FHLBank Atlanta’s Affordable Housing Program Competitive Program (AHP Competitive) provides funding to develop or rehabilitate housing that is affordable to low- and moderate-income families. Real estate developers partner with financial institutions like yours to apply for up to $500,000 per project to help finance the construction of apartments, supportive housing, subdivisions, single-family homes, and more.
By participating in AHP Competitive projects, your institution can generate new business with developers and other stakeholders while achieving your affordable lending mission and/or compliance goals related to the Community Reinvestment Act (CRA). The attached brochure provides details on benefits of the program and an overview of the process.
This year’s application round will be open longer than in year’s past – the application will be available starting Feb 6, 2020 and all applications are due April 2, 2020. We encourage you to partner with housing developers in your local markets to apply for up to $500,000 per project to support the development of affordable rental and ownership housing. If you have identified a project for the 2020 Competitive Round, please note, we do offer technical assistance to both Sponsors and Members regarding their applications. If you are looking to connect to developers please let us know and we can help connect you with developers looking for a member financial institution.
If you would like to learn more please join us for a webinar to learn how you can connect with developers and opportunities in your community and achieve your business and affordable lending goals using AHP. Register today! [register.gotowebinar.com]