Housing Programs
The HLB is committed to providing affordable housing opportunities to families and communities. Our Affordable Housing Program ("AHP") along with our First Home Clubsm ("FHC"), provide community-based organizations and families with much needed funds to build housing units.
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 area median income.
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.