Affordable Housing Program Implementation Plan 1 The Federal Home Loan Bank of San Francisco Bank has established an Affordable Housing Program AHP pursuant to Section 21 of the Financial Institutions Reform Recovery and Enforcement Act of 1989 to assist in financing affordable housing for very low low and moderate income individuals This Implementation
Affordable Housing Program Implementation Plan Table of Contents I INTRODUCTION This is done through the Affordable Housing Program AHP The program is governed by regulations of the Federal Housing Finance Agency Finance Agency at 12 CFR 1291 Regulation
Affordable Housing Program Implementation Plan
Affordable Housing Program Implementation Plan
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2023 AFFORDABLE HOUSING PROGRAM IMPLEMENTATION PLAN AND POLICIES T ABLE OF C ONTENTS I Purpose Policy Statement Affordable Housing Program Overview A Plan Elements 1 The applicable median income standards adopted by the Bank areconsistent with the definition of median income for the area 2021 AHP Implementation Plan Page 2 2021 Affordable Housing Program Implementation Plan and Policies July 23 2021 Classification Public For initiatives funded with housing tax credits the income eligibility for recipient households in those projects shall be based on Multifamily Tax Subsidy Program MTSP
The Affordable Housing Program compliance monitoring can be found in Attachment C 12 The Bank s requirements including time limits for re use of repaid AHP direct subsidy in During the January FHLBank Indianapolis Board of Directors meeting the directors approved the 2024 Affordable Housing AHP Implementation Plan which is now posted on our website Changes were made to the Competitive Affordable Housing Program AHP and Homeownership Initiatives Setasides An overview of the changes made to the programs are
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The AHP regulation establishes a maximum per household subsidy limit of 22 000 per household for a FHLBank s Homeownership Set Aside Programs subject to upward adjustments of the subsidy limit on an annual basis in accordance with increases in FHFA s House Price Index HPI 4 The Bank s AHP consists of a General Fund a Targeted Fund and one Homeownership Set Aside program as described in this Implementation Plan References in the Implementation Plan to the Bank s AHP shall mean the General Fund the Targeted Fund and the Set Aside program unless otherwise stated As required by statute
2024 Targeted Community Lending Plan Affordable Housing Needs Assessment This Implementation Plan the Plan sets forth certain policies procedures guidelines and requirements applicable to the Affordable Housing Program AHP of the Federal Home Loan Bank of Chicago the Bank as required by Part 1291 of the Code of Federal Regulations governing the AHP 12 C F R Part 1291 Regulations
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https://fhlbsf.com/sites/default/files/2023-12/2024%20AHP%20Implementation%20Plan.pdf
1 The Federal Home Loan Bank of San Francisco Bank has established an Affordable Housing Program AHP pursuant to Section 21 of the Financial Institutions Reform Recovery and Enforcement Act of 1989 to assist in financing affordable housing for very low low and moderate income individuals This Implementation
https://www.fhlb-pgh.com/Files/Resources/2024-Implementation-Plan.pdf
Affordable Housing Program Implementation Plan Table of Contents I INTRODUCTION
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Affordable Housing Program Implementation Plan - Charged in the same way as under the Section 8 program if the rent was in compliance with this definition at the time of the household s initial occupancy and the household continues to be assisted through the Section 8 or another assistance program respectively AHPffordable Housing Program A AHP Agreement
