Affordable Housing Program In Arizona
July 5th, 2010 | 
Author: 
Great news in the State of Arizona there are six Arizona cities are set to benefit from affordable housing grants from the Federal Home Loan Bank of San Francisco.
The bank awarded $32.5 million in Affordable Housing Program grants in the first round of its 2010 funding competition. The grants approved by the bank’s board went to 60 projects that address the diverse affordable housing needs for communities in Arizona, California, Illinois, Nevada, Oklahoma, Texas and Washington. The grants will produce or preserve 3,375 housing units that are affordable to lower-income individuals and families.
Camp Verde, Flagstaff, Phoenix, San Luis, Surprise and Tucson will benefit from AHP funds, for mls listings in the state of Arizona go to Arizona Homes for sale.
Through a competitive application process, the bank’s AHP awards grants to assist in the purchase, construction or rehabilitation of housing for lower-income households. The bank’s member financial institutions, working in partnership with community-based housing sponsors or developers, submit applications for specific projects and programs twice a year.
The Federal Home Loan Bank of San Francisco delivers low-cost funding and other services to help member financial institutions make home mortgages to people of all income levels and provide credit that supports neighborhoods and communities.
The bank also funds community investment programs to help members create affordable housing and promote community economic development. The bank members, shareholders and customers are commercial banks, credit unions, savings institutions, thrift and loans, and insurance companies headquartered in homes for sale in Arizona, California and Nevada
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