FHLBank San Francisco Awards $18.5 Million for Affordable Housing Initiatives in Eight States

The Federal Home Loan Bank of San Francisco (FHLBank San Francisco) awarded $18.5 million in Affordable Housing Program (AHP) grants in the second round of its 2012 AHP funding competition. The grants were awarded through Bank members to 38 projects that will produce or preserve 2,018 units of housing affordable to lower-income individuals and families in Arizona, California, Georgia, Iowa, Nevada, New York, Pennsylvania, and Texas.

The AHP is a flexible source of gap funding for projects that create an affordable place to call home for low-income and moderate-income families and individuals. Grants awarded in 2012 Round B, ranging from $22,500 to $1 million per project, will support a wide range of targeted projects.

–  Herald Online

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