The Federal Home Loan Bank of San Francisco (FHLBank San Francisco) announced it will allocate up to $45.7 million in voluntary grant funding for 2026, doubling its voluntary contribution rate from approximately 5% to 10% of prior-year net income.
For the fourth consecutive year, the bank will make an enhanced commitment of approximately 5% of its 2025 net income—$23.2 million—toward voluntary community investment programs.
The bank’s board of directors also approved an additional $22.5 million voluntary mission contribution to its 2026 Affordable Housing Program (AHP). Together, these voluntary contributions total approximately 10% of the Bank’s 2025 net income, double last year’s voluntary funding rate of 5%.
This increased commitment is designed to expand the bank’s support for affordable housing supply, homeownership opportunities, and community development across its three-state district of Arizona, California, and Nevada.
“These enhanced voluntary commitments reflect the Board’s confidence in our strong financial foundation and our mission to help address the region’s urgent housing and economic challenges,” said Winthrop Watson, interim president and CEO of FHLBank San Francisco. “Our financial strength is allowing us to take additional action for our members and their communities.”
