February 22, 2011 – (RealEstateRama) — The Federal Home Loan Bank of San Francisco (FHLBank San Francisco) awarded $36.6 million in Affordable Housing Program (AHP) grants in the second round of its 2010 funding competition. The grants approved by the Bank’s Board of Directors in AHP Round B were awarded to 60 projects that address the affordable housing needs of communities in Arizona, California, Colorado, Illinois, Michigan, Nevada, New Jersey, and Washington, and will produce or preserve 3,213 housing units that are affordable to lower-income individuals and families. The total amount of AHP funds awarded in 2010 is $69.1 million.
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