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Affordable Housing Program

Affordable Housing Program (AHP) General Fund Overview

2023 AHP General Fund Round

The 2023 AHP General Fund Round is now open. The deadline for submitting applications is Friday, March 31, 2023, at 5:00 pm EST. The application package can be found under the AHP Application page.


AHP General Fund
Webinar Video
AHP General Fund
Webinar Presentation
2023 AHP
Implementation Plan

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

  • Gain CRA credit for successful participation
  • Strengthen the community you serve
  • Build relationships with non-profit groups and businesses

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
  • Shelters
  • Transitional housing
  • Mutual housing associations
  • Group Homes


Email us at [email protected]

AHP Success Stories

Member: Banco Popular de Puerto Rico
Project Name: El Zorzal Apartments
Sponsor: Lucha Contra El Sida Inc.
Member: HSBC Bank USA
Project Name: CAMBA Gardens Phase II
Sponsor: CAMBA Housing Ventures