2017 AHP awards

The 2017 Affordable Housing Program (AHP) awards were approved by the FHLB Cincinnati's Board of Directors on November 16, 2017. A total of 35 members will receive nearly $28.6 million in AHP subsidy to help produce 2,346 units of affordable housing for low- and very low-income residents. Of 65 project awards, 22 support owner-occupied housing and 43 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 $661 million toward more than 83,000 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: Quail Hollow II
Location: Inez, Ky.
Member: The Cecilian Bank, Elizabethtown, Ky.
Sponsor: Wabuck Development Co. Inc.
Award: $174,298
Units: 24
Project type: Rental

Project: Holley Manor
Location: South Shore, Ky.
Member: The Cecilian Bank, Elizabethtown, Ky.
Sponsor: Parkland Manor Inc.
Award: $450,000
Units: 48
Project type: Rental

Project: Lebanon Junction Gates
Location: Lebanon Junction, Ky.
Member: The Cecilian Bank, Elizabethtown, Ky.
Sponsor: Wabuck Development Co. Inc.
Award: $121,194
Units: 16
Project type: Rental

Project: Holley Manor Annex
Location: South Shore, Ky.
Member: The Cecilian Bank, Elizabethtown, Ky.
Sponsor: Wabuck Development Co. Inc.
Award: $400,000
Units: 41
Project type: Rental

Project: Anna Lee Village
Location: Harlan, Ky.
Member: Commercial Bank, Harrogate, Tenn.
Sponsor: Cumberland Valley Housing Corp
Award: $299,786
Units: 32
Project type: Rental

Project: House of Ruth East Kentucky
Location: Louisville, Ky.
Member: Commonwealth Bank and Trust Co., Louisville, Ky.
Sponsor: House of Ruth Inc.
Award: $100,000
Units: 2
Project type: Rental

Project: LHFH 2017 New Construction Application
Location: Lexington, Ky.
Member: Community Trust Bank Inc., Pikeville, Ky.
Sponsor: Lexington Habitat for Humanity
Award: $125,000
Units: 5
Project type: Ownership

Project: 2017 Burdsal Valley Phase 1
Location: Pike, Ky.
Member: Community Trust Bank Inc., Pikeville, Ky.
Sponsor: Sandy Valley Habitat for Humanity Inc.
Award: $249,996
Units: 5
Project type: Ownership

Project: 2017 PH Homeownership Project
Location: Booneville, Ky.
Member: Farmers State Bank, Booneville, Ky.
Sponsor: Partnership Housing Inc.
Award: $212,490
Units: 10
Project type: Ownership

Project: 2017 PH Homeowner Rehabilitation Project
Location: Booneville, Ky.
Member: Farmers State Bank, Booneville, Ky.
Sponsor: Partnership Housing Inc.
Award: $150,000
Units: 10
Project type: Ownership

Project: HFH of Henderson 2017
Location: Henderson, Ky.
Member: Field & Main Bank, Henderson, Ky.
Sponsor: Habitat for Humanity of Henderson KY
Award: $100,000
Units: 4
Project type: Ownership

Project: Murray Calloway Co. HFH 2017
Location: Murray, Ky.
Member: FNB Bank Inc., Mayfield, Ky.
Sponsor: Murray Calloway County Habitat for Humanity
Award: $13,750
Units: 1
Project type: Ownership

Project: KCEOC Housing Development Project 2017
Location: Barbourville, Ky.
Member: Forcht Bank, Lexington, Ky.
Sponsor: KCEOC Community Action Partnership
Award: $61,499
Units: 2
Project type: Ownership

Project: 2017 Mattie Lee and Scattered Site Affordable Housing Project
Location: Montgomery, Ky.
Member: Kentucky Bank, Paris, Ky.
Sponsor: Frontier Housing Inc.
Award: $250,000
Units: 10
Project type: Ownership

Project: 2017 7 House Madison Clark
Location: Richmond, Ky.
Member: Peoples Bank & Trust Co. of Madison County, Berea, Ky.
Sponsor: Habitat for Humanity of Madison & Clark Counties
Award: $148,356
Units: 7
Project type: Ownership

Project: Habitat Louisville 2017 AHP Homes
Location: Louisville, Ky.
Member: Republic Bank & Trust Co., Louisville, Ky.
Sponsor: Habitat for Humanity of Metro Louisville
Award: $315,000
Units: 15
Project type: Ownership

Project: Lighthouse Recovery Women's Group Home
Location: Owensboro, Ky.
Member: Republic Bank & Trust Co., Louisville, Ky.
Sponsor: Lighthouse Recovery Services Inc.
Award: $128,250
Units: 9
Project type: Rental

Project: Lindbergh Landing at Meadowthorpe
Location: Lexington, Ky.
Member: RiverHills Bank, Milford, Ohio
Sponsor: AU Associates Inc.
Award: $442,500
Units: 61
Project type: Rental

Project: Gateway Children's Shelter Purchase
Location: Mount Sterling, Ky.
Member: Traditional Bank Inc., Mt. Sterling, Ky.
Sponsor: Gateway Children's Juvenile Justice Project
Award: $420,000
Units: 28
Project type: Rental

Project: Saratoga Place II
Location: Newport, Ky.
Member: U.S. Bank, Cincinnati, Ohio
Sponsor: Brighton Properties Inc.
Award: $402,584
Units: 48
Project type: Rental

Project: Union Co. HFH 2017
Location: Morganfield, Ky.
Member: United Community Bank of West Kentucky Inc., Morganfield, Ky.
Sponsor: Union County Habitat For Humanity Inc.
Award: $63,750
Units: 3
Project type: Ownership

Project: SCHFH17
Location: Georgetown, Ky.
Member: Whitaker Bank, Lexington, Ky.
Sponsor: Scott County Habitat for Humanity
Award: $127,928
Units: 3
Project type: Ownership


OHIO

Project: 2017 Habitat for Humanity of Greater Dayton Rehab
Location: Dayton, Ohio
Member: Civista Bank, Sandusky, Ohio
Sponsor: Habitat for Humanity of Greater Dayton
Award: $159,158
Units: 10
Project type: Ownership

Project: Joan Van Orman Beacon House
Location: Wooster, Ohio
Member: The Commercial & Savings Bank of Millersburg, Millersburg, Ohio
Sponsor: OneEighty Inc.
Award: $360,000
Units: 24
Project type: Rental

Project: Marquette Manor Senior Housing
Location: Cincinnati, Ohio
Member: Commonwealth Bank and Trust Co., Louisville, Ky.; and The Huntington National Bank, Columbus, Ohio
Sponsor: Cincinnati Metropolitan Housing Authority
Award: $560,000
Units: 56
Project type: Rental

Project: CHOICES
Location: Columbus, Ohio
Member: Fairfield Federal Savings and Loan Association of Lancaster, Lancaster, Ohio; and The Huntington National Bank, Columbus, Ohio
Sponsor: Lutheran Social Services of Central Ohio
Award: $880,500
Units: 120
Project type: Rental

Project: Quinn Court
Location: Chillicothe, Ohio
Member: Field & Main Bank, Henderson, Ky.
Sponsor: Pike Metropolitan Housing Authority
Award: $560,000
Units: 32
Project type: Rental

Project: Westhaven
Location: Columbus, Ohio
Member: Fifth Third Bank, Cincinnati, Ohio
Sponsor: UP Development, LLC
Award: $747,010
Units: 92
Project type: Rental

Project: Creative Living For Life Middleburg Heights
Location: Middleburg Heights, Ohio
Member: First Federal Savings and Loan Association of Lakewood, Lakewood, Ohio
Sponsor: Medina Creative Housing Inc.
Award: $182,500
Units: 16
Project type: Rental

Project: Sunrise Terrace
Location: New Carlisle, Ohio
Member: Home City Federal Savings Bank, Springfield, Ohio; and The Huntington National Bank, Columbus, Ohio
Sponsor: Episcopal Retirement Services Affordable Living LLC
Award: $655,483
Units: 48
Project type: Rental

Project: Buckhorn Village
Location: Newcomerstown, Ohio
Member: The Huntington National Bank, Columbus, Ohio
Sponsor: Testa Enterprises Inc.
Award: $271,278
Units: 50
Project type: Rental

Project: HOPE Senior Village
Location: East Canton, Ohio
Member: The Huntington National Bank, Columbus, Ohio
Sponsor: Helping Osnaburg Prosper Economically Inc.
Award: $400,000
Units: 40
Project type: Rental

Project: General Franklin
Location: Dayton, Ohio
Member: The Huntington National Bank, Columbus, Ohio; and Civista Bank, Sandusky, Ohio
Sponsor: Miami Valley Housing Opportunities Inc.
Award: $661,579 
Units: 38
Project type: Rental

Project: Glen Cottages 2017 - Ownership
Location: Yellow Springs, Ohio
Member: The Huntington National Bank, Columbus, Ohio
Sponsor: Yellow Springs Home Inc.
Award: $92,000
Units: 2
Project type: Ownership

Project: 2017 Parsons Place Columbus
Location: Columbus, Ohio
Member: The Huntington National Bank, Columbus, Ohio
Sponsor: Community Housing Network Inc.
Award: $906,078
Units: 62
Project type: Rental

Project: Glen Cottages 2017 - Rental
Location: Yellow Springs, Ohio
Member: The Huntington National Bank, Columbus, Ohio
Sponsor: Yellow Springs Home Inc.
Award: $300,000
Units: 6
Project type: Rental

Project: 2017 County Corp Home Repair
Location: Dayton, Ohio
Member: The Huntington National Bank, Columbus, Ohio
Sponsor: County Corp
Award: $150,000
Units: 20
Project type: Ownership

Project: Cincinnati Scholar House
Location: Cincinnati, Ohio
Member: JPMorgan Chase Bank, Columbus, Ohio
Sponsor: Cincinnati Union Bethel
Award: $440,000
Units: 44
Project type: Rental

Project: 2017 YWCA Dayton PSH
Location: Dayton, Ohio
Member: KeyBank, Cleveland, Ohio; and Cincinnati Development Fund, Cincinnati, Ohio
Sponsor: YWCA Dayton
Award: $1,000,000
Units: 65
Project type: Rental

Project: Broadway Park
Location: Youngstown, Ohio
Member: KeyBank, Cleveland, Ohio
Sponsor: National Church Residences
Award: $1,000,000
Units: 60
Project type: Rental

Project: Knickerbocker Apartments Rehab 2017
Location: Bay Village, Ohio
Member: KeyBank, Cleveland, Ohio; and Ohio Capital Finance Corp., Columbus, Ohio
Sponsor: Bay Inter-faith Housing
Award: $1,000,000
Units: 148
Project type: Rental

Project: ABCAP Housing Renovations
Location: Fayetteville, Ohio
Member: KeyBank, Cleveland, Ohio; and Ohio Capital Finance Corp., Columbus, Ohio
Sponsor: Adams Brown Counties Economic Opportunities Inc.
Award: $579,942
Units: 58
Project type: Rental

Project: Madison Villa
Location: Cincinnati, Ohio
Member: Ohio Capital Finance Corp., Columbus, Ohio; KeyBank, Cleveland, Ohio; and Cincinnati Development Fund, Cincinnati, Ohio
Sponsor: Episcopal Retirement Services Affordable Living LLC
Award: $929,907
Units: 93
Project type: Rental

Project: Brandt Meadows
Location: Dayton, Ohio
Member: Ohio Capital Finance Corp., Columbus, Ohio; and The Huntington National Bank, Columbus, Ohio
Sponsor: County Corp 
Award: $507,327
Units: 55
Project type: Rental

Project: Middlebury Commons
Location: Akron, Ohio
Member: Ohio Capital Finance Corp., Columbus, Ohio
Sponsor: East Akron Neighborhood Development Corp.
Award: $671,552
Units: 40
Project type: Rental

Project: Shyville Senior Living
Location: Piketon, Ohio
Member: Ohio Capital Finance Corp., Columbus, Ohio; and The Huntington National Bank, Columbus, Ohio
Sponsor: Pike Metropolitan Housing Authority
Award: $577,000
Units: 42
Project type: Rental

Project: 2017 Dolly Rehab
Location: Dayton, Ohio
Member: Park National Bank, Newark, Ohio
Sponsor: Midwest Acquisitions & Management LLC
Award: $825,000
Units: 33
Project type: Rental

Project: 2017 Grove Street PSH
Location: Middletown, Ohio
Member: RiverHills Bank, Milford, Ohio
Sponsor: Hope House Mission Inc.
Award: $300,000
Units: 30
Project type: Rental

Project: The 821 Flats
Location: Cincinnati, Ohio
Member: RiverHills Bank, Milford, Ohio
Sponsor: Tender Mercies Inc.
Award: $919,000
Units: 57
Project type: Rental

Project: Homefull Family Living Center
Location: Dayton, Ohio
Member: RiverHills Bank, Milford, Ohio; and Ohio Capital Finance Corp., Columbus, Ohio
Sponsor: Homefull
Award: $746,400
Units: 34
Project type: Rental

Project: CHS Home Repair Program
Location: Cleveland, Ohio
Member: Third Federal Savings and Loan Association of Cleveland, Cleveland, Ohio
Sponsor: Community Housing Solutions
Award: $500,000
Units: 50
Project type: Ownership


TENNESSEE

Project: Aging in Place 2018
Location: Memphis, Tenn.
Member: Bank of Bartlett, Memphis, Tenn.
Sponsor: Habitat for Humanity of Greater Memphis
Award: $201,945
Units: 30
Project type: Ownership

Project: The Grove 2017
Location: Crossville, Tenn.
Member: Bank of Putnam County, Cookeville, Tenn.
Sponsor: Crossville Housing Authority
Award: $54,980
Units: 4
Project type: Ownership

Project: 2017 Kirkland Phase III
Location: Jonesborough, Tenn.
Member: Bank of Tennessee, Johnson City, Tenn.
Sponsor: Eastern Eight Community Development Corp.
Award: $200,000
Units: 4
Project type: Rental

Project: New Build 2017
Location: Elizabethton, Tenn.
Member: Bank of Tennessee, Johnson City, Tenn.
Sponsor: Appalachia Service Project Inc.
Award: $375,000
Units: 15
Project type: Ownership

Project: Dunbar Apartments
Location: Johnson City, Tenn.
Member: Bank of Tennessee, Johnson City, Tenn.
Sponsor: Johnson City Housing Authority
Award: $1,000,000
Units: 80
Project type: Rental

Project: The Village at Holston Place
Location: Knoxville, Tenn.
Member: Pinnacle Bank, Nashville, Tenn.
Sponsor: Knox Housing Partnership dba HomeSource of East Tennessee
Award: $330,000
Units: 24
Project type: Rental

Project: Habitat for Humanity of Greater Nashville 2017
Location: Dickson, Tenn.
Member: Pinnacle Bank, Nashville, Tenn.
Sponsor: Habitat for Humanity of Greater Nashville
Award: $850,000
Units: 40
Project type: Ownership

Project: 26th & Clarksville Senior Building
Location: Nashville, Tenn.
Member: Pinnacle Bank, Nashville, Tenn.
Sponsor: Urban Housing Solutions
Award: $1,000,000
Units: 52
Project type: Rental

Project: 2017 Sumner County TN Habitat
Location: Gallatin, Tenn.
Member: Reliant Bank, Franklin, Tenn.
Sponsor: Habitat for Humanity of Sumner County TN Inc.
Award: $162,785
Units: 7
Project type: Ownership


OTHER STATES

Project: Mary Bethune Highrise
Location: Tampa, Fla.
Member: JPMorgan Chase Bank, Columbus, Ohio
Sponsor: Housing Authority of the City of Tampa
Award: $1,000,000
Units: 150
Project type: Rental

Project: Generations at West Mesa
Location:
Albuquerque, N.M.
Member:
JPMorgan Chase Bank, Columbus, Ohio
Sponsor:
Catholic Charities
Award:
$450,000
Units:
54
Project type:
Rental

Project: Minnie Hartmann Center
Location: Indianapolis, Ind.
Member: RiverHills Bank, Milford, Ohio
Sponsor: Near East Area Renewal Inc.
Award: $774,125
Units: 64
Project type: Rental

Project: Choice Neighborhood Homeowner Assistance Program
Location: Pittsburgh, Pa.
Member: Dollar Bank, F.S.B., Pittsburgh, Pa.
Sponsor: Pittsburgh Housing Development Corp.
Award: $150,000
Units: 15
Project type: Ownership

Project: The Lakeview at Franklin, Franklin WI
Location: Franklin, Wisc.
Member: U.S. Bank, Cincinnati, Ohio
Sponsor: Lutheran Social Services of Wisconsin and Upper Michigan Inc.
Award: $400,000
Units: 48
Project type: Rental