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FHLBank Atlanta to Accept AHP Applications Beginning June 1

March 05, 2018

Up to $500,000 per project will be awarded through a competitive applicaiton process to help FHLBank Atlanta member financial institutions and their community partners develop affordable owner-occupied and rental housing for very low- to moderate-income families and individuals.

The AHP Competitive is designed for nonprofit or for-profit housing developers, public entities, contractors, community builders, and other nonprofit and for-profit corporations and organizations engaged in housing construction, rehabilitation, and development, either ownership or rental. These organizations (called project sponsors) partner with our member financial institutions to seek the competitive subsidy funding or low-cost loans.

There is one competitive application round per year for the AHP Competitive. Applicants are encouraged to leverage their awards with other funding sources, including conventional loans, government-subsidized financing, tax-credit equity, foundation grants, and bond financing.

The FHLBank Atlanta is offering training for housing developers and sponsors that will cover everything needed to know about project eligibility, scoring, and the online application process. Multiple webinars are offered beginning March 13. To register...