The Federal Home Loan Bank of San Francisco has released its 2024 Impact Report, which shines a spotlight on the privately capitalized cooperative wholesale bank’s daily support for local financial institution members; $103.3 million in grants awarded for affordable housing, homeownership, and economic development; robust engagement with stakeholders; and a workforce empowered to meet the evolving needs of its members with agility and impact.
“Our 2024 Impact Report demonstrates the value we deliver to our members and the communities they serve,” said Joseph Amato, interim president of FHLBank San Francisco. “Because of the financial services we provide to our members every day – including advances and letters of credit – we are able to invest directly in programs and initiatives that strengthen communities by increasing the supply of affordable housing, expanding access to homeownership, and fueling economic growth and opportunity.”
In 2024, FHLBank San Francisco partnered with its members to award $103.3 million in grants for housing, economic development programs and other initiatives including:
FHLBank San Francisco members also accessed $1.4 billion in the Bank’s discounted advances and letters of credit products to create nearly 1,100 owner-occupied and 2,900 rental housing units and to support other community lending and economic development activities, including funding small business loans.
Together with its members – primarily community-based financial institutions – FHLBank San Francisco continues to make a positive impact across its three-state district of Arizona, California, Nevada, and other areas where its members do business. To learn more about how FHLBank San Francisco accomplishes its mission of providing members with reliable access to liquidity, essential financial services and expertise, and resources for housing and community and economic development.
Download the full 2024 Impact Report here.
