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.
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:
In which at least 20% of the project’s occupants must earn 50% or less of the area median income
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 Information
FHLBNY’s secure online system designed to support AHP Users
Learn More or Enroll Today
AHP Success Stories
