Articles from Federal Home Loan Bank of San Francisco

Since 1990, FHLBank San Francisco has awarded a total of over $1.4 billion in grants, in partnership with its members, to construct, preserve, or purchase nearly 155,000 affordable homes

SAN FRANCISCO, June 04, 2025 (GLOBE NEWSWIRE) -- The Federal Home Loan Bank of San Francisco (FHLBank San Francisco) today released its 2024 Impact Report, which shines a spotlight on the privately capitalized cooperative wholesale bank’s daily support for local financial institution members; $103.3 million in grants awarded for affordable housing, homeownership, and economic development; robust engagement with stakeholders; and a workforce empowered to meet the evolving needs of its members with agility and impact.

SAN FRANCISCO, Jan. 30, 2025 (GLOBE NEWSWIRE) -- The Federal Home Loan Bank of San Francisco (FHLBank San Francisco) announced today that its Board of Directors and Chief Executive Officer Alanna McCargo have jointly determined that effective immediately Ms. McCargo will step down as President and CEO. She will transition into a new role as Special Policy Advisor, working directly with the Chair of the Board of Directors, and will be returning to Washington, D.C.

FHLBank San Francisco will match donations made by its member financial institutions to aid wildfire recovery and provide immediate support to front line relief efforts in impacted communities

84 nonprofit organizations to each receive up to $100,000 in grants in the AHEAD Program’s 20th year

FHLBanks Are One of the Largest Private Affordable Housing Grant Providers in the U.S., Delivering More Than $8 billion in Funding Since 1990

McCargo Brings Decades of Experience in Housing Finance, Community Development, and Financial Services

The country's most diverse and culturally rich district faces pressing challenge in housing affordability

SAN FRANCISCO, Feb. 20, 2024 (GLOBE NEWSWIRE) -- The Federal Home Loan Bank of San Francisco commends Congressman Steven Horsford's (NV-04) unwavering commitment to closing the racial wealth gap and promoting homeownership opportunities for all communities. Horsford, the Chair of the Congressional Black Caucus, spoke at the Bank’s Innovations in Mortgage Finance Symposium and celebrated the Bank’s announcement to accept VantageScore 4.0 for mortgage collateral originated by its lenders.

FHLBank San Francisco Member Financial Institutions Can Now Originate More Loans for Underserved Borrowers to Close the Racial Homeownership Gap

New voluntary grant program will create necessary infrastructure to propel much needed affordable housing development for Native American Tribes

Nevada faces a pressing challenge in housing affordability, having one of the lowest number of available affordable rental units in the nation

SAN FRANCISCO, Oct. 04, 2023 (GLOBE NEWSWIRE) -- With racial inequity at a crisis level in the United States, the Federal Home Loan Bank of San Francisco (FHLBank San Francisco) has released a package of recommendations for updating the housing ecosystem to close the racial homeownership and wealth gaps.

Matching Donations from Member Financial Institutions to Provide Up to $4 Million to Help Expand Black Homeownership and Increase Generational Wealth

$4 Million 2023 Program Allocation Represents Doubling of Funding Over Previous Year 

FHLBank San Francisco Provided $1 Million Affordable Housing Grant to Create 122 Residences

SAN FRANCISCO, Aug. 07, 2023 (GLOBE NEWSWIRE) -- Speaking at the 75TH annual convention of the National Association of Real Estate Brokers (NAREB) in Houston last week, Teresa Bryce Bazemore, President and CEO of the Federal Home Loan Bank of San Francisco (FHLBank San Francisco), credited the organization with playing a critical role in advancing homeownership for African Americans, and other families in marginalized communities across the country.         

SAN FRANCISCO, Aug. 02, 2023 (GLOBE NEWSWIRE) -- The Federal Home Loan Bank of San Francisco announced today that its board of directors has formed a Search Committee, chaired by Director Brian Riley, to identify a new Bank president and chief executive officer to commence in the role at the end of Teresa Bryce Bazemore’s term, which is expected to occur on March 14, 2024.

FHLBank San Francisco CEO Delivers Keynote on Racial Equity in Homeownership at African American Credit Union Coalition Annual Conference

Projects Offer Affordable Housing Solutions for Arizona’s Seniors

California's Affordable Housing Crisis Exacerbated by Highest Rental Rates in the Country

First of Its Kind State Targeted Fund Reinforces Commitment to Addressing Housing Crisis in Nevada

2023 AHP General Fund and Nevada Targeted Fund Grants Awarded to 38 Vital Projects in Partnership with Member Financial Institutions in Arizona, California, and Nevada

Project Holds Groundbreaking Yesterday in Step to Expand Affordable Housing for Vets

Applications Submitted by 27 Member Financial Institutions for Projects in Arizona, Arkansas, California, Illinois, and NevadaAll 16 Grant Applications Previously Submitted by Silicon Valley Bank to be Sponsored by Seven Members

Experts propose enhancements to financial literacy and downpayment assistance as potential solutions

Bank hosts Sacramento Homeownership Solutions Summit to solve critical housing issues

Research from the Urban Institute and FHLBank San Francisco examines the role of educational debt in widening the racial homeownership gap

Empowering Black Homeownership Program matched funds the Bank’s member financial institutions donated to housing counseling organizations serving communities of color