Affordable Housing Program Competitive
Applications for the 2014 AHP Competitive will be available beginning January 14. The deadline for submitting applications and all supporting documentation is February 13, 2014.
The AHP Competitive is a flexible source of funding designed to help our member financial institutions and their community partners develop affordable owner-occupied and rental housing for very low- to moderate-income families and individuals. Up to $500,000 will be awarded per project in 2014 through a competitive application process.
The AHP Competitive is designed for nonprofit or for-profit housing developers, public entities, contractors, community builders, and other nonprofit and for-profit corporations and organizations engaged in housing construction, rehabilitation, and development, either ownership or rental. These organizations (called project sponsors) partner with our member financial institutions to seek the competitive subsidy funding or low-cost loans. Since 1990, we have awarded over $648 million to the AHP to help construct or rehabilitate more than 73,000 homeownership and rental units.
There is one application round per year for the AHP Competitive. Applicants are encouraged to leverage their awards with other funding sources, including conventional loans, government-subsidized financing, tax-credit equity, foundation grants, and bond financing.
Learn More about AHP
In preparation for the 2014 AHP Competitive round, we are hosting webinars for member financial institutions and sponsors on December 11 and December 12. Click on a link below to pre-register.
December 11 – 10:00 a.m. ET
December 11 – 2:00 p.m. ET
December 12 – 10:00 a.m. ET – New Project Sponsors
December 12 – 2:00 p.m. ET – Experienced Project Sponsors