The Federal Home Loan Bank-Affordable Housing Program (FHLB-AHP) can act as a an affordable housing funding gap filler.
There are 12 regional FHLBs across the US that serves all jurisdictions. Below are the banks and the 2018 deadlines to apply for AHP funding. Maximum awards vary from $500K to over $3M. The applications must be submitted through a member bank (lists of member banks are on each FHLB’s website).
An important thing to note is that a project in any state can submit to any/multiple FHLBs, even if the site is “out of district”, the application must be submitted online by a member bank of that FHLB. For example, a project could submit to both the Chicago and New York FHLB to increase the likelihood of an award with minimal effort, since the application and scoring criteria are similar.
Read more about FHLB, its structure and programs. For further information or assistance with an application contact [email protected].
2018 FHLB-AHP application deadlines
- San Francisco March 5
- Des Moines May 31
- Topeka June 29
- Dallas May 17
- Chicago June 15
- Indianapolis August 13
- Cincinnati August 8
- Atlanta July 2
- Pittsburgh August 9
- New York May 25
- Boston August 16