FHLBank San Francisco WISH Program (Workforce Initiative Subsidy for Homeownership)

What is FHLBank San Francisco WISH Program (Workforce Initiative Subsidy for Homeownership)?

FHLBank San Francisco WISH Program (Workforce Initiative Subsidy for Homeownership) is a grant for homebuyers in California.

• 4-to-1 matching grant up to $32,837 (2025 FHFA maximum) for eligible low-income first-time homebuyers. $12M allocated for 2025. Delivered through FHLBank SF member financial institutions. Funds applied to down payment and closing costs. Must be at or below 80% AMI.
• Up to $32,837 in assistance.
• Funding comes from Federal Home Loan Bank.

Do you have to pay it back?

FHLBank San Francisco WISH Program (Workforce Initiative Subsidy for Homeownership) is structured as a grant, so it is not repaid.

• Repayment is triggered by Repayable if not owner-occupied within specified period.
• The assistance is recorded in Second position.
• Forgiveness and repayment terms are set by the program and can change — confirm them on the official program page before applying.

Who qualifies?

FHLBank San Francisco WISH Program (Workforce Initiative Subsidy for Homeownership) is open to first-time homebuyers and buyers who will live in the home as their primary residence.

What are the income limits?

FHLBank San Francisco WISH Program (Workforce Initiative Subsidy for Homeownership) limits household income to 80% of the area median income, which varies by county and household size.

• 80% AMI; 4-person limit ~$99,650 (2026 CA statewide estimate).
• The limit applies to total household income, not only the borrower’s.
• The program lists a maximum household size of 8.
• Area median income figures are published by HUD and updated annually, so check the current table for the county before relying on a number.

What kind of home can it be used for?

FHLBank San Francisco WISH Program (Workforce Initiative Subsidy for Homeownership) caps the purchase price as follows: Contact program for current purchase price limits.

• Eligible property types include Single-family (1-4 unit), FHA-approved condominium, townhome/PUD.
• New construction is eligible.
• Manufactured homes are not eligible.

Where does it apply?

FHLBank San Francisco WISH Program (Workforce Initiative Subsidy for Homeownership) serves buyers purchasing anywhere in California.

How do you apply?

Applications for FHLBank San Francisco WISH Program (Workforce Initiative Subsidy for Homeownership) go through the administering agency, which publishes the current terms and the application steps on its own site.

1. 1

   Take a homebuyer education course

   Required by the program, through HUD-approved homebuyer counseling required.

2. 2

   Contact the administering agency to reserve funds

   Funds are reserved through Contact provider directly; subject to funding availability, and are subject to availability.

3. 3

   Work with a lender who handles the program

   Hey Prescott is not a lender and does not accept applications; this page describes the program so a buyer can take it to a lender or housing counselor.