FHLBank San Francisco is a member-owned cooperative wholesale bank founded in 1932 and one of 11 regional institutions in the Federal Home Loan Bank System. It serves financial institutions - including community banks, credit unions, and other lenders - across Arizona, California, and Nevada, providing low-cost liquidity and a range of financial services that help members extend credit, support homeownership, and invest in their communities.
The bank also functions as one of the nation's largest private providers of affordable housing grants. It channels funding through several programs, including the Affordable Housing Program (AHP), the Workforce Initiative Subsidy for Homeownership (WISH), Middle-Income Downpayment Assistance, and AHEAD economic development grants. These vehicles support the creation and preservation of affordable housing and broader community development across its three-state service area.
As a cooperative, FHLBank San Francisco is owned by its member institutions, which shapes its orientation toward partnership and shared mission rather than outside shareholder returns. Its work sits at the intersection of wholesale finance, housing policy, and community investment.
