Housing Programs

The HLB is committed to providing affordable housing opportunities to families and communities. Our Affordable Housing Program along with our First Home Club^sm, provide community-based organizations and families with much needed funds to build housing units.

Affordable Housing Program (AHP)
AHP provides subsidized advances and grants to our members to help households earning 80% or less of the area median income purchase or maintain their homes. It also enables organizations to purchase, rehabilitate, or construct apartment buildings in which at least 20% of the units are affordable to households earning 50% or less of the area median income.

First Home Club^sm  (FHC)
The FHC is a first-time homebuyers program that provides grants of up to $7,500 to help households earning 80% or less of the area median income overcome the financial difficulties of purchasing a home.