2015 AHP awards

The 2015 Affordable Housing Program (AHP) awards were approved by the FHLB Cincinnati's Board of Directors on November 19, 2015. A total of 43 members will receive nearly $27 million in AHP subsidy to help produce 2,084 units of affordable housing for low- and very low-income residents. Of 70 project awards, 25 support owner-occupied housing and 45 support rental housing.

FHLB Cincinnati allocates 10 percent of its net income annually into the AHP, which makes housing more affordable for persons at or below 80 percent of area median income. Subsidy is awarded to members through an annual AHP competitive offering and through the Welcome Home Program down payment assistance grants.

Since the first awards in 1990, the FHLB has contributed more than $572 million toward more than 74,000 units of affordable housing through the AHP and Welcome Home Program. The program has enabled thousands of families access to decent, affordable housing, and we are proud of our record of accomplishment under this program. 

Awards below are listed by the state where the project is located, and alphabetically by the name of the FHLB member financial institution taking part in the project. 

KENTUCKY

Project: 2015 Special Needs Homebuyer - Hazard KY
Location: Breathitt, Knott, Leslie and Perry counties, Ky.
Member: 1st Trust Bank, Hazard, Ky.
Sponsor: Housing Development Alliance Inc.
Award: $250,000
Units: 5
Project type: Ownership

Project: Riverhill Apartments
Location: Hawesville, Ky.
Member: The Cecilian Bank, Cecilia, Ky.
Sponsor: Parkland Manor Inc.
Award: $90,067
Units: 16
Project type: Rental

Project: Larue Trace Apartments
Location: Hodgenville, Ky.
Member: The Cecilian Bank, Cecilia, Ky.
Sponsor: Parkland Manor Inc.
Award: $258,100
Units: 24
Project type: Rental

Project: University Apartments
Location: Elizabethtown, Ky.
Member: The Cecilian Bank, Cecilia, Ky.
Sponsor: Parkland Manor Inc.
Award: $342,328
Units: 45
Project type: Rental

Project: Lexington HFH 201501
Location: Lexington, Ky.
Member: Community Trust Bank Inc., Pikeville, Ky.
Sponsor: Lexington Habitat for Humanity Inc.
Award: $212,500
Units: 10
Project type: Ownership

Project: Robinson Heights Final Phase
Location: Pikeville, Ky.
Member: Community Trust Bank Inc., Pikeville, Ky.
Sponsor: Sandy Valley Habitat for Humanity Inc.
Award: $199,924
Units: 4
Project type: Ownership

Project: Lexington HFH 201501 #2
Location: Lexington, Ky.
Member: Community Trust Bank Inc., Pikeville, Ky.
Sponsor: Lexington Habitat for Humanity Inc.
Award: $44,000
Units: 5
Project type: Ownership

Project: Kentucky Highlands Scattered Site Homeownership
Location: Clinton, Cumberland, McCreary, Wayne and Whitley counties in Kentucky
Member: Cumberland Valley National Bank and Trust Company, East Bernstadt, Ky.
Sponsor: Kentucky Highlands Investment Corp.
Award: $175,000
Units: 10
Project type: Ownership

Project: Campton School Apartments
Location: Campton, Ky.
Member: Farmers and Traders Bank of Campton, Campton, Ky.
Sponsor: AU Associates Inc.
Award: $215,000
Units: 19
Project type: Rental

Project: 2015 Eastern Scholar House
Location: Richmond, Ky.
Member: Federation of Appalachian Housing Enterprises Inc., Berea, Ky.
Sponsor: Kentucky River Foothills Development Council Inc.
Award: $390,000
Units: 39
Project type: Rental

Project: HFH of Henderson 201501
Location: Henderson, Ky.
Member: Field & Main Bank, Henderson, Ky.
Sponsor: Habitat for Humanity of Henderson KY
Award: $27,500
Units: 2
Project type: Ownership

Project: Layne House Apartments 2015
Location: Prestonsburg, Ky.
Member: First Commonwealth Bank of Prestonsburg Inc., Prestonsburg, Ky.
Sponsor: Mountain Comprehensive Care Center
Award: $1,000,000
Units: 20
Project type: Rental

Project: HFH of Fulton Hickman Co. 201501
Location: Fulton, Ky.
Member: First Community Bank of the Heartland Inc., Clinton, Ky.
Sponsor: Fulton-Hickman Counties Habitat for Humanity of KY Inc.
Award: $15,000
Units: 1
Project type: Ownership

Project: HFH of Hopkins Co. 201501
Location: Madisonville, Ky.
Member: First United Bank and Trust Company, Madisonville, Ky.
Sponsor: Habitat for Humanity of Hopkins County
Award: $106,250
Units: 5
Project type: Ownership

Project: KCEOC Housing Development Project 2015
Location: Barbourville, Ky.
Member: Forcht Bank, Lexington, Ky.
Sponsor: KCEOC Community Action Partnership
Award: $49,500
Units: 2
Project type: Ownership

Project: Trent Village
Location: Lexington, Ky.
Member: Hometown Bank of Corbin Inc., Corbin, Ky.
Sponsor: Episcopal Retirement Homes Affordable Living LLC
Award: $540,000
Units: 54
Project type: Rental

Project: Yellow Rock Place
Location: Barbourville, Ky.
Member: Hometown Bank of Corbin Inc., Corbin, Ky.
Sponsor: Cumberland Valley Housing Corp.
Award: $800,000
Units: 32
Project type: Rental

Project: 2015-2018 Kentucky Bank and CDBG Affordable Homeownership Project
Location: Morehead, Ky., and Bath, Carter, Montgomery and Rowan counties in Kentucky
Member: Kentucky Bank, Paris, Ky.
Sponsor: Frontier Housing Inc.
Award: $250,000
Units: 10
Project type: Ownership

Project: Hardin Co. HFH 201501
Location: Elizabethtown, Ky.
Member: Kentucky Neighborhood Bank, Elizabethtown, Ky.
Sponsor: Hardin County Habitat For Humanity
Award: $55,000
Units: 4
Project type: Ownership

Project: HFH of Bowling Green Warren Co. 201501
Location: Bowling Green, Ky.
Member: PBI Bank, Louisville, Ky.
Sponsor: Habitat for Humanity Bowling Green/Warren County
Award: $50,000
Units: 5
Project type: Ownership

Project: 2015 10 House Build
Location: Clark and Madison counties, Kentucky, and Lexington-Fayette, KY MSA
Member: Peoples Bank & Trust Company of Madison County, Berea, Ky.
Sponsor: Habitat for Humanity of Madison & Clark Counties
Award: $212,000
Units: 10
Project type: Ownership

Project: Beattyville Homebuyer 2015
Location: Beattyville, Booneville and Campton, Ky.
Member: Peoples Exchange Bank, Winchester, Ky.
Sponsor: Beattyville Housing and Development Corp. Inc.
Award: $90,000
Units: 5
Project type: Ownership

Project: Highland Village 2015
Location: Highland Heights, Ky.
Member: Stock Yards Bank & Trust Co., Louisville, Ky.
Sponsor: Newport Millennium Housing Corp III
Award: $1,000,000
Units: 118
Project type: Rental

Project: Merryman House, Paducah, KY 2015
Location: Paducah, Ky.
Member: The Paducah Bank and Trust Co., Paducah, Ky.
Sponsor: Women Aware Inc. dba Merryman House Domestic Crisis Center
Award: $540,000
Units: 36
Project type: Rental

Project: Kerney Place
Location: Williamsburg, Ky.
Member: Wilson & Muir Bank & Trust Co., Bardstown, Ky.
Sponsor: Cumberland Valley Housing Corp.
Award: $800,000
Units: 32
Project type: Rental


OHIO

Project: Terrace Place
Location: Columbus, Ohio
Member: The Arlington Bank, Upper Arlington, Ohio, and The Huntington National Bank, Columbus, Ohio
Sponsor: Community Housing Network Inc.
Award: $600,000
Units: 60
Project type: Rental

Project: 2015 Merici Apartments
Location: Youngstown, Ohio
Member: Farmers National Bank, Canfield, Ohio
Sponsor: Ursuline Center
Award: $163,600
Units: 4
Project type: Rental

Project: Chapel Street Apartments 2015
Location: Cincinnati, Ohio
Member: Fifth Third Bank, Cincinnati, Ohio
Sponsor: Talbert Services Inc.
Award: $270,963
Units: 24
Project type: Rental

Project: HFH of Greater Cincinnati 201501
Location: Hamilton County, Butler County, Campbell County, Clermont County, Kenton County and Cincinnati-Middletown, OH-KY-IN HUD Metro FMR Area
Member: Fifth Third Bank, Cincinnati, Ohio
Sponsor: Habitat for Humanity of Greater Cincinnati
Award: $87,490
Units: 5
Project type: Ownership

Project: HFH of Greater Cincinnati 201501 #2
Location: Hamilton County, Butler County, Campbell County, Clermont County, Kenton County and Cincinnati-Middletown, Ohio-KY-IN HUD Metro FMR Area
Member: Fifth Third Bank, Cincinnati, Ohio
Sponsor: Habitat for Humanity of Greater Cincinnati
Award: $137,500
Units: 10
Project type: Ownership

Project: The Commons at Madaline Park II
Location: Akron, Ohio
Member: FirstMerit Bank, Akron, Ohio
Sponsor: Community Support Services Inc.
Award: $800,000
Units: 60
Project type: Rental

Project: Stark Changing Destinies Housing
Location: Massillon, Ohio
Member: Hometown Bank, Kent, Ohio 
Sponsor: Coleman Professional Services
Award: $122,000
Units: 11
Project type: Rental

Project: Kent Young Adult Housing
Location: Kent, Ohio
Member: Hometown Bank, Kent, Ohio
Sponsor: Coleman Professional Services
Award: $275,000
Units: 11
Project type: Rental

Project: The Key Terrace LLC
Location: Kettering, Ohio
Member: The Huntington National Bank, Columbus, Ohio, and Ohio Capital Finance Corp., Columbus, Ohio
Sponsor: Miami Valley Housing Opportunities Inc.
Award: $774,050
Units: 40
Project type: Rental

Project: Medina Creative Middleburg Heights
Location: Middleburg Heights, Ohio
Member: The Huntington National Bank, Columbus, Ohio
Sponsor: Medina Creative Housing Inc.
Award: $600,000
Units: 24
Project type: Rental

Project: 2015 West Union Square
Location: Cincinnati, Colerain Township, Ohio
Member: The Huntington National Bank, Columbus, Ohio, and Cheviot Savings Bank, Cheviot, Ohio
Sponsor: Cincinnati Metropolitan Housing Authority
Award: $962,500
Units: 70
Project type: Rental

Project: 2015 Hilltop Homes II
Location: Columbus, Ohio
Member: The Huntington National Bank, Columbus, Ohio, and First Federal Bank of the Midwest, Defiance, Ohio
Sponsor: Central Ohio Housing Development Organization Inc.
Award: $333,441
Units: 39
Project type: Rental

Project: Marlowe Court
Location: Cincinnati, Ohio
Member: The Huntington National Bank, Columbus, Ohio
Sponsor: Episcopal Retirement Homes Affordable Living LLC
Award: $529,947
Units: 53
Project type: Rental

Project: 2015 Victorian Heritage
Location: Columbus, Ohio
Member: JPMorgan Chase Bank, Columbus, Ohio
Sponsor: Columbus Housing Partnership Inc. dba Homeport
Award: $811,250
Units: 59
Project type: Rental

Project: 2015 Sheakley Center for Youth PSH
Location: Cincinnati, Ohio
Member: KeyBank, Cleveland, Ohio
Sponsor: New Life Properties
Award: $536,249
Units: 39
Project type: Rental

Project: St. Hedwig Senior
Location: Toledo, Ohio
Member: KeyBank, Cleveland, Ohio, and Ohio Capital Finance Corp., Columbus, Ohio
Sponsor: United North Corp.
Award: $770,000
Units: 44
Project type: Rental

Project: Avon Seniors
Location: Avon, Ohio
Member: KeyBank, Cleveland, Ohio
Sponsor: Jennings Center for Older Adults
Award: $749,925
Units: 75
Project type: Rental

Project: St. Vincent de Paul Senior Housing
Location: Cuyahoga County, Cleveland-Elyria, OH MSA
Member: KeyBank, Cleveland, Ohio, and Ohio Capital Finance Corp., Columbus, Ohio
Sponsor: Catholic Charities Housing Corp.
Award: $380,000
Units: 38
Project type: Rental

Project: Whitmore Arms Apartments
Location: Dayton, Ohio
Member: KeyBank, Cleveland, Ohio, and Ohio Capital Finance Corp., Columbus, Ohio
Sponsor: HomeStart Inc.
Award: $308,452
Units: 40
Project type: Rental

Project: Fayette Landing 2015
Location: Washington Court House, Ohio
Member: KeyBank, Cleveland, Ohio
Sponsor: Community Action Commission of Fayette County
Award: $360,000
Units: 36
Project type: Rental

Project: Riverview Retirement Center
Location: Scioto County, Ohio
Member: KeyBank, Cleveland, Ohio
Sponsor: National Church Residences
Award: $757,040
Units: 106
Project type: Rental

Project: Market Street Lofts
Location: East Liverpool, Ohio
Member: KeyBank, Cleveland, Ohio
Sponsor: Community Action Agency of Columbiana County Inc.
Award: $429,700
Units: 45
Project type: Rental

Project: Londonerry Apartments
Location: London, Ohio
Member: The Park National Bank, Newark, Ohio
Sponsor: Community Action Organization of Delaware, Madison & Union Counties
Award: $306,190
Units: 72
Project type: Rental

Project: Heart of Ohio Neighborhood Revitalization 2015 - 2017
Location: Marion, Mount Gilead, Ohio
Member: The Park National Bank, Newark, Ohio
Sponsor: Habitat for Humanity of Marion County Ohio Inc.
Award: $84,000
Units: 4
Project type: Ownership


TENNESSEE

Project: 2015 Building Hope
Location: Alcoa, Maryville, Tenn.
Member: Alcoa Tenn Federal Credit Union, Alcoa, Tenn.
Sponsor: Blount County Habitat for Humanity
Award: $121,751
Units: 5
Project type: Ownership

Project: Aging in Place FY2016
Location: Memphis, Tenn.
Member: Bank of Bartlett, Bartlett, Tenn.
Sponsor: Habitat for Humanity of Greater Memphis
Award: $997,500
Units: 135
Project type: Ownership

Project: 2015 Highland Place Apartments
Location: Kingsport, Tenn.
Member: Bank of Tennessee, Kingsport, Tenn.
Sponsor: Eastern Eight Community Development Corp.
Award: $600,000
Units: 12
Project type: Rental

Project: 2015 Kirkland Place
Location: Jonesborough, Tenn.
Member: Bank of Tennessee, Kingsport, Tenn.
Sponsor: Eastern Eight Community Development Corp.
Award: $200,000
Units: 4
Project type: Rental

Project: Baker Street Apartments
Location: Johnson City, Tenn.
Member: Bank of Tennessee, Kingsport, Tenn.
Sponsor: Keystone Development Inc.
Award: $100,444
Units: 6
Project type: Rental

Project: 2015 Kingsprings Village Homeownership
Location: Johnson City, Tenn.
Member: Bank of Tennessee, Kingsport, Tenn.
Sponsor: Eastern Eight Community Development Corp.
Award: $185,000
Units: 5
Project type: Ownership

Project: New Build Appalachia 2015
Location: Washington County, Johnson City, TN MSA, Hamblen County, Morristown, TN MSA, Hancock County, TN, Perry County, KY, Washington County and Kingsport-Bristol-Bristol, TN-VA MSA
Member: Bank of Tennessee, Kingsport, Tenn.
Sponsor: Appalachia Service Project Inc.
Award: $347,800
Units: 15
Project type: Ownership

Project: Jonah Duplex 2015
Location: Madison County, Jackson, TN MSA
Member: Commercial Bank & Trust Company, Paris, Tenn.
Sponsor: Jonah Affordable Housing
Award: $180,000
Units: 4
Project type: Rental

Project: The Grove 2015
Location: Crossville, Tenn.
Member: Cumberland County Bank, Crossville, Tenn.
Sponsor: Crossville Housing Authority
Award: $109,960
Units: 8
Project type: Ownership

Project: KHFH FY16 Build Year
Location: Knoxville, Tenn.
Member: Home Federal Bank of Tennessee, Knoxville, Tenn.
Sponsor: Knoxville Habitat for Humanity Inc.
Award: $530,000
Units: 25
Project type: Ownership

Project: Park Street
Location: Franklin, Tenn.
Member: Pinnacle Bank, Nashville, Tenn.
Sponsor: Franklin Housing Authority
Award: $220,000
Units: 22
Project type: Rental

Project: 2015 Rutherford County Habitat for Humanity Build
Location: La Vergne, Murfreesboro and Smyrna, Tenn.
Member: Pinnacle Bank, Nashville, Tenn.
Sponsor: Rutherford County Habitat for Humanity
Award: $100,000
Units: 4
Project type: Ownership

Project: CADAS Housing Initiative
Location: Chattanooga, Tenn.
Member: Pinnacle Bank, Nashville, Tenn.
Sponsor: Council for Alcohol and Drug Abuse Services Inc. (dba CADAS)
Award: $599,000
Units: 24
Project type: Rental

Project: Carroll County Apartments II
Location: Huntingdon, Tenn.
Member: Security Bank & Trust Company, Paris, Tenn.
Sponsor: Carey Counseling Center Inc.
Award: $166,829
Units: 6
Project type: Rental

Project: 2015 Hope Haven/Ellis Road
Location: Lenoir City and Loudon, Tenn.
Member: SouthEast Bank, Farragut, Tenn.
Sponsor: Loudon County Habitat for Humanity Inc.
Award: $105,000
Units: 5
Project type: Ownership

Project: Savannah Center
Location: Savannah, Tenn.
Member: The Hardin County Bank, Savannah, Tenn.
Sponsor: Tennessee Valley Teen Challenge Inc.
Award: $379,500
Units: 38
Project type: Rental


OTHER STATES

Project: Palm City Gardens Rehab
Location: Fort Myers, Fla.
Member: JPMorgan Chase Bank, Columbus, Ohio
Sponsor: Dunbar Improvement Association Inc.
Award: $975,000
Units: 100
Project type: Rental

Project: 2015 Roosevelt Apartments
Location: Muskegon Heights, Mich.
Member: The Huntington National Bank, Columbus, Ohio
Sponsor: Dwelling Place of Grand Rapids
Award: $662,500
Units: 52
Project type: Rental

Project: Historic Ashe Hospital 2015
Location: Jefferson, N.C.
Member: Bank of Tennessee, Kingsport, Tenn.
Sponsor: Northwestern Housing Enterprises Inc.
Award: $880,170
Units: 46
Project type: Rental

Project: Serenity Ridge
Location: Pittsburgh, Pa.
Member: The Huntington National Bank, Columbus, Ohio
Sponsor: S&A Homes Inc.
Award: $408,500
Units: 62
Project type: Rental

Project: Recovery Point of Charleston Apartments
Location: Charleston, W.Va.
Member: RiverHills Bank, Milford, Ohio
Sponsor: Recovery Point of Huntington Inc.
Award: $261,042
Units: 24
Project type: Rental