Federal Home Loan Bank of San Francisco

Congratulations to People's Self-Help Housing and the City of Santa Paula on the grand opening of People's Place! This new development will provide #AffordableHousing to families and farmworkers, with 11 units for extremely low-income households, in an area known as the "Citrus Capital of the World" for its abundant lemon, orange and avocado groves🍊. We are proud to have provided a $1M Affordable Housing Program (AHP) grant awarded in partnership with our member Montecito Bank & Trust. #AHPgrant #California #Housing

Federal Home Loan Bank of San Francisco has announced financials for Q3 2024, which includes a net income of $102 million. We're proud of our continued efforts with stakeholders to close #homeownership gaps, provide technical assistance, and address housing affordability and economic development in our region Earlier this month we awarded AHEAD economic development grants, which provided $7.3 million in funding to 84 organizations dedicated to capacity building, creating #job opportunities, and servicing community needs across Arizona, California, and Nevada. 📰 Read the full earnings release on our website. https://lnkd.in/gRP4QXRy #Q32024 #ThirdQuarterFinancials #FHLBankSF

We were pleased to connect with our #CDFI members and industry leaders at this year's Opportunity Finance Network Conference. During panels and smaller sessions, we explored ways to deepen engagement between Federal Home Loan Bank of San Francisco and community development financial institutions, such as our improved financing terms for CDFIs and HFAs announced earlier this week. One highlight was the panel featuring California Community Reinvestment Corporation President & CEO, Tia Boatman Patterson, Esq., Daniel Elkin, Mary Scott Balys, and Jonathan Welty. They discussed the current momentum around CDFI and FHLBank partnerships and the potential for future advocacy. Conversations like these reinforce the incredible impact we can have in transforming communities through collaboration and innovation. We look forward to strengthening these partnerships and continuing to empower communities through affordable housing and economic development initiatives. #OFN40 #CDFIs #AffordableHousing #FHLBankSF #CommunityDevelopment

We’re excited to announce FHLBank San Francisco joined the Bay Area Council! As a committed leader in the Bay Area and our hometown of San Francisco, we’re proud to align with a network of businesses and civic leaders who share our goal of building up economic growth, #innovation, sustainability, and #community vitality for the 7.8 million residents who call this region home. By partnering with the Bay Area Council, we aim to further our impact by leveraging our expertise to drive new #housing supply, community revitalization projects, and economic opportunities for the people and local businesses that make the Bay Area thrive. #FHLBankSF #BayAreaCouncil #CommunityDevelopment #AffordableHousing #EconomicGrowth

We are deepening our support for our community development financial institutions and housing finance agencies! Our new, improved terms for #CDFIs and #HFAs aim to increase capital and liquidity available for low-income and underserved communities. “We have spent significant time listening to our CDFI members and analyzing ways we can expand our relationships with CDFIs and HFAs, working together toward a shared mission of advancing economic opportunity and affordable housing,” said our President and CEO Alanna McCargo. The main funding enhancements include: ⬆️Increased credit terms from 5 years to up to 20 years on collateral, including Low Income Housing Tax Credit (LIHTC) properties, for non-depository CDFIs 🫴Improved borrowing availability on posted collateral 📈HFA program limits increased from $250 to $500 million We’ll share more as we join CDFIs and HFAs this week at the annual Opportunity Finance Network Conference in Los Angeles, the largest annual gathering of CDFIs. 💙We look forward to collaborating and celebrating the work CDFIs and HFAs do to expand #EconomicOpportunity, affordable housing, and #homeownership in the communities they serve! Read the full story on our newsroom: https://lnkd.in/gKY-rvBs #OFN40 #CDFIs #SocialImpact #HousingFinance #HFAs

We appreciate HousingWire and the Council of FHLBanks highlighting the FHFA’s report on how the Federal Home Loan Bank System prioritizes #AffordableHousing investments. At FHLBank San Francisco, we’re proud of our impact. In addition to our #AHP grants, which support the creation and preservation of affordable housing across CA, AZ, and NV, we continue to expand our voluntary grant initiatives. For instance,in 2023-2024, we allocated $30 million in grants for a new voluntary down payment assistance program targeted to those earning from 80% up to 140% of area median income in our high-cost district. We also announced a $1 million in voluntary grant program to address affordable housing needs in Tribal Nations throughout our district. Thanks to HousingWire for sharing how the FHLBank System as a whole is delivering on our mission to expand affordable housing and economic development opportunities. Council of Federal Home Loan Banks Federal Housing Finance Agency #CommunityInvestment #AffordableHousing #AHPgrants

📢 Check out this informative video from our member Golden 1 Credit Union explaining how our WISH Program helps make homeownership more attainable for low- to moderate-income families. 🏠The journey to #homeownership can take extraordinary hard work, diligent saving, and persistence for those working hard to achieve the American dream. Through WISH, eligible first-time #homebuyers can receive a 4-to-1 matching grant delivered directly to them by our member financial institutions. ▶️ Watch the video to learn more, and view the list of participating members on our website. https://lnkd.in/gAsh49_p Our member financial institutions can submit a request to participate in the WISH Program through March 14, 2025. #AffordableHousing #Homeownership #FHLBankSF #CommunityInvestment #WISHProgram

Congratulations, Anabel Cuevas! Our very own Associate Director of Public Affairs has been recognized as one of the "Latinos in Finance" for 2024 by Latino Leaders Magazine! "As a first-generation college graduate, this recognition is especially meaningful, reflecting my journey and our community’s progress in finance and housing," Anabel says.   At FHLBank San Francisco, Anabel works to engage and educate members of Congress on our #liquidity and #housing mission. "Working on initiatives that support Latino homeownership is particularly rewarding, especially seeing the positive impact our affordable housing projects have had on both my hometown and my current community," she says.   We are proud of Anabel's accomplishments and her dedication to #AffordableHousing, and grateful for all that she does to advance the important work we do at FHLBank San Francisco. Check out her feature in Latino Leaders Magazine to learn more about her incredible journey and contributions. #HispanicHeritageMonth #LatinosInFinance #FHLBankSF #Homeownership

Over 20 years we've awarded $33.1 million in AHEAD grants to 1,000 economic vitality projects in Arizona, California, and Nevada. Today, we're excited to announce our 2024 AHEAD grant recipients. This year's 84 grants, distributed by our members, will help support: 👩🌾local farmers ✅ job-seekers 💡tribal entrepreneurs and many more in our local communities. With an 82% increase in funding over last year's cycle, we’re committed to fostering economic growth through innovative community development initiatives. We are grateful for the continued collaboration with our member institutions, including 10 new members who are participating in this program for the first time! ➡️ Visit our newsroom to learn more about these incredible projects and the difference they’re making in our communities. https://lnkd.in/gXwUZXrF #AHEADProgram #CommunityDevelopment #SmallBusinessGrowth #EconomicGrowth #FHLBankSF #CDFIs #Nonprofits Local First Arizona Arizona Financial Credit Union California FarmLink Bank of the Sierra NEVADA HOSPITALITY FOUNDATION

We recognize the transformative role banks and Community Development Financial Institutions (#CDFIs) play in fostering #EconomicGrowth and supporting local communities. That's why we were thrilled to host speakers from leading financial institutions at our offices in San Francisco as part of the AAREP Bay Area - African American Real Estate Professionals speaker series. We’re dedicated to supporting our #CDFI members as they work to create thriving communities, and we’re excited to spotlight innovative funding methods that empower developers and local businesses with actionable strategies and pathways for success. Together, we’re building stronger, more resilient neighborhoods. Big thanks to our dynamic panelists, Will Jackson (U.S. Bank), Nikki A. Beasley (Richmond Neighborhood Housing Services, Inc.), Lena Robinson (FHLBank San Francisco) R. Lee Farmer (Non-profit Finance Fund) and Maggie O'Sullivan, CTP of JPMorganChase. #CDFI #CommunityDevelopment #AffordableHousing #FHLBankSF #EconomicGrowth #BayArea