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.
To ensure that your application is complete before submission, refer to the 2016 AHP Attachments Checklist, which includes links to required forms and details about required documentation for each point category.´┐Ż
Sponsors will be responsible for completing the majority of the application fields in the AHP Online system, and members will be required to complete two screens (detailed in Step 6). During application completion, both sponsors and members should refer to the AHP Implementation Plan for information on scoring and feasibility criteria.´┐Ż
For details on the components of the 2016 AHP application, including a downloadable paper copy, please see the 2016 Guide to Completing the AHP Application.
Additionally, a Member Guide to the AHP System
Applications must be in ´┐ŻMember Approved´┐Ż status by the funding round deadline to be accepted. This is accomplished by the following steps:
For detailed instructions on moving an application's status to ´┐ŻSponsor Approved´┐Ż or ´┐ŻMember Approved,´┐Ż please consult the Member Guide to the AHP System