SAN FRANCISCO—The Federal Home Loan Bank of San Francisco (FHLBank San Francisco) has awarded $35 million in Affordable Housing Program (AHP) grants in 2012, funding that will support 72 projects in 11 states. Rep. Brad Sherman (D-San Fernando Valley) announced the grants and received the FHLBank San Francisco's prestigious "Friend of Affordable Housing Award" during a ceremony in Canoga Park.
"We are pleased to make these grants available to expand the supply of affordable housing and give families and individuals more housing options," said Lawrence H. Parks, Senior Vice President, External and Legislative Affairs, FHLBank San Francisco. "At a time when it is very difficult for community developers to finance affordable housing projects, our AHP grants are making a difference by helping to fill the void."
Mr. Parks applauded Rep. Sherman for his efforts to expand housing opportunities for working families during his time in Congress.
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David Phillips
David Phillips is a Chicago-based freelance writer and consultant with more than 20 years experience in business and community news. He also has extensive reporting experience in the food manufacturing industry for national trade publications.
