San Francisco, CA – June 8, 2011 – (RealEstateRama) — The Federal Home Loan Bank of San Francisco (FHLBank San Francisco) awarded $28.4 million in Affordable Housing Program (AHP) grants in the first round of its 2011 funding competition. The grants approved by the Bank’s Board of Directors in AHP Round A were awarded to 45 projects that address the diverse housing needs of communities in Arizona, California, Illinois, Nevada, Pennsylvania, Texas, and Washington, and will produce or preserve 2,787 housing units that are affordable to lower-income individuals and families.
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