AHP and WISH/IDEA Updates

December 31, 2021

The following Implementation Plan changes are effective January 1, 2022.

WISH/IDEA Homeownership Set-Aside Program

The Bank will consolidate the two homeownership down-payment assistance programs and will not allocate any separate AHP funds to the IDEA program after December 31, 2021. The Bank has ensured that any potential homebuyers planning to access IDEA funds will be able to access WISH funds when they are ready to purchase a home. 

AHP General Fund Application

The following changes to the 2022 AHP General Fund competition are also effective January 1.

  1. Decrease the maximum subsidy a project may request from $1.25 million to $1 million (Section II. B. 2. C.)
  2. Revise the Construction Cost per Square Foot benchmark to allow the Bank to use its own portfolio and other construction cost data, in addition to RS Means estimates, in determining reasonable costs. (Attachment A - Exhibit 1)
  3. Increase the Developer Fee benchmark to 15% of total residential development costs and remove developer fee and capitalized reserves from the calculation of total residential development costs. (Attachment A - Exhibit 1)
  4. Adjust the Operating Cost Per Unit Per Year benchmark limit for projects in the San Francisco Bay Area (SF Bay Area) and Los Angeles Metro Area (LA Metro)* to between $5,000 and $10,000 per unit per year. (Attachment A - Exhibit 1)
  5. Remove the Partnership Management Fee benchmark. (Attachment A - Exhibit 1)
  6. Revise the Targeting scoring category to add income-qualification guidance for occupied rental rehabilitation projects. (Attachment B, Section IV.)
  7. Revise the Housing for Homeless Households category to clarify the definition of "transitional housing." (Attachment B, Section V.)
  8. Remove the ability for projects to score points in both the Housing for Homeless Households and Housing for Special Needs Populations scoring categories. (Attachment B, Sections V. and VI.)
  9. Revise several Community Stability subcategories to clarify scoring criteria and documentation. (Attachment B, Section X)
  10. Clarify scoring requirement for Development on an Infill Site.
  11. Clarify documentation requirements for Adaptive Reuse of Non-residential Buildings or Structures.
  12. Revise the scoring criteria for Demolition of Vacant, Abandoned, or Substandard Buildings to give credit to large-scale transformative projects where a public agency has completed demolition and require that this type of demolition be completed within the previous five years. 
  13. Define criteria for an acceptable plan area under Community Revitalization or Economic Development Strategy.
  14. Clarify that transit agency route maps are required documentation for Proximity to Transit and Amenities. 
  15. Add Silver State Sustainable Home certifications as a means to receive 1, 2, or 3 points for Sustainable Developments.
  16. Clarify documentation requirements for location in high resource areas or upper income census tracts for Homeownership and Economic Integration.
  17. Clarify language for mitigated displacement when a relocation plan and its components are required under Preventing or Minimizing Household Displacement.
  18. Add as a new Bank District Priority, a Native Housing scoring category worth 5 points. (Attachment B, Section XI.)
  19. Reduce the Subsidy per Unit scoring category by 5 points. (Attachment B, Section XI.)

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.


* SF Bay Area includes the following nine counties: San Francisco, Solano, Alameda, Napa, Sonoma, Marin, Contra Costa, San Mateo and Santa Clara. LA Metro includes the following five counties: Los Angeles, Ventura, Orange, Riverside and San Bernardino.