FHLBank San Francisco is a member-owned cooperative wholesale bank founded in 1932. It is one of 11 regional banks in the Federal Home Loan Bank System, serving member financial institutions - including community banks and credit unions - across Arizona, California, and Nevada. The bank provides its members with reliable access to low-cost liquidity and essential financial services.
Beyond wholesale banking, FHLBank San Francisco operates as one of the nation's largest private providers of affordable housing grants, disbursing millions annually through partnerships with member institutions. Its grant and subsidy programmes include the Affordable Housing Program (AHP), the Workforce Initiative Subsidy for Homeownership (WISH), the AHEAD economic development grants, and a Middle-Income Downpayment Assistance programme.
The bank is structured as a cooperative, governed by and accountable to its member institutions. Its work spans housing finance and community development, with a focus on supporting homeownership and economic vitality in the communities its members serve.