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FHLBank San Francisco's Affordable Housing Initiatives
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Federal Home Loan Bank of San Francisco and Congresswoman celebrate the grand opening of Washington View Apartments in Los Angeles, with over 122 newly built residences for senior citizens and formerly unhoused residents. FHLBank San Francisco awarded a $1 million grant to support the project, which received a 2023 California Preservation Design Award for Reconstruction. The bank has deployed over $1.4 billion in Affordable Housing Program (AHP) grants since 1990. FHLBank San Francisco also granted over $26 million in AHP grants to fund 30 projects in California, Arizona, and Nevada, creating 2,420 units of affordable housing.
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How can the Federal Home Loan Bank of San Francisco further contribute to addressing the affordable housing crisis in California and beyond?
How might the deployment of large-scale affordable housing grants impact the local economies and communities in which these projects are implemented?
What are the potential challenges and benefits associated with enabling renters to establish credit scores through rent reporting?
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