The Federal Home Loan Bank of San Francisco (FHLBank San Francisco) announced a $10 million investment in a Freddie Mac bond issuance that will support the continuing affordability of 436 housing units for low-income residents in Phoenix.
The new investment follows other financial output from FHLBank San Francisco to help develop affordable housing in its region, including $6.7 million in Affordable Housing Program (AHP) grants recently awarded for projects in Arizona that will create over 200 units of housing for lower-income families and individuals across the Copper State in Flagstaff, Prescott, Tucson, and at two sites on the Tohono O’odham Nation Reservation. These grants are part of the nearly $50 million in AHP grants awarded in the 2025 funding competition through the AHP General Fund and the AHP Nevada Targeted Fund.
“We are proud to be able to support these much-needed affordable housing units by investing in mission-consistent securities that benefit people and communities in our region,” said Joe Amato, interim president and CEO of FHLBank San Francisco. “Consistent with our commitment to provide reliable low-cost liquidity to our members and deliver resources to support affordable housing and community investment, we will continue to seek opportunities to invest in preserving the affordability of housing in Arizona and in other communities we and our members serve.”
