What is the Affordable Housing Program (AHP)?
The AHP is a special program that helps members provide financing for owner-occupied and rental housing that is affordable to very low-income (VLI), low- and moderate-income households through the use of subsidized advances and direct subsidies.
For eligible projects the AHP subsidy can be used for:
- down payment and/or closing cost assistance for the purchase of an existing or newly constructed home; or
- the rehabilitation of an owner-occupied home.
For eligible projects the AHP subsidy can be used for the purchase, construction, or rehabilitation of a rental project, where at least 20 percent (20%) of the units in the project are occupied by and affordable for VLI households.