FHLB AHP provides capital financing for affordable and supportive housing development in NYS.
Tenant Eligibility Criteria
At least 20% of the units in the project must be below 50% of the area median income (AMI). Any affordable housing population is eligible. Priority is given to housing for homeless individuals and families in the scoring and additional priority given to nonprofit owned projects. Projects will receive additional points in the competitive application process if they contain 20% or more supportive units. Populations eligible for supportive units include:
- Physically and/or mentally disabled
- Developmentally disabled
- Persons recovering from domestic abuse (physical or emotional abuse)
- Persons recovering from chemical dependency
- Persons with HIV/AIDS
In order to access AHP, a nonprofit agency must partner with a bank that is currently a FHLB shareholder. A current list is available here. Larger multistate banks are also members, so check with the banks in our area to see if they are FHLB members.
Up to $40,000 per unit.
Units must remain in service for a minimum of 15 years.
- The deadline for submitting applications for the 2021 AHP General Fund Round is Friday, May 21, 2021 at 5:00 p.m. ET.
- Total award amount equals 10% of the Federal Home Loan Bank (FHLB) earnings for the year. No more than 10% of the overall funds available in the application cycle may be requested.
- These funds are most often used to complete capital funding packages in supportive housing projects in conjunction with other city or state capital grants. Funds originate from local banks that participate, and are incentivized by the Community Reinvestment Act.
- May be used for acquisition, construction, or rehabilitation. Projects must demonstrate site control.
For More Information
Find the AHP application here.
Find the 2021 AHP Implementation Plan detailing the program rules and requirements here.
Applications must be submitted via FHLBNY’s Secure File Transfer Protocol (SFTP) by Member Institutions that have been issued User IDs prior to this communication. If you have not been issued a User ID, email FHBNY at firstname.lastname@example.org.
New York Main Office
Federal Home Loan Bank of New York
101 Park Avenue
New York, NY 10178-0599
Telephone: (212) 681-6000
Fax Number: (212) 441-6890
Last updated: 04/14/2021