FHLBank San Francisco Awards $44.7 Million in Affordable Housing Grants; San Francisco, San Jose, Sacramento, Oakland, and 49 other cities benefitAwards announced at U.S. Conference of Mayors will support 64 projects that will produce or preserve housing for more than 4,000 low-income and moderate-income families and individuals

 The Federal Home Loan Bank of San Francisco (FHLBank San Francisco) awarded $44.7 million in Affordable Housing Program (AHP) grants, including significant funds for four Northern California cities: San Jose ($2.6 million), San Francisco ($2.4 million), Sacramento ($900,000), and Oakland ($468,000).  

The2015 grants,were announced at the U.S. Conference of Mayors annual meeting in San Francisco. The AHP, which is celebrating its 25th anniversary this year, is a flexible source of gap fu...