2021 AHP Implementation Plan Revisions

June 1, 2021

The Bank’s AHP Implementation Plan has been updated to remove language that was relevant prior to the amended AHP regulation in 2018. The following changes are effective immediately. 

  1. Removed reference to “sponsors actions and omissions” (Section II.H.4.)
  2. Removed requirement: “In the case of rehabilitation of a unit currently occupied by the owner where there is no loan closing, the retention period must begin the date upon which all subsidy has been disbursed to the homebuyer.” (Attachment C, Section II.2.c.)

The revised IP is available on the Resources page of our website. A redline version of the IP outlining the changes is also available for your reference. 

For questions about the Implementation Plan, please email ahp@fhlbsf.com.