Affordable Housing Program Competitive
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.
Each year we commit 10 percent of our annual net income to developing affordable housing. 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 $424 million to the AHP to help construct or rehabilitate more than 70,000 homeownership and rental units.
There is one competitive 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.