Affordable Housing Program

Affordable Housing Program (AHP) Overview

The 2025 Affordable Housing Program (AHP) General Fund Round Information

AHP Round is now closed.

We encourage you to review the AHP General Fund Virtual Training materials
in the AHP Application page.

AHP System Information

All current and future users of our AHP General Fund will need to utilize the AHP System to submit AHP applications and supporting documentation for progress reporting, disbursement of AHP subsidy, and monitoring reviews.

We recommend enrolling as soon as possible by following the steps outlined on the AHP System page. A System overview and additional training materials can be located under AHP Forms, Guidelines & Agreements.

Each year since 1990, the FHLBNY 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 grant 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. These funds are awarded through a competitive process which typically takes place either once or twice a year, at the FHLBNY’s discretion.

Benefits to Members
Strengthen the community you serve Build relationships with non-profit groups and businesses Support your CRA credit efforts

Eligible Uses of AHP General Fund Subsidy 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		Long-Term Shelters Transitional housing Mutual housing associations Group Homes

Affordable Housing Program