FHLBank San Francisco Awards $16.5 Million in Grants for Affordable Housing

The Federal Home Loan Bank of San Francisco (FHLBank San Francisco) awarded $16.5 million in Affordable Housing Program (AHP) grants in the first round of its 2012 AHP funding competition. The grants were awarded through 20 Bank members to 34 projects that will produce or preserve 1,573 units of housing affordable to lower-income individuals and families in Arizona, California, Colorado, Idaho, and Illinois. The AHP is a flexible source of gap funding for projects that offer an affordable place to call home to low-income and moderate-income families, seniors, veterans, young people transitioning out of the foster care system and other at-risk youth, people with disabilities, individuals struggling to overcome addiction, and homeless men, women, and children.

MarketWatch

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