Jan 3 2013
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, including:
- New construction of rental housing for low-income families, seniors, the formerly homeless, or individuals and households with special needs
- Adaptive reuse of vacant schools, hotels, and medical facilities to create affordable apartments
- Building of Habitat for Humanity homes
- Sustainable developments that will be LEED Certified or GreenPoint Rated
- Permanent supportive housing with services for veterans, including senior veterans, female veterans, and veterans with large families
“Once again, many of the homes and developments selected to receive AHP funds in this round will meet needs that can’t be satisfied by a roof alone. They will provide supportive services to troubled veterans, offer accessibility to seniors or people with disabilities, give working people housing options where the work is, allow families to get to know their future neighbors by building their own homes together, or help safeguard our natural resources by building with sustainable methods and materials,” said Jim Yacenda, Vice President and Community Investment Officer at FHLBank San Francisco. “The Bank recognizes that not just the 38 awarded projects here, but all 123 partnership-driven projects that applied for funds in the round, represent extremely thoughtful solutions to the familiar ‘who, what, and how’ challenges that efforts to create affordable housing regularly face.”
The communities that will benefit from AHP funds awarded in the 2012 Round B grant competition are:
- Arizona: Avondale, Clarkdale, Cottonwood, Phoenix, Tucson
- California: Anaheim, Bakersfield, Chico, Foster City, Greenfield, Hayward, Huron, Loma Linda, Los Angeles, Madera, Mecca, Modesto, Petaluma, Redding, San Jose, Scotts Valley, Simi Valley, Solvang, Sylmar, West Hollywood
- Georgia: Ashburn
- Iowa: Marshalltown
- Nevada: Carson City, Las Vegas
- New York: Jamaica (Queens)
- Pennsylvania: Edinboro
- Texas: Austin
Details about all the projects awarded AHP subsidies are available on the Bank’s website at fhlbsf.com.
Source: http://fhlbsf.com/