FHLBank San Francisco invests $53M in Fannie Mae bond

The Federal Home Loan Bank of San Francisco has invested nearly $53 million in a Fannie Mae bond issuance to support housing for very low-income residents near Fisherman’s Wharf.

The $52.6 million financing will cover 230 units in the Wharf Plaza I and II buildings, which are located at 1855 Kearny St., and have 116 and 114 units respectively.

This deal follows a March $10 million investment in Nevada Housing Division Mortgage Revenue Bonds.

“With the authority FHLBanks have to make prudent investments in mission-consistent securities, we are proud to be able to support the affordability of these local and much-needed housing units,” said Joe Amato, interim president and CEO of FHLBank San Francisco, said in a press release. 

“This investment aligns with our mission to be a reliable…