Affordable Housing Program (AHP)

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 either once or twice a year, at the HLB's discretion.

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:

  • 1-to-4 unit houses
  • Co-ops
  • Condos
  • Apartments
  • Single-room occupancy facilities
  • Shelters
  • Transitional housing
  • Mutual housing associations
  • Group Homes

Affordable Housing Program Application Training Webinar

January 23, 2018 
11:00am – 12:30pm EST

Join us for a webinar and learn how we can assist you in financing your next housing project!


  • AHP Application Overview
    • Eligibility Review
    • Scoring Review: review of new and updated scoring categories
    • Financial Review
  • Next Steps
  • Application Tips
  • Q & A

Please register for the event at the following link:

For those who cannot attend, the webinar will be recorded and posted to the tutorials page. If you have questions regarding the upcoming webinar, please contact Brian Loeb.

We look forward to your participation!

Program Deadlines

FHC offers monthly enrollment periods due the 10th of each month or the following applicable business day.

AHP Success Stories

Pond View Homes
Member: Flushing Bank
Project Name: Pond View Homes

Independence Crossing
Member: Citibank
Project Name: Independence Crossing

› Other Success Stories


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