Affordable Housing Program Application OASYS Log In

 

The Affordable Housing Program (AHP) is our largest and most impactful initiative – more than $355 million disbursed since 1990 to create almost 39,000 affordable housing units. AHP can be used to fund both ownership and rental projects. Grants are awarded on a competitive basis in one offering each year. Applications are typically accepted between June and August, with awards in November.

The following is only a brief summary of the AHP. Complete program details, including guidelines, limits, definitions, and requirements are provided in the current AHP Implementation Plan and related documents which are available in the link below.

Source of AHP Funds

Each of the Federal Home Loan Banks sets aside 10 percent of net earnings annually to be used as subsidies to finance development of affordable housing. The funds are made available only through financial institutions that are members of the Federal Home Loan Banks. Non-profits, local governments, community development corporations, for-profits, and other organizations (known as sponsors), seeking AHP funding must submit an application through a financial institution that is a member of a Federal Home Loan Bank.

Use of Funds

AHP funds can be used to assist with the funding of new construction, acquisition, rehabilitation or any combination thereof for ownership and rental housing serving very low-, low- and moderate-income households. Very low-income households are those with annual incomes at or below 50 percent of area median income. Low- and moderate-income households are those with annual incomes at or below 80 percent of area median income. The area median income guidelines are defined annually by the U.S. Department of Housing and Urban Development (HUD).

Availability of Funds

AHP funds are made available through a single competitive offering conducted annually. Interested members and sponsors have until the closing date for each offering to submit an application. Applications must be completed and submitted online to the FHLB by 5:00 p.m. EDT, July 31, 2020, for the FHLB’s 2020 offering.

Information and Technical Assistance

The FHLB is a source of technical assistance in developing projects and can help connect sponsors to members, if requested. For more information or assistance, please contact Housing & Community Investment Department (HCI) toll-free at (888) 345-2246 or by email at AHPApplication@fhlbcin.com. HCI also maintains a frequently asked questions page for the AHP application process.

Affordable Housing Program resources

  • OASYS Registration Instructions [PDF]
  • AHP Implementation Plan [PDF]
  • AHP Retention Requirements [PDF]
  • Summary of 2020 AHP IP Changes [PDF]
  • AHP HUD MTSP Median Income Limits
  • Subsidy Recapture Procedures
  • Subsidy Payoff Request Form [PDF]
  • Income Eligibility Guide [PDF]
  • Income and Affordability Workbook [EXCEL]
  • Certification of Zero Income [PDF]
  • Initial Monitoring Occupancy Report Form [EXCEL]
  • Long-term Monitoring Occupancy Report Form [EXCEL]
  • AHP Modification Request Form [WORD]
  • AHP Sponsor Commitment Verification Form [PDF]
  • AHP Pre-approval Request Manual [PDF]
  • AHP Pre-Approval Request Form [PDF]
  • AHP Habitat Disbursement Manual [PDF]
  • AHP Habitat Disbursement Request Form [PDF]
  • Habitat Detailed Cost Breakdown [EXCEL]
  • AHP Ownership Disbursement Manual [PDF]
  • AHP Ownership Disbursement Request Form [PDF]
  • AHP Owner-occupied Rehab Disbursement Manual [PDF]
  • AHP Owner-occupied Rehab Disbursement Request Form [PDF]
  • AHP Owner-occupied Rehab Development Budget [EXCEL]
  • Pre-Rehabilitation Inspection Form [PDF]
  • Post-Rehabilitation Inspection Form [PDF]
  • AHP Early Disbursement Manual [PDF]
  • AHP Early Disbursement Request Form [PDF]
  • AHP Rental Disbursement Manual [PDF]
  • AHP Rental Disbursement Request Form [PDF]
  • AHP Tax Credit Rental Disbursement Manual [PDF]
  • AHP Tax Credit Rental Disbursement Request Form [PDF]
  • 2020 Ownership Pre-Approvals [PDF | WEBINAR]
  • 2019 Navigating the New OASYS System & Sponsor Registration [PDF | WEBINAR]
  • 2020 Members Only: OASYS and the New AHP Application [PDF | WEBINAR]
  • Navigating the New AHP Application [PDF | WEBINAR]
  • AHP 2020 Overview and Threshold Requirements [PDF | WEBINAR]
  • AHP 2019 Scoring and Required Documents [PDF | WEBINAR]
  • AHP 2019 Financial Feasibility [PDF | WEBINAR]
  • AHP For Recently Awarded Projects [PDF | WEBINAR]
  • Disbursements for Habitat Projects - Documentation and Financials [PDF | WEBINAR]
  • Habitat Disbursements [PDF | WEBINAR]
  • Disbursements for Rental Projects - Attachments and Financials [PDF | WEBINAR]
  • Disbursement for Rental Projects - Documentation [PDF | WEBINAR]
  • Disbursements for Ownership Projects - Documentation and Financials [PDF | WEBINAR]
  • Disbursements for Owner-occupied Rehab Projects - Documentation and Financials [PDF | WEBINAR]
  • Disbursements for Tax Credit Projects - Attachments and Financials [PDF | WEBINAR]
  • Disbursements for Tax Credit Projects - Documentation [PDF | WEBINAR]
  • Early Disbursements for Rental Projects [PDF | WEBINAR]
  • Periodic Monitoring Prior to Project Completion for Ownership & Rental Projects [PDF | WEBINAR]
  • Initial and Long-term Monitoring [PDF | WEBINAR]