The Federal Home Loan Bank of San Francisco awarded $30.3 million in Affordable Housing Program (AHP) grants in the first round of the 2009 competition earlier this month. The AHP grants, awarded to 42 projects that address the unique needs of individual communities, will produce 2,558 affordable housing units in Arizona, California, Illinois, Nevada, Texas, and Washington. Senior Housing projects included as part of the grants include:
Alameda County, Fremont, California, – Peralta Senior Housing, $450,00, 98 units
Alameda County, Oakland, California – Harrison Street Senior Housing, $720,000, 72 units
San Francisco County, San Francisco, California – Alabama Street Senior Apartments, $151,517, 24 units
Spokane County, Spokane, Washington - Clare View Seniors, $1,500,000 – 185 units
“Our AHP is a vital part of public-private efforts to build and sustain strong, stable communities, especially in an unstable economy,” said Jim Yacenda, Vice President and Community Investment Officer at the Federal Home Loan Bank of San Francisco. “These grants serve as a catalyst for our members and their community partners to develop creative, effective solutions that give both renters and first-time homebuyers the opportunity to have an affordable place to call home.”
For the full listing, click here.