Affordable Housing Program ("AHP")
AHP Application Deadlines
9/18: Round 2 2009 Application
Each year since 1990, the HLB has set aside 10% of its private earnings to support the creation and preservation of housing for lower income families and individuals through the Affordable Housing Program ("AHP"). AHP funds are awarded to members who submit applications on behalf of project sponsors who are planning to purchase, rehabilitate or construct affordable homes or apartments. Funds are awarded through a competitive process which typically takes place twice a year.
Benefits to Members:
- Gain CRA credit for successful participation
- Strengthen the community you serve
- Build relationships with non-profit groups and businesses
Eligible Uses of AHP Funds:
Acquisition, construction, or rehabilitation of:
Rental Housing
- In which at least 20% of the project's occupants must earn 50% or less of the area median income
Owner-Occupied Housing
- In which households earn 80% or less of the area median income
Eligible projects may include:
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