The AHP General Fund 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 General Fund 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 $836.5 million to the AHP to help construct or rehabilitate more than 173,000 homeownership and rental units.

There may be up to two competitive application rounds per year for the AHP General Fund. 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.

FHLBank Atlanta's Community Partners product provides up to $15,000 in down-payment and closing-cost funding to current or retired law enforcement officers, educators, health care workers, firefighters, and other first responders; veterans or active-duty members of the U.S. military or their surviving spouse; and COVID-related essential workers who are first-time homebuyers or non-first-time homebuyers.

Product Highlights*:

• Maximum subsidy is $15,000
• Homebuyer must contribute at least $1,000
• First-time homebuyers and non-first-time homebuyers are eligible
• Funds are available on a first-come, first-served basis
• Income and other eligibility requirements apply

Members can access up to $1 million annually in total from the Bank's AHP Homeownership Set-aside Program.

*Other program requirements apply. Please see the Bank's Affordable Housing Program Implementation Plan for a complete description of requirements.

Community Rebuild and Restore provides funds for the rehabilitation of an existing owner-occupied home located in “Major Disaster Declaration” or "Emergency Declaration" disaster areas as designated by the Federal Emergency Management Agency (FEMA).

Product Highlights*:

• Maximum subsidy is $10,000
• No matching funds required
• Home must be located in a “Major Disaster Declaration” or  "Emergency Declaration" area as designated by FEMA and located within the United States and its territories
• Funds can be used to correct deficiencies, resulting from the identified disaster, that impact the habitability of the property not associated with repairs covered under an insurance claim
• Homeowners must have 30 days of current ownership by life estate or full interest in the fee title and have ownership of the subject property at the time of the "Major Disaster Declaration"
• Automated application intake and funding through FHLBAsap, FHLBank Atlanta's online system
• Income and other eligibility requirements apply

Funds are available on a first-come, first-served basis.

*Other program requirements apply. Please see the Bank's Affordable Housing Program Implementation Plan for a complete description of requirements.

FHLBank Atlanta's First-time Homebuyer Product (FHP) provides up to $12,500 in funds for the down payments and closing costs of first-time homebuyers. 

Participation in the program offers members a way to access a wider customer base and originate new mortgages. Individual homebuyers who would like to access FHP funds must meet eligibility guidelines and apply for funds through a participating member financial institution.

Additional Information on Program Requirements*

• Maximum subsidy is $12,500 per homebuyer
• The homebuyer must contribute at least $1,000
• Purchased home must be used as the homebuyer's primary residence
• Income and other eligibility requirements apply

Funds are available on a first-come, first-served basis. Members can access up to $1 million annually in total from the Bank's AHP Homeownership Set-aside Program.

*Other program requirements apply. Please see the Bank's Affordable Housing Program Implementation Plan for a complete description of requirements.