The Federal Home Loan Bank of San Francisco (FHLBank San Francisco) is allocating $66.3 million in Affordable Housing Program (AHP) grants that will support 45 affordable housing developments across Arizona, California and Nevada.
This year’s AHP awards represent an increase over 2025’s activity, with $16.6 million more in funding supporting 14 additional developments and approximately 850 more affordable homes across the bank’s three-state region. The grants were awarded through the bank’s 2026 AHP funding competition, which drew 125 applications from member financial institutions, and nearly 2,900 homes for low-income households will be financed with the grand funds.
“At FHLBank San Francisco, we work closely with our member financial institutions to support solutions that increase the supply of affordable housing across Arizona, California, and Nevada,” said Winthrop Watson, interim president and CEO of FHLBank San Francisco. “Through these partnerships, we help provide reliable funding for the production and preservation of affordable housing, expanding housing opportunity and helping more individuals and families access an affordable, stable place to call home.”
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