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Affordable Housing Program
2013 Affordable Housing Program Information
In 2013, FHLBank will offer approximately $13.5 million in AHP funds, nearly three times the amount awarded in 2012. The Bank has also increased its maximum per-project AHP grant amount from $250,000 to $500,000.
In 2013, the Bank’s single funding round will open on July 8, and all applications must be received by August 29. All 2013 grant awards will be announced on December 19.
In preparation for the funding round, informational in-person workshops will be held in June. The workshops will provide detailed coverage of the AHP application process, including the processes for application scoring and feasibility. There will also be time allotted to address specific project-related questions.
Workshops (location details)
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Thursday, June 20 |
9-11:30 a.m. - Pittsburgh, PA |
Friday, June 21 |
9-11:30 a.m. - Charleston, WV |
Tuesday, June 25 |
9-11:30 a.m. - Harrisburg, PA |
Wednesday, June 26 |
9-11:30 a.m. - King of Prussia, PA |
Thursday, June 27 |
9-11:30 a.m. - Scranton, PA |
Friday, June 28 |
9-11:30 a.m. - Dover, DE |
Registration for the workshops is available here.
If you have a project in need of gap financing and you want to discuss how the project might qualify for AHP funding, project-based technical assistance is also available.
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What is AHP?
Each year, FHLBank Pittsburgh sets aside approximately
10 percent of its net income to fund the AHP. The AHP
supports projects that provide affordable housing to
individuals and families whose incomes are defined as
low (51 to 80 percent of area median) or very low (50
percent and below of area median).
What qualifies for AHP funding?
The AHP provides grants and loans that can be used
for:
- Single- and multi-family housing
- New construction and rehabilitation
- Rental and owner-occupied homes
- Scattered-site housing development projects
- Transitional and single-room-occupancy housing
Low income is just one of many common denominators
AHP-eligible individuals and families share. As a result,
AHP funds are increasingly being channeled toward projects
that provide special-needs populations — such
as the mentally/physically disabled, frail elderly,
persons with HIV/AIDS, persons recovering from drug/alcohol
addiction or victims of domestic violence — with
counseling, vocational and educational services, medical
support and other forms of assistance, in addition to
housing.
What criteria are used?
AHP scoring priorities are set annually by the Bank's
Board of Directors, in consultation with the Affordable
Housing Advisory Council. In 2013, priority will be
given to projects that meet the following criteria:
|
Criterion
|
Maximum
Points |
|
Is sponsored by nonprofit, local government,
local authority
|
5 |
|
Exhibits low subsidy per unit
|
8 |
|
Provides housing for the homeless
|
6 |
|
Uses donated properties
|
5 |
|
Generates empowerment
|
10 |
|
Promotes community stability
|
25 |
|
Project is ready to proceed
|
8 |
|
Targets to the very-low-income
|
20 |
|
Addresses special needs/rural
|
13 |
|
TOTAL
|
100 |
Additional Requirements
Projects must meet FHLBank's feasibility guidelines.
Maximum subsidy amount of $500,000 may be allocated
to each project .
Subsidized loans of greater than $500,000 may be requested.
Retention requirements:
- For owner-occupied projects, five years from closing
date
- For rental projects, 15 years from project completion
date
- Demonstrated need for AHP subsidy
- Use of funds must be timely (within twelve months
of approval)
- Sponsor must be adequately qualified based on development
experience
- Compliance with Fair Housing laws required
- Market demand must be demonstrated
To read or download a detailed summary of FHLBank's
feasibility guidelines and scoring criteria, click
on 2013 AHP Implementation Plan (pdf).
How do you apply?
Application
The Community Investment Department reviews applications
for feasibility and scoring, and the Bank's Board of
Directors approves award recipients. Once notified of
funding approval, awardees must draw down funds within
twelve months of the approval date. All funded projects
are then monitored periodically.
See the AHP Process page for step-by-step instructions to apply for AHP.
Monitoring Requirements
Approved AHP projects are required to be monitored
in accordance with AHP regulations. Approved AHP projects
will be subject to the following monitoring requirements:
more>
Related Documents
Document |
Description |
2013 AHP Fact Sheet |
A one-page, brief overview of AHP with member benefits, program elements and participation information. |
2013 AHP Developer/Sponsor Fact Sheet |
A one-page, brief overview of AHP with developer highlights.. |
2013 AHP Implementation Plan |
The policy and guidance document for AHP and the FFD which outlines feasibility and scoring criteria for the current year. |
2013 AHP Guide |
A guide to completing an AHP application which includes all fields found in the online application and a list of templates required to be attached to each application. |
2013 AHP Process |
Visit this page for steps involved in applying for AHP funds. |
Income Calculation |
This calculation form must be completed for each household receiving AHP or FFD funds to accurately verify household income. |
15 Year Pro Forma |
Use this Pro Forma as a guide for Level 2 monitoring reporting. |
Income Guidelines |
Follow these guidelines to accurately verify household income and determine the eligibility of households to participate in AHP and FFD. |
AHP/FFD Repayment Worksheet for Homeownership Projects |
Used by member banks to calculate the repayment amount for all homeownership grants made under AHP and FFD. |
2013 Member Bank Guide |
Member bank contacts may use this guide to assist in navigating the AHP online system to perform many functions. |
2013 Sponsor Guide |
Sponsor contacts may use this guide to assist in navigating the AHP online system to perform many functions. |
2013 System Requirements |
The minimum supported system requirements necessary to access and use the AHP system. |
Sponsor Registration Demo (video) |
Watch this brief video to learn how to register a sponsor contact in the AHP system. |
Associate Yourself with an Organization Demo (video) |
Watch this brief video to learn how to associated/attach yourself to an organization in the AHP system after you have successfully registered yourself as a sponsor contact. |
2012 Funding Disbursement Guide |
A guide to assist in navigating the AHP online system to perform the AHP funding disbursement function. |
Technical Assistance Form |
To schedule an appointment with a Community Investment Department representative to discuss the specifics of your potential AHP project.
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Contact Us
If you have any questions regarding AHP or any Community Investment program, please feel free to contact us at 1-800-288-3400 or email us.
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Real Life Stories
The wait for women seeking alcohol and drug addiction recovery program services is a little shorter thanks to the help of United Bank and project sponsor Rea of Hope, Inc., a Charleston, W.Va.-based women’s drug and alcohol addiction recovery facility.
Resources
Related Documents
AHP Recipients
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