To accommodate individuals impacted by recent natural disasters, FHLBank Pittsburgh is now permitted to temporarily allow vacant rental units assisted by the Affordable Housing Program to be temporarily leased to individuals/households, regardless of their income, who were displaced by select disasters. Prior to accepting households that may qualify, project sponsors must notify and receive the written approval from FHLBank Pittsburgh. Sponsors may email email@example.com for further information and assistance.
For 2022 only, FHLBank Pittsburgh is making available an additional $10.2 million to support affordable housing projects in Delaware, Pennsylvania and West Virginia, which is the FHLBank Pittsburgh’s district. As we look to emerge from the pandemic, FHLBank Pittsburgh is providing this one-time additional funding to help people in FHLBank's required, district who are in need of affordable homes as they reset and recover.
This one-time only offering for in-district projects is the voluntary housing grant initiative, which is separate and distinct from (and is not a part of) FHLBank Pittsburgh's statutory Affordable Housing Program (AHP).
The voluntary housing grant initiative provides for 2022 only competitive grants to affordable housing developers, including nonprofit and for-profit organizations, and housing and redevelopment authorities that are engaged in creating or rehabilitating affordable housing located in Delaware, Pennsylvania and West Virginia. For more information, click here.
FHLBank Pittsburgh members benefit from AHP in a variety of ways:
AHP grants and loans can be used for:
AHP grants and loans can support the development of housing intended for underserved populations. These housing projects may be targeted to very low-income households, individuals with special needs, the homeless or veterans, among others. Typically these projects are service enriched, and the project sponsors are able to offer a menu of supportive services, such as counseling, vocational and educational services; medical support; and other forms of assistance funded through complementary sources.
As a first step, applicants are encouraged to review the available resources and the Implementation Plan. Additional AHP webinars are designed to provide valuable information that may assist applicants in submitting stronger applications.
For questions related to scoring and feasibility guidelines, please refer to the 2022 AHP Implementation Plan.
AHP applications receive scoring points based on a variety of criteria, as defined in the AHP Implementation Plan. The highest scoring applications qualify to receive AHP funding. As all application submissions are considered final, it is important to submit a complete application.
Applications must be in 'Member Approved' status by the funding round deadline to be accepted. This is accomplished by the following steps: