The Affordable Housing Program (AHP) helps FHLBank Pittsburgh members partner with community developers and public agencies to develop affordable housing in local communities. Each year, FHLBank sets aside approximately 10 percent of its net income to fund AHP.
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.
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.
AHP application attachments will become available on March 31, 2017.
Applications must be in 'Member Approved' status by the funding round deadline to be accepted. This is accomplished by the following steps: