bank will adjust the maximum subsidy limit upward on an annual basis in accordance with the Federal Housing Finance Agency’s Housing Price Index and set the maximum subsidy limit prior to each annual reservation. (Section IV. B. 2. d.) Additionally, references to the now obsolete IDEA Homeownership program ...
Mon. Oct 17, 2022

Using Rental Payment History in Mortgage Underwriting Is a Promising Strategy to Close the Black-White Homeownership Gap

SAN FRANCISCO/WASHINGTON, D.C., Oct. 17, 2022 – More Black renters could become homeowners if the housing finance industry more fully embraces the use of rental history and other alternative data in underwriting mortgages. The technologies and developments required to make this a reality, however, are just beginning to emerge. Transparent, large-scale pilots are needed to ensure that the data is used appropriately and efficiently, and many housing finance actors will ...
Wed. Oct 12, 2022

FHLBank San Francisco Matching Grant Program Delivers More Than $2 Million to Help Narrow the Black Homeownership Gap

SAN FRANCISCO, Oct. 12, 2022 – The Federal Home Loan Bank of San Francisco announced that, in partnership with participating member financial institutions, more than $2.2 million has been donated to HUD-approved housing counseling agencies through the Bank’s Empowering Black Homeownership matching grant program. This funding has been distributed to 22 HUD-approved housing counseling agencies so that they can better serve homebuyers and homeowners in communities of color. “The Empowering ...
Mon. Sep 26, 2022

FHLBank San Francisco Awards $1.5 Million in Grants to Bring Greater Opportunities to Underserved Communities

SAN FRANCISCO, Sept. 27, 2022 – The Federal Home Loan Bank of San Francisco (FHLBank San Francisco) has awarded $1.5 million in AHEAD economic development grants to help 55 local organizations boost economic opportunity in underserved communities in Arizona, California, and Nevada. The grants, delivered through FHLBank San Francisco member financial institutions, are aimed at advancing innovative economic and community development initiatives that bring greater opportunity to underserved populations. “Today’s ...
Wed. Aug 3, 2022

Ana E. Fonseca to Join FHLBank San Francisco Board of Directors

SAN FRANCISCO, August 3, 2022 – The board of directors of the Federal Home Loan Bank of San Francisco has selected Ana E. Fonseca to fill a California member director vacancy on the board beginning July 28, 2022. Ms. Fonseca is president and chief executive officer of Logix Federal Credit Union, Valencia, California. The term of this seat ends December 31, 2023. Ms. Fonseca replaces Shruti Miyashiro, who resigned from ...
Thu. Jul 28, 2022

Bank Announces Second Quarter 2022 Operating Results

SAN FRANCISCO, July 28, 2022 — The Federal Home Loan Bank of San Francisco (Bank) today announced its operating results for the second quarter of 2022. Net income for the second quarter of 2022 was $48 million, a decline of $7 million compared with net income of $55 million for the second quarter of 2021. The $7 million decrease in net income relative to the prior-year period was primarily attributable ...
Tue. Jul 26, 2022

More than 2,700 Affordable Housing Units to Be Created with $31.9 Million in FHLBank San Francisco AHP Grants

SAN FRANCISCO, July 26, 2022 – The Federal Home Loan Bank of San Francisco today announced $31.9 million in Affordable Housing Program (AHP) grants for 39 projects that will help preserve and facilitate the development of 2,712 affordable housing units for lower-income families and individuals throughout the Bank’s three-state district of Arizona, California, and Nevada. “The lack of affordable housing has been a growing concern in our region and recent ...
Mon. Jul 18, 2022

Teresa Bryce Bazemore Named One of Savoy Magazine’s 2022 Most Influential Black Executives in Corporate America

SAN FRANCISCO, July 18, 2022 — Federal Home Loan Bank of San Francisco (FHLBank San Francisco) president and CEO Teresa Bryce Bazemore has been named one of Savoy magazine’s 2022 Most Influential Black Executives in Corporate America. The annual listing showcases African American executives, influencers and achievers who demonstrate an exemplary record of accomplishments and influence while working to better their community and inspire others. The honorees will be recognized ...
Tue. Jun 28, 2022

FHLBank San Francisco Expands Diversity and Inclusion Education for Executives Through eCornell

SAN FRANCISCO, June 28, 2022 – The Federal Home Loan Bank of San Francisco (FHLBank San Francisco) is collaborating with eCornell, Cornell University’s external education unit, in a concerted effort to advance the Bank’s commitment to diversity and inclusion. Through eCornell’s expert-led Diversity and Inclusion Certificate program, the Bank’s executive leadership team is expanding their knowledge, skills, and professional toolbox, broadening their awareness and setting the stage for greater workplace ...
Fri. Jun 17, 2022

Blog Post: FHLBank San Francisco Joins Affordable Housing Roundtable with US HUD Secretary Marcia Fudge

FHLBank San Francisco President and CEO Teresa Bryce Bazemore joined U.S. Secretary of Housing and Urban Development Marcia Fudge and representatives from Mayors and CEOs for U.S. Housing Investment at a recent roundtable discussion focusing on the affordable housing crisis. Held Sunday, June 4, in Reno to coincide with the 90th Annual Meeting of the U.S. Conference of Mayors, the independent event drew public and private sector leaders into an ...
Tue. Jun 7, 2022

FHLBank San Francisco Helps Make Homeownership a Reality for First-Time Buyers with Matching Grant Program

SAN FRANCISCO, June 7, 2022 – FHLBank San Francisco is making $11.1 million available to fund its WISH homeownership matching grant program. In 2022, 43 FHLBank San Francisco member financial institutions headquartered in Arizona, California, and Nevada, are participating to assist eligible low- to moderate-income first-time homebuyers who can receive up to $22,000 in downpayment assistance. To expand access to quality affordable and sustainable housing, WISH offers downpayment and closing ...
Thu. Apr 28, 2022

FHLBank San Francisco Director Scott Syphax Named to NACD Directorship 100™

SAN FRANCISCO, April 28, 2022 — Federal Home Loan Bank of San Francisco (FHLBank San Francisco) congratulates director Scott Syphax on being named to the 2022 NACD Directorship 100™ list, an annual recognition of influential peer-nominated directors and governance professionals by the National Association of Corporate Directors. Syphax joined the Board of Directors of FHLBank San Francisco in 2002 and was vice chair of the board from 2010 to 2012 ...
Wed. Apr 27, 2022

Bank Announces First Quarter 2022 Operating Results

SAN FRANCISCO, April 28, 2022 — The Federal Home Loan Bank of San Francisco (Bank) today announced its operating results for the first quarter of 2022. Net income for the first quarter of 2022 was $78 million, a decline of $16 million compared with net income of $94 million for the first quarter of 2021. The $16 million decrease in net income relative to the prior-year period was primarily attributable ...
Tue. Mar 8, 2022

FHLBank San Francisco Grants $500,000 to Nevada Housing Coalition to Build Capacity Statewide for Affordable Housing Development

SAN FRANCISCO / LAS VEGAS, March 8, 2022 — The Federal Home Loan Bank of San Francisco (FHLBank San Francisco) has awarded a $500,000 grant to Nevada Housing Coalition. The funds will be used to build up development resources in the state, grow its affordable housing ecosystem, and better position Nevada to secure and deploy affordable housing dollars from a variety of existing and new sources. The grant will support ...
Tue. Mar 1, 2022

Bank Announces $1 Million Matching Grant Program Aimed at Narrowing the Black Homeownership Gap by Expanding Access to Expert Housing Counseling Services

SAN FRANCISCO – March 1, 2022 – The Federal Home Loan Bank of San Francisco (FHLBank San Francisco) is making $1 million available to help expand the capacity of HUD-approved housing counseling agencies to serve more aspiring and at-risk homeowners in communities of color. The Empowering Black Homeownership grant program is a key component of FHLBank San Francisco’s commitment to advancing racial equity in homeownership and narrowing the Black homeownership ...
Wed. Feb 16, 2022

Bank Announces Annual and Fourth Quarter 2021 Operating Results

SAN FRANCISCO, February 16, 2022 — The Federal Home Loan Bank of San Francisco (Bank) today announced its 2021 operating results. Net income for 2021 was $287 million, compared with net income of $335 million for 2020. Net income for the fourth quarter of 2021 was $67 million, compared with net income of $94 million for the fourth quarter of 2020. Net income of $287 million in 2021 declined $48 ...
Tue. Jan 25, 2022

FHLBank San Francisco Names Nikki A. Beasley and Erin Rank to Affordable Housing Advisory Council and Reappoints Five Current Members

SAN FRANCISCO – January 25, 2022 – The Federal Home Loan Bank of San Francisco is pleased to announce the appointment of Nikki Beasley and Erin Rank to its Affordable Housing Advisory Council (Advisory Council) and the reappointment of five current members to new three-year terms. The Advisory Council provides the Bank with expert guidance on affordable housing and economic development issues and advice on FHLBank San Francisco’s community grant ...
Mon. Jan 24, 2022

Community Support Programs: Resources and Tools for Housing and Economic Development

The Bank offers valuable resources and tools to help our members and their community partners build and shape strong, vibrant, and resilient communities. We encourage you to learn more about the support we provide for affordable housing, first-time homebuyers, economic development initiatives, and targeted community lending in Arizona, California, Nevada, and other regions our members serve. Affordable Housing Program (AHP): AHP General Fund and First Time Homebuyer Program Each year ...
Wed. Jan 5, 2022

FHLBank San Francisco Announces Chair and Vice Chair of the Board of Directors

SAN FRANCISCO – January 5, 2022 – The Board of Directors of the Federal Home Loan Bank of San Francisco (FHLBank San Francisco) has elected California member director Simone Lagomarsino as Chair and independent director F. Daniel Siciliano as Vice Chair. Simone Lagomarsino has been president and chief executive officer of Luther Burbank Savings, Santa Rosa, California, since January 2019. She has been a member director since January 1, 2013 ...
Thu. Dec 2, 2021

Federal Home Loan Bank of San Francisco Announces 2021 Director Election Results

SAN FRANCISCO, December 2, 2021 - The Federal Home Loan Bank of San Francisco announced today the results of its 2021 director elections. FHLBank San Francisco’s members elected David Adame and Banafsheh Akhlaghi to nonmember independent director positions. David Adame serves as president and CEO of Chicanos Por La Causa (CPLC), one of the nation’s largest community development corporations. Mr. Adame served as COO and CFO before taking on the ...
Wed. Nov 10, 2021

FHLBank San Francisco Wins NACD DE&I Award

SAN FRANCISCO – November 10, 2021 – The Board of Directors of the Federal Home Loan Bank of San Francisco (FHLBank San Francisco) today announced that it is one of three boards winning the NACD Diversity, Equity & Inclusion (DE&I) Award. The NACD DE&I Awards™ highlight forward-thinking boards that leverage the power of diversity, equity, and inclusion to enhance their governance and create long-term value for their organizations and stakeholders ...
Tue. Nov 9, 2021

FHLBank San Francisco Names Anne Segrest McCulloch Chief Legal Officer

SAN FRANCISCO, Nov. 09, 2021 —The board of directors of the Federal Home Loan Bank of San Francisco (FHLBank San Francisco) has appointed Anne Segrest McCulloch executive vice president, chief legal officer and corporate secretary, effective November 18, 2021. Ms. McCulloch, a seasoned financial services and housing industry executive and regulatory attorney with more than 30 years in the industry, will assume the position as a result of the retirement ...
Wed. Oct 27, 2021

FHLBank San Francisco Announces Third Quarter 2021 Operating Results

SAN FRANCISCO, October 28, 2021 — The Federal Home Loan Bank of San Francisco (Bank) today announced its operating results for the third quarter of 2021. Net income for the third quarter of 2021 was $71 million, compared with net income of $161 million for the third quarter of 2020. The $90 million decrease in net income relative to the prior-year period reflected a decrease in other income/(loss) of $73 ...
Mon. Oct 18, 2021

FHLBank San Francisco Awards $1.5 Million in Grants for Economic Development, Pandemic Recovery

SAN FRANCISCO – Oct. 19, 2021 – The Federal Home Loan Bank of San Francisco (FHLBank San Francisco) awarded $1.5 million in grants to 60 nonprofits through its 2021 AHEAD Program. The grants, delivered through FHLBank San Francisco member financial institutions in Arizona, California, and Nevada, are aimed at advancing innovative economic and community development initiatives that bring greater opportunity to underserved populations. Through the AHEAD Program, Bank members boost ...
Wed. Oct 6, 2021

Teresa Bryce Bazemore Named One of Bay Area’s Most Influential Woman in Business by San Francisco Business Times

SAN FRANCISCO — Oct. 7, 2021—The Federal Home Loan Bank of San Francisco (FHLBank San Francisco) congratulates president and CEO Teresa Bryce Bazemore on her recognition as one of the Bay Area’s Most Influential Women in Business for 2021 by the San Francisco Business Times. Bazemore and the other honorees will be celebrated at a virtual event today. The annual list celebrates the leadership and achievements of women in a ...
Fri. Oct 1, 2021

Urban Institute and FHLBank San Francisco Announce New Efforts to Close the Racial Homeownership and Wealth Gaps in America

WASHINGTON, D.C./SAN FRANCISCO, Oct. 4, 2021 — The Urban Institute and the Federal Home Loan Bank of San Francisco today launched a new research and product development initiative aimed at tackling some of the most persistent challenges to closing the racial gaps in homeownership and wealth-building. A two-year, $1.5 million collaboration, the Racial Equity Accelerator for Homeownership will develop and incubate innovations in housing finance, including underwriting and financial technology ...
Tue. Sep 7, 2021

FHLBank San Francisco to Discontinue Publishing Cost of Funds Indices in Early 2022

SAN FRANCISCO — September 8, 2021 — As previously announced, the Federal Home Loan Bank of San Francisco is discontinuing its cost of funds indices in early 2022. The Bank will continue publishing the 11th District Monthly Weighted Average Cost of Funds Index (COFI) until the announcement of the December 2021 COFI in January 2022. The Bank will also continue publishing the Semiannual Weighted Average Cost of Funds Indices for ...
Thu. Aug 26, 2021

Federal Home Loan Bank of San Francisco Grants More Than $9.2 Million to Build Affordable Housing in Los Angeles

LOS ANGELES – Aug. 26, 2021 – The Federal Home Loan Bank of San Francisco (FHLBank San Francisco) has awarded $36.8 million in Affordable Housing Program (AHP) funding throughout California, including more than $9.2 million in AHP grants awarded to 11 projects in Los Angeles. Los Angeles Mayor Eric Garcetti applauded the announcement, noting that the funding will provide 619 units of affordable housing for low-income families and individuals. Designed ...
Thu. Aug 26, 2021

Federal Home Loan Bank of San Francisco Grants More Than $5.8 Million to Build Affordable Housing in San Francisco and Oakland, Calif.

SAN FRANCISCO – Aug. 26, 2021 –– The Federal Home Loan Bank of San Francisco (FHLBank San Francisco) announced $36.8 million in Affordable Housing Program (AHP) grants throughout California, including $5.8 million in grants for six Bay Area projects. San Francisco Mayor London Breed and Oakland Mayor Libby Schaaf applauded the funding for four San Francisco and two Oakland projects that will provide 473 units of affordable housing for low-income ...
Thu. Jul 29, 2021

Federal Home Loan Bank of San Francisco Announces Second Quarter 2021 Operating Results

SAN FRANCISCO, July 29, 2021 — The Federal Home Loan Bank of San Francisco (Bank) today announced its operating results for the second quarter of 2021. Net income for the second quarter of 2021 was $55 million, compared with net income of $88 million for the second quarter of 2020. The $33 million decrease in net income relative to the prior-year period reflected a decrease in net interest income of ...
Mon. May 10, 2021

FHLBank San Francisco Names Tony Wong Chief Banking Officer

SAN FRANCISCO, May 10, 2021 —The board of directors of the Federal Home Loan Bank of San Francisco has approved the promotion of Tony Wong to executive vice president and chief banking officer (CBO). As CBO, Mr. Wong is responsible for providing strategic direction and oversight for the sales, marketing and communications, member financial services, member and counterparty credit, and community investment departments. Mr. Wong has served as acting CBO ...
Thu. Apr 29, 2021

Federal Home Loan Bank of San Francisco Announces First Quarter 2021 Operating Results

SAN FRANCISCO, April 29, 2021 — The Federal Home Loan Bank of San Francisco (Bank) today announced its operating results for the first quarter of 2021. Net income for the first quarter of 2021 was $94 million, compared with a net loss of $8 million for the first quarter of 2020. The $102 million increase in net income relative to the prior-year period primarily reflected an increase in net interest ...
Wed. Apr 14, 2021

FHLBank San Francisco Drives Pandemic Recovery with First-Time Homebuyer Matching Grant Programs

SAN FRANCISCO – April 14, 2021 – The Federal Home Loan Bank of San Francisco (FHLBank San Francisco), a member-driven cooperative helping lenders in Arizona, California, and Nevada drive local economic growth, is providing $11 million in grants through its Workforce Initiative Subsidy for Homeownership (WISH) and Individual Development and Empowerment Account (IDEA) matching grant programs. Through the programs, implemented by 36 participating FHLBank San Francisco member financial institutions, eligible ...
Tue. Feb 23, 2021

Teresa Bryce Bazemore Named President and Chief Executive Officer of the Federal Home Loan Bank of San Francisco

SAN FRANCISCO – February 23, 2021 – Today FHLBank San Francisco (Bank) announced that its board of directors has named Teresa Bryce Bazemore as the Bank’s President and Chief Executive Officer, effective March 15, 2021. “We are extremely proud and pleased to have Teresa’s leadership at the Federal Home Loan Bank of San Francisco,” said Dan Siciliano, Chairman of the Bank’s board of directors. “Teresa Bryce Bazemore has a wealth ...
Thu. Feb 18, 2021

Bank Announces Annual and Quarterly Operating Results

SAN FRANCISCO, February 18, 2021 — The Federal Home Loan Bank of San Francisco (Bank) today announced its 2020 operating results. Net income for 2020 was $335 million, compared with net income of $327 million for 2019. Net income for the fourth quarter of 2020 was $94 million, compared with net income of $113 million for the fourth quarter of 2019. The increase in net income of $8 million for ...
Tue. Dec 29, 2020

Community Support Programs: Resources and Tools for Housing and Economic Development

The Bank offers valuable resources and tools to help our members and their community partners build and shape strong, vibrant, and resilient communities. We encourage you to learn more about the support we provide for affordable housing, first-time homebuyers, economic development initiatives, and targeted community lending in Arizona, California, Nevada, and other regions our members serve. Affordable Housing Program (AHP): AHP General Fund and AHP Set-Aside Program Each year, we ...
Thu. Nov 12, 2020

FHLBank San Francisco Announces 2020 Director Election Results

SAN FRANCISCO, November 12, 2020 - The Federal Home Loan Bank of San Francisco announced today the results of its 2020 director elections. The Bank’s members elected Lori R. Gay to a nonmember public interest independent director position and re-elected F. Daniel Siciliano to a nonmember independent director position. Ms. Gay has served as president and chief executive officer of Neighborhood Housing Services (NHS) of Los Angeles County, a non-profit ...
Wed. Oct 28, 2020

Federal Home Loan Bank of San Francisco Announces Third Quarter 2020 Operating Results

SAN FRANCISCO, October 29, 2020 — The Federal Home Loan Bank of San Francisco (Bank) today announced that its net income for the third quarter of 2020 was $161 million, compared with net income of $61 million for the third quarter of 2019. The $100 million increase in net income relative to the prior-year period primarily reflected the Bank's receipt of disgorgement proceeds in connection with a Securities and Exchange ...
Thu. Oct 15, 2020

FHLBank San Francisco Names Tyrone Roderick Williams to Affordable Housing Advisory Council and Reappoints Five Current Members

SAN FRANCISCO – October 15, 2020 – The Federal Home Loan Bank of San Francisco is pleased to announce the appointment of Tyrone Roderick Williams to its Affordable Housing Advisory Council (AHAC), effective immediately. Mr. Williams will fill the vacant seat of an AHAC member who resigned at the end of 2019 and serve through 2021. The Bank also reappointed five current AHAC members to new three-year terms beginning on ...
Fri. Oct 9, 2020

FHLBank San Francisco Announces Interim Chief Financial Officer

SAN FRANCISCO – October 9, 2020 – The Federal Home Loan Bank of San Francisco announced today the appointment of Joseph E. Amato as executive vice president and senior financial officer effective October 13, 2020, and as executive vice president and interim chief financial officer effective upon the departure of the Bank’s current chief financial officer, Kenneth C. Miller. Mr. Miller, who has served as chief financial officer since 2011 ...
Thu. Sep 24, 2020

FHLBank San Francisco Awards $3.5 Million in Grants for Pandemic Relief and Economic Development to 97 Nonprofit Organizations

SAN FRANCISCO – September 23, 2020 – The Federal Home Loan Bank of San Francisco awarded $3.5 million in grants to 97 nonprofits through its 2020 AHEAD Program. The grants, delivered by FHLBank San Francisco member financial institutions to nonprofits in Arizona, California, and Nevada, are aimed at providing both immediate and long-term pandemic relief and boosting economic development in lower-income communities. AHEAD is an annual economic development grant program ...
Thu. Jul 23, 2020

FHLBank San Francisco Announces Second Quarter 2020 Operating Results

SAN FRANCISCO, July 23, 2020 — The Federal Home Loan Bank of San Francisco (Bank) today announced that its net income for the second quarter of 2020 was $88 million, compared with net income of $49 million for the second quarter of 2019. The $39 million increase in net income relative to the prior-year period primarily reflects a $32 million increase in net interest income, from $110 million for the ...
Tue. Jun 30, 2020

More Than 3,500 New Housing Units to Be Created with Grants from FHLBank San Francisco’s Affordable Housing Program

SAN FRANCISCO — June 30, 2020 — The Federal Home Loan Bank of San Francisco awarded $37.7 million in Affordable Housing Program (AHP) grants to 50 projects that will construct or rehabilitate 3,514 units of housing that is affordable to lower-income families and individuals in Arizona, California, and Nevada. Awarded to twenty of the Bank’s member financial institutions who will deliver the funding to affordable housing developers, these grants will ...
Thu. Jun 18, 2020

Taking a Stand on Racial Justice and Working for Change: A Message from Acting CEO Steve Traynor

SAN FRANCISCO – June 18, 2020 – The brutal killing of George Floyd in Minneapolis – and of Breonna Taylor, Ahmaud Arbery, and too many others – shocks the conscience of decent people everywhere. The lens that the Black Lives Matter movement has trained on racism, deplorable acts of violence, and the other assaults on human dignity that occur too often in America under color of law, is rightly damning ...
Tue. May 19, 2020

FHLBank San Francisco Now Accepting Applications from Member Financial Institutions for $2.5 Million in Economic Development Grants (Updated June 2020)

SAN FRANCISCO – May 19, 2020 – The Federal Home Loan Bank of San Francisco (FHLBank San Francisco) is now accepting applications from member financial institutions for $2.5 million in AHEAD economic development grants. In response to the economic shocks caused by the COVID-19 crisis, FHLBank San Francisco added $1 million to its planned $1.5 million 2020 program funding allocation. Members of the cooperatively-owned wholesale bank include commercial banks, credit ...
Tue. May 12, 2020

FHLBank San Francisco to Match Up To $1.8 Million in Contributions for Pandemic Relief Made by Member Financial Institutions

SAN FRANCISCO, CA – May 12, 2020 – The Federal Home Loan Bank of San Francisco (FHLBank San Francisco) is making $1.8 million in matching funds available to member financial institutions donating to nonprofits or contributing to local small businesses in response to the escalating economic impact of the COVID-19 pandemic on the communities they serve. FHLBank San Francisco is a cooperatively-owned wholesale bank whose members are commercial banks, credit ...
Fri. May 1, 2020

FHLBank San Francisco Makes $10.7 Billion Available for COVID-19 Relief and Recovery Solutions Delivered by Local Lenders (Updated June 2020)

SAN FRANCISCO – May 1, 2020 – The Federal Home Loan Bank of San Francisco (FHLBank San Francisco) is a cooperatively-owned wholesale bank and a reliable source of liquidity for its member financial institutions in all economic cycles. FHLBank members are commercial banks, credit unions, industrial loan companies, savings institutions, insurance companies, and community development financial institutions headquartered in Arizona, California, and Nevada. In response to the unprecedented COVID-19 public ...
Tue. Apr 28, 2020

FHLBank San Francisco Announces First Quarter 2020 Operating Results

SAN FRANCISCO, April 28, 2020 —The Federal Home Loan Bank of San Francisco (Bank) today announced its operating results for the first quarter of 2020. The Bank incurred a net loss of $8 million for the first quarter of 2020, compared with net income of $104 million for the first quarter of 2019. The $112 million decrease in net income/(loss) relative to the prior-year period primarily reflected a $95 million ...
Mon. Mar 30, 2020

FHLBank San Francisco Plans to Continue Publishing Cost of Funds Indices Until Early 2022

Deadline Extended an Additional Year to Accommodate Market Participants SAN FRANCISCO, March 30, 2020 — The Federal Home Loan Bank of San Francisco announced today that it is extending its deadline for discontinuing its cost of funds indices from early 2021 to early 2022. The Bank plans to continue publishing the 11th District Monthly Weighted Average Cost of Funds Index (COFI) until the announcement of the December 2021 COFI in ...
Thu. Feb 20, 2020

FHLBank San Francisco Announces Annual and Quarterly Operating Results

SAN FRANCISCO — February 20, 2020 — The Federal Home Loan Bank of San Francisco today announced its 2019 operating results. Net income for 2019 was $327 million, compared with net income of $360 million for 2018. Net income for the fourth quarter of 2019 was $113 million, compared with net income of $73 million for the fourth quarter of 2018. The $33 million decrease in net income for 2019 ...
Thu. Feb 6, 2020

Federal Home Loan Bank of San Francisco Announces Resignation of Chief Executive Officer

SAN FRANCISCO – February 6, 2020 – The Federal Home Loan Bank of San Francisco announced today that Greg Seibly, President and Chief Executive Officer, has given notice of his resignation effective February 28, 2020. The Bank’s Board of Directors has named Stephen P. Traynor, Executive Vice President and Chief Banking Officer, as Acting President and CEO, effective upon Mr. Seibly’s resignation. “On behalf of the Board and the entire ...
Fri. Jan 17, 2020

Mayor London Breed and Former Mayor Willie Brown Join FHLBank San Francisco and SF Chamber to Celebrate the Bank's Move to Expansive Financial District Offices and Launch of a New Conference Center

SAN FRANCISCO, CA – January 17, 2020 – FHLBank San Francisco was joined by Mayor London Breed, Former Mayor Willie Brown, Jr. and the San Francisco Chamber of Commerce for a Ribbon Cutting ceremony at the Bank’s new offices in the heart of the City’s Financial District on January 14. The Bank has brought its 300 employees together under one roof across five connected floors at 333 Bush Street and ...
Mon. Nov 25, 2019

Senator Cortez Masto and FHLBank San Francisco Host Workshop on Financing Resources for Affordable Housing Projects and Community Revitalization Initiatives

LAS VEGAS, NV – November 25, 2019 – Senator Catherine Cortez Masto and the Federal Home Loan Bank of San Francisco welcomed more than 50 attendees – including local lenders, affordable housing developers, and nonprofits with expertise in economic development – to the East Las Vegas Library today for a half-day workshop on accessing FHLBank San Francisco grants and discounted credit products to finance affordable housing and community development. “Nevada ...
Fri. Nov 22, 2019

FHLBank San Francisco and Its Member Financial Institutions Make a Significant Impact on Los Angeles Economy

LOS ANGELES, CA – November 22, 2019 – In a presentation to attendees of the Los Angeles Business Council’s Annual Mayoral Housing, Transportation & Jobs Summit, Federal Home Loan Bank of San Francisco’s Chief Banking Officer Stephen Traynor highlighted the economic impact of the lending activity of FHLBank San Francisco’s members and how the FHLBank’s community grant and credit programs support affordable housing and economic development in one of the ...
Tue. Nov 19, 2019

San Luis Obispo Community Celebrates Grand Opening of Bishop Street Studios

SAN LUIS OBISPO, CA – November 19, 2019 – With community partners, local officials, and the development’s first residents, the Federal Home Loan Bank of San Francisco celebrated the grand opening of Bishop Street Studios on November 14, 2019. Bishop Street Studios is a visionary supportive housing project offering 33 new studio apartments to low-income adults with behavioral health needs in San Luis Obispo. FHLBank San Francisco is among the ...
Wed. Nov 6, 2019

Federal Home Loan Bank of San Francisco Announces 2019 Director Election Results

SAN FRANCISCO, November 6, 2019 — The Federal Home Loan Bank of San Francisco announced today the results of its 2019 director elections. The Bank’s members re-elected Melinda Guzman and Kevin Murray to nonmember independent director positions. Ms. Guzman is Chief Executive Officer/Attorney of Melinda Guzman Professional Corporation, Sacramento, California. Mr. Murray is President and Chief Executive Officer of Weingart Center Association, Los Angeles, California. The Bank’s California members also ...
Thu. Oct 24, 2019

FHLBank San Francisco Announces Third Quarter 2019 Operating Results

SAN FRANCISCO, October 24, 2019 — The Federal Home Loan Bank of San Francisco today announced that its net income for the third quarter of 2019 was $61 million, compared with net income of $102 million for the third quarter of 2018. The $41 million decrease in net income relative to the prior-year period primarily reflected an increase in net fair value losses associated with derivatives, hedged items, and financial ...
Thu. Oct 3, 2019

Community Leaders Celebrate Grand Opening of Ormond Beach Villas

OXNARD, CA – October 3, 2019 – With community leaders and public officials, the Federal Home Loan Bank of San Francisco celebrated the grand opening of Ormond Beach Villas today, a $22 million project developed by Many Mansions to create 40 affordable homes for veterans and their families. FHLBank San Francisco awarded the project a $390,000 Affordable Housing Program grant through Bank member MUFG Union Bank. “We are very proud ...
Tue. Sep 24, 2019

FHLBank San Francisco Awards $781,250 in Grants for Five Disaster Recovery and Resiliency Initiatives in California

SAN FRANCISCO – September 24, 2019 – The Federal Home Loan Bank of San Francisco has awarded $781,250 in grants that will be used by local government agencies and nonprofit Economic Development Districts (EDDs) to launch targeted disaster recovery and resiliency initiatives in five communities affected by recent natural disasters: Butte County, Lake County, Shasta County, Sonoma County, and Yuba County. “In the last few years, disasters, especially wildfires, have ...
Mon. Sep 23, 2019

FHLBank San Francisco Awards $1.5 Million in Grants to 55 Nonprofits for Economic Development Initiatives

SAN FRANCISCO – September 23, 2019 – The Federal Home Loan Bank of San Francisco has awarded $1.5 million in grants through its 2019 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 advance innovative economic and community development initiatives and bring greater opportunity to underserved ...
Tue. Aug 6, 2019

FHLBank San Francisco Names Greg Ward Chief Risk Officer, Arlene Coyle Named Chief Audit Executive

SAN FRANCISCO, August 6, 2019 —The Board of Directors of the Federal Home Loan Bank of San Francisco has promoted Greg Ward to Executive Vice President and Chief Risk Officer and promoted Arlene Coyle to Senior Vice President and Chief Audit Executive, the role most recently held by Mr. Ward. (l-r) Greg Ward, Executive Vice President, Chief Risk Officer; Arlene Coyle, Senior Vice President, Chief Audit Executive Greg Ward oversees ...
Thu. Jul 25, 2019

FHLBank San Francisco Announces Second Quarter 2019 Operating Results

SAN FRANCISCO, July 25, 2019 — The Federal Home Loan Bank of San Francisco today announced that its net income for the second quarter of 2019 was $49 million, compared with net income of $104 million for the second quarter of 2018. The $55 million decrease in net income relative to the prior-year period primarily reflected an increase in net fair value losses associated with derivatives, hedged items, and financial ...
Tue. Jul 16, 2019

FHLBank San Francisco Plans to Continue Publishing Cost of Funds Indices Until Early 2021

SAN FRANCISCO, July 16, 2019 — The Federal Home Loan Bank of San Francisco announced today that it is extending its deadline for discontinuing its cost of funds indices from early 2020 to early 2021. The Bank plans to continue publishing the 11th District Monthly Weighted Average Cost of Funds Index (COFI) in 2020 and to stop publishing the index after the announcement of the December 2020 COFI in January ...
Thu. Apr 25, 2019

FHLBank San Francisco Announces First Quarter 2019 Operating Results

SAN FRANCISCO, April 25, 2019 — The Federal Home Loan Bank of San Francisco today announced that its net income for the first quarter of 2019 was $104 million, compared with net income of $81 million for the first quarter of 2018. The $23 million increase in net income relative to the prior-year period primarily reflected improvements in net fair value gains and losses associated with derivatives, hedged items, and ...
Tue. Apr 9, 2019

FHLBank San Francisco's Homeownership Programs Help Local Lenders Open Doors for First-Time Homebuyers

SAN FRANCISCO – April 9, 2019 – The Federal Home Loan Bank of San Francisco (FHLBank San Francisco) is providing $9.3 million to fund matching grants for first-time homebuyers, with $8.9 million allocated to its 2019 Workforce Initiative Subsidy for Homeownership (WISH) Program and $400,000 allocated to its 2019 Individual Development and Empowerment Account (IDEA) Program. The WISH and IDEA grants are delivered to eligible homebuyers through the cooperative’s member ...
Wed. Mar 6, 2019

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

SAN FRANCISCO – March 6, 2019 – The Federal Home Loan Bank of San Francisco is pleased to announce the appointment of Holly Benson, Dr. Hilary Lopez, and Takao Suzuki to its Affordable Housing Advisory Council (AHAC) and the reappointment of current AHAC members Diana Yazzie Devine, Donald Falk, and Douglas Shoemaker to new three-year terms. The 15-member AHAC provides the Bank with expert guidance on affordable housing and economic ...
Thu. Feb 21, 2019

FHLBank San Francisco Announces Annual and Quarterly Operating Results

SAN FRANCISCO — February 21, 2019 — The Federal Home Loan Bank of San Francisco today announced its 2018 operating results. Net income for 2018 was $360 million, compared with net income of $376 million for 2017. Net income for the fourth quarter of 2018 was $73 million, compared with net income of $67 million for the fourth quarter of 2017. The $16 million decrease in net income for 2018 ...
Tue. Dec 11, 2018

FHLBank San Francisco Commits $250,000 in Matching Donations for Disaster Relief in Arizona, California, and Nevada

SAN FRANCISCO — December 11, 2018 — The Federal Home Loan Bank of San Francisco is matching the charitable donations of its members to organizations helping victims and communities affected by recent natural disasters and is announcing several changes to expand this effort. The Bank has increased the total amount available for disaster relief matching donations from $150,000 to $250,000, has increased the maximum match per member financial institution from ...
Fri. Dec 7, 2018

FHLBank San Francisco Will Stop Publishing Cost of Funds Indices in Early 2020

SAN FRANCISCO — December 7, 2018 — The Federal Home Loan Bank of San Francisco announced today that it will stop publishing three cost of funds indices early in 2020 because of the significant decline in the number of financial institutions eligible to report the data used to calculate the indices. The Bank will no longer calculate and publish the 11th District Monthly Weighted Average Cost of Funds Index (COFI) ...
Wed. Nov 7, 2018

Federal Home Loan Bank of San Francisco Announces 2018 Director Election Results

SAN FRANCISCO - November 7, 2018 - The Federal Home Loan Bank of San Francisco announced today the results of its 2018 director elections. The Bank’s members re-elected Scott C. Syphax to a nonmember public interest independent director position. Mr. Syphax is Chief Executive Officer of Syphax Strategic Solutions Inc., Elk Grove, California. The Bank’s California members also elected Virginia A. Varela as a California member director. Ms. Varela is ...
Thu. Oct 25, 2018

FHLBank San Francisco Announces Third Quarter 2018 Operating Results

SAN FRANCISCO — October 25, 2018 — The Federal Home Loan Bank of San Francisco today announced that its net income for the third quarter of 2018 was $102 million, compared with net income of $81 million for the third quarter of 2017. The $21 million increase in net income relative to the prior-year period primarily reflected higher net interest income, resulting from a higher interest rate environment, and an ...
Wed. Sep 12, 2018

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

SAN FRANCISCO – September 12, 2018 – The Federal Home Loan Bank of San Francisco has awarded $1.5 million in grants through its 2018 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 advance innovative economic development initiatives and foster community stability and self-sufficiency. The AHEAD ...
Fri. Aug 10, 2018

Federal Home Loan Bank of San Francisco Announces Results of Arizona Member Director Election

SAN FRANCISCO — August 10, 2018 — The Federal Home Loan Bank of San Francisco today announced that incumbent member director Brian M. Riley has been declared re-elected to a new four-year term on the Bank’s board beginning January 1, 2019, and ending December 31, 2022. Mr. Riley is the President and Chief Executive Officer of Mohave State Bank, Lake Havasu City, Arizona. He currently holds the member director position ...
Thu. Jul 26, 2018

FHLBank San Francisco Announces Second Quarter 2018 Operating Results

SAN FRANCISCO — July 26, 2018 — The Federal Home Loan Bank of San Francisco today announced that its net income for the second quarter of 2018 was $104 million, compared with net income of $80 million for the second quarter of 2017. The $24 million increase in net income relative to the prior-year period primarily reflected higher net interest income, resulting from higher average balances of interest-earning assets, and ...
Thu. Jun 28, 2018

FHLBank San Francisco May Stop Publishing Cost of Funds Indices in 2020

SAN FRANCISCO — June 28, 2018 — The Federal Home Loan Bank of San Francisco announced today that it may stop publishing three cost of funds indices in 2020 because of the significant decline in the number of financial institutions eligible to report the data used to calculate the indices. The Bank publishes three cost of funds indices: the 11th District Monthly Weighted Average Cost of Funds Index (COFI), the ...
Tue. Jun 26, 2018

Rep. Dina Titus and FHLBank San Francisco Announce $1.25 Million in Funding for Affordable Housing in Las Vegas

SAN FRANCISCO, June 26, 2018 — The Federal Home Loan Bank of San Francisco (FHLBank San Francisco) and Congresswoman Rep. Dina Titus (NV-1) announced that the representative’s Las Vegas District will receive $1.25 million in Affordable Housing Program (AHP) funding to rehabilitate Archie Grant Park, a 125-unit public housing complex that serves seniors and people with disabilities. “Access to affordable housing remains a serious problem for the most vulnerable in ...
Tue. Jun 26, 2018

Rep. Ruben Gallego and FHLBank San Francisco Announce $400,000 Grant for Innovative Affordable Housing Project in Phoenix

SAN FRANCISCO, June 26, 2018 — The Federal Home Loan Bank of San Francisco (FHLBank San Francisco) and Congressman Rep. Ruben Gallego (AZ-7) announced that the the representative’s Phoenix District will receive a $400,000 Affordable Housing Program (AHP) grant to help build an innovative affordable housing development to serve both senior citizens and adults with Autism Spectrum Disorder (ASD). “This project goes beyond affordable housing — 29 Palms will work ...
Tue. Jun 26, 2018

More Than 5,100 Units of Housing for Lower-Income Families to Be Built or Preserved With Funding From FHLBank San Francisco's Affordable Housing Program

SAN FRANCISCO, June 26, 2018 — The Federal Home Loan Bank of San Francisco (FHLBank San Francisco) awarded $51.2 million in Affordable Housing Program (AHP) grants to 60 projects that will construct or rehabilitate 5,134 units of housing affordable for lower-income families and individuals in six states – Arizona, California, Maryland, Michigan, Nevada, and Texas. Twenty-one FHLBank San Francisco member financial institutions, working in partnership with community-based housing developers, submitted ...
Tue. Jun 26, 2018

House Speaker Nancy Pelosi, Rep. Barbara Lee, Rep. Eric Swalwell, and FHLBank San Francisco Announce $14.3 Million in Grants for Affordable Housing

SAN FRANCISCO, June 26, 2018 — The Federal Home Loan Bank of San Francisco (FHLBank San Francisco), along with Speaker Nancy Pelosi (CA-12) and Congressmembers Barbara Lee (CA-13) and Eric Swalwell (CA-15), announced today that the San Francisco Bay Area will receive $14.3 million in Affordable Housing Program (AHP) grants. The funding was awarded to 15 projects that will increase the supply of affordable housing for lower-income families and individuals ...
Tue. Jun 26, 2018

Rep. Karen Bass, Rep. Jimmy Gomez, and FHLBank San Francisco Announce $7.6 Million in Grants for Affordable Housing

SAN FRANCISCO, June 26, 2018 — The Federal Home Loan Bank of San Francisco (FHLBank San Francisco), along with Congressmembers Karen Bass (CA-37) and Jimmy Gomez (CA-34), announced that $7.6 million* in Affordable Housing Program (AHP) grants have been awarded to nine projects that will increase the supply of affordable housing for lower-income families and individuals in the representatives’ districts. “Right now, Los Angeles is undergoing a homelessness epidemic,” said ...
Tue. Jun 26, 2018

FHLBank San Francisco Awards $65.9 Million in Grants for 70 Affordable Housing Developments in Seven States

SAN FRANCISCO — June 26, 2018 — The Federal Home Loan Bank of San Francisco (FHLBank San Francisco) today awarded $65.9 million in Affordable Housing Program (AHP) grants to 70 projects that will construct or rehabilitate 6,067 units of housing affordable for lower-income families and individuals in seven states – Arizona, Arkansas, California, Nevada, Oregon, Texas, and Washington. In the Western Region, Los Angeles ($10.5 million), San Francisco ($7 million) ...
Thu. May 3, 2018

Pacific Community Ventures Receives $3.2 Million Investment from Quality Jobs Fund to Support Bay Area Small Businesses

OAKLAND, CA – May 3, 2018 – The Quality Jobs Fund, seeded with a $100 million charitable donation from the Federal Home Loan Bank of San Francisco, today announced a $3.2 million investment in Pacific Community Ventures, a nationally recognized CDFI that supports Bay Area small businesses. Pacific Community Ventures (PCV) will leverage this investment into a projected $5 million of loans to small businesses that will create more than ...
Thu. Apr 26, 2018

FHLBank San Francisco Announces First Quarter 2018 Operating Results

SAN FRANCISCO — April 26, 2018 — The Federal Home Loan Bank of San Francisco today announced that its net income for the first quarter of 2018 was $81 million, compared with net income of $148 million for the first quarter of 2017. The $67 million decrease in net income relative to the prior-year period primarily reflected a decline in other income, primarily related to net gains on settlements related ...
Wed. Apr 11, 2018

FHLBank San Francisco Makes $9.5 Million Available to Fund Matching Grants for First-Time Homebuyers

SAN FRANCISCO – April 11, 2018 – The Federal Home Loan Bank of San Francisco (FHLBank San Francisco) is providing $9.5 million to fund matching grants for first-time homebuyers, with $8.9 million allocated to its 2018 Workforce Initiative Subsidy for Homeownership (WISH) Program and $600,000 allocated to its 2018 Individual Development and Empowerment Account (IDEA) Program. Funding for the WISH and IDEA programs is set aside each year from the ...
Wed. Feb 21, 2018

FHLBank San Francisco Announces Annual and Quarterly Operating Results

SAN FRANCISCO — February 21, 2018 — The Federal Home Loan Bank of San Francisco today announced its 2017 operating results. Net income for 2017 was $376 million, compared with net income of $712 million for 2016. Net income for the fourth quarter of 2017 was $67 million, compared with net income of $127 million for the fourth quarter of 2016. The $336 million decrease in net income for 2017 ...
Thu. Feb 15, 2018

FHLBank San Francisco Names Marietta Núñez Community Investment Officer

SAN FRANCISCO – February 15, 2018 – The Federal Home Loan Bank of San Francisco has named Vice President Marietta Núñez Community Investment Officer. She succeeds Jim Yacenda, who retired February 2, 2018. Marietta Núñez joined the Bank in 1998. She launched the Bank's first-time homebuyer matching grant programs, which have delivered over $85 million to help low- and moderate-income families become homeowners. She also designed the Bank’s AHEAD Program ...
Tue. Feb 6, 2018

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

SAN FRANCISCO – February 6, 2018 – The Federal Home Loan Bank of San Francisco is pleased to announce the appointment of David Paull and Anne Wilson to its Affordable Housing Advisory Council (AHAC) and the reappointment of two current AHAC members, Stephen L. Hastings and Tunua Thrash-Ntuk. The 15-member AHAC provides the Bank with expert guidance on affordable housing and economic development issues and helps shape its community grant ...
Wed. Jan 31, 2018

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

SAN FRANCISCO – January 31, 2018 – The Board of Directors of the Federal Home Loan Bank of San Francisco has elected independent director John F. (Jack) Luikart as Chair and member director Brian M. Riley as Vice Chair. John F. (Jack) Luikart has been president of Bethany Advisors LLC, San Francisco, California, since February 2007. He has also been a trustee of four asbestos trusts, including, since 2004, the ...
Fri. Jan 12, 2018

$100 Million Quality Jobs Fund Announces $5 Million Investment in Central Valley Fund to Support Expansion of Quality Jobs in The Region

STOCKTON, Calif — January 12, 2018 — The Quality Jobs Fund, which was created by the Federal Home Loan Bank of San Francisco (FHLBank San Francisco) and is led and managed by the New World Foundation (NWF), today provided its first investment – $5 million to the Central Valley Fund. The Davis-based investment firm provides flexible capital solutions that facilitate the expansion of small- and medium-sized businesses, creating quality jobs ...
Fri. Dec 8, 2017

FHLBank San Francisco's Affordable Housing Program Boosts Jobs, Labor Income, Tax Revenues, and Economic Activity Across the Nation

SAN FRANCISCO – December 8, 2017 – A recent analysis commissioned by the Federal Home Loan Bank of San Francisco (FHLBank San Francisco) shows the significant ripple effect on local economies of its Affordable Housing Program (AHP), which extends far beyond the immediate production of quality affordable housing for low- and moderate-income individuals and families. The analysis, “Beyond Housing: Economic Impact of the Federal Home Loan Bank of San Francisco’s ...
Mon. Dec 4, 2017

Jeffrey K. Ball to Join FHLBank San Francisco Board of Directors

SAN FRANCISCO – December 4, 2017 – The Board of Directors of the Federal Home Loan Bank of San Francisco has selected Jeffrey K. Ball to fill an upcoming vacancy on the board beginning January 1, 2018. Mr. Ball is President, Chief Executive Officer, and Director of Friendly Hills Bank, Whittier, California. The term of this seat ends December 31, 2020. Mr. Ball will replace Richard A. Heldebrant, President and ...
Fri. Nov 24, 2017

2017 Director Election Results

SAN FRANCISCO - November 24, 2017 - The Federal Home Loan Bank of San Francisco announced today the results of its 2017 director elections. The Bank’s members re-elected John F. Luikart and John T. Wasley to nonmember independent director positions. Mr. Luikart is President of Bethany Advisors, LLC, San Francisco, California. Mr. Wasley is a Consultant with Spencer Stuart, Los Angeles, California. The Bank’s California members also elected Marangal (Marito) ...
Thu. Oct 26, 2017

FHLBank San Francisco Announces Third Quarter 2017 Operating Results

SAN FRANCISCO — October 26, 2017 — The Federal Home Loan Bank of San Francisco today announced that its net income for the third quarter of 2017 was $81 million, compared with net income of $291 million for the third quarter of 2016. The $210 million decrease in net income primarily reflected a gain on settlements of $240 million (after netting certain legal fees and expenses) in the prior-year period ...
Tue. Sep 12, 2017

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

SAN FRANCISCO – September 12, 2017 – 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 ...
Thu. Jul 27, 2017

FHLBank San Francisco Announces Second Quarter 2017 Operating Results

SAN FRANCISCO — July 27, 2017 — The Federal Home Loan Bank of San Francisco today announced that its net income for the second quarter of 2017 was $80 million, compared with net income of $63 million for the second quarter of 2016. The $17 million increase in net income primarily reflected a $27 million increase in net interest income related to higher average balances of interest-earning assets, combined with ...
Wed. Jul 5, 2017

Rep. Dennis Ross and Federal Home Loan Bank of San Francisco Announce $1.2 Million Affordable Housing Grant for the Florida 15th Congressional District

LAKELAND, Florida - July 5, 2017 - Rep. Dennis Ross (FL-15) and the Federal Home Loan Bank of San Francisco (FHLBank San Francisco) announced today that a $1.2 million Affordable Housing Program (AHP) grant has been awarded to help finance one Lakeland, Fla., project. In total, FHLBank San Francisco awarded $73.6 million through 20 Bank members in its 2017 funding competition to support 89 affordable housing projects in seven states ...
Sat. Jun 24, 2017

Federal Home Loan Bank of San Francisco Awards $73.6 Million in Grants for 89 Affordable Housing Projects in Seven States

SAN FRANCISCO – June 26, 2017 – The Federal Home Loan Bank of San Francisco (FHLBank San Francisco) awarded $73.6 million in Affordable Housing Program (AHP) grants for targeted affordable housing projects. The grants were awarded through 20 Bank members to 89 projects that will construct or rehabilitate 6,280 units of housing affordable to lower-income families and individuals in seven states – Alabama, Arizona, California, Florida, Nevada, Texas, and Wisconsin ...
Thu. Apr 27, 2017

FHLBank San Francisco Announces First Quarter 2017 Operating Results

SAN FRANCISCO — April 27, 2017 — The Federal Home Loan Bank of San Francisco today announced that its net income for the first quarter of 2017 was $148 million, compared with net income of $231 million for the first quarter of 2016. The $83 million decrease in net income for the first quarter of 2017 relative to the prior-year period primarily reflected a lower gain on settlements relating to ...
Tue. Apr 4, 2017

FHLBank San Francisco Makes $12.5 Million Available to Fund Matching Grants for First-Time Homebuyer

SAN FRANCISCO – April 4, 2017 – The Federal Home Loan Bank of San Francisco (FHLBank San Francisco) is providing $12.5 million to fund matching grants for first-time homebuyers, with $11.3 million allocated to its 2017 Workforce Initiative Subsidy for Homeownership (WISH) Program and $1.2 million allocated to its 2017 Individual Development and Empowerment Account (IDEA) Program. Funding for the WISH and IDEA programs is set aside each year from ...
Tue. Apr 4, 2017

FHLBank San Francisco Makes $12.5 Million Available to Fund Matching Grants for First-Time Homebuyers

SAN FRANCISCO – April 4, 2017 – The Federal Home Loan Bank of San Francisco (FHLBank San Francisco) is providing $12.5 million to fund matching grants for first-time homebuyers, with $11.3 million allocated to its 2017 Workforce Initiative Subsidy for Homeownership (WISH) Program and $1.2 million allocated to its 2017 Individual Development and Empowerment Account (IDEA) Program. Funding for the WISH and IDEA programs is set aside each year from ...
Mon. Apr 3, 2017

FHLBank San Francisco Names Lisa Violet Chief Risk Officer

SAN FRANCISCO – April 3, 2017 – The Board of Directors of the Federal Home Loan Bank of San Francisco has appointed Lisa Violet as Senior Vice President and Chief Risk Officer. Ms. Violet has served in senior roles in governance, risk, and compliance in both the financial services and technology sectors. Before joining the Bank, Ms. Violet was the chief audit executive at Hitachi Data Systems (HDS), where she ...
Tue. Mar 14, 2017

FHLBank San Francisco Names Jan Homan Chief Human Resources Officer

SAN FRANCISCO – March 14, 2017 – The Board of Directors of the Federal Home Loan Bank of San Francisco has appointed Jan Homan as Senior Vice President, Chief Human Resources Officer and Office of Minority and Women Inclusion. Ms. Homan has 30 years of experience as a human resources professional. Before joining the Bank, she served as Head of Human Resources for MACH Energy in Oakland, California, where she ...
Mon. Feb 27, 2017

FHLBank San Francisco Names Greg Ward Director of Internal Audit

SAN FRANCISCO – February 27, 2017 – The Board of Directors of the Federal Home Loan Bank of San Francisco has appointed Greg Ward as Senior Vice President and Director of Internal Audit. Greg Ward Mr. Ward is responsible for managing the Bank’s internal audit function. He joined the Bank in November 2013 as Vice President, Internal Audit, and was promoted to Deputy Director in June 2016. Mr. Ward has ...
Tue. Feb 21, 2017

FHLBank San Francisco Announces Annual and Quarterly Operating Results

SAN FRANCISCO — February 21, 2017 — The Federal Home Loan Bank of San Francisco today announced its 2016 operating results. Net income for 2016 was $712 million, compared with net income of $638 million for 2015. Net income for the fourth quarter of 2016 was $127 million, compared with net income of $57 million for the fourth quarter of 2015. The $74 million increase in net income for 2016 ...
Tue. Feb 14, 2017

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

SAN FRANCISCO – February 14, 2017 – The Federal Home Loan Bank of San Francisco is pleased to announce the appointment of Iosefa Alofaituli to its Affordable Housing Advisory Council (AHAC) and the reappointment of three current AHAC members. The 15-member AHAC provides the Bank with expert guidance on affordable housing and economic development issues and helps shape its community grant and credit programs. Iosefa Alofaituli Iosefa Alofaituli is the ...
Wed. 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 ...
Mon. 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 ...
Thu. 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 ...
Wed. 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 ...
Thu. 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 ...
Fri. 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 ...
Fri. 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 ...
Tue. 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 ...
Tue. 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 ...
Wed. 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 ...
Tue. 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 ...
Thu. 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 ...
Tue. 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 ...
Fri. 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 ...
Thu. 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 ...
Wed. 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 ...
Tue. 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 ...
Mon. 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 ...
Thu. 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 ...
Thu. 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 ...
Thu. 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 ...