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Affordable Housing Program

Affordable Housing Program (AHP) Overview

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. 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

AHP System

FHLBNY’s secure online system designed to support AHP Users

Learn More or Enroll Today

Log into FHLBNY Access

2024 AHP Round
Key Dates

  • April 22 – Round Open
  • May 31 – Round Closes 5pm EST
  • 4Q2024 – AHP Subsidy Awards Announced


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