The 2016 Affordable Housing Program (AHP) awards were approved by the FHLB Cincinnati's Board of Directors on November 17, 2016. A total of 38 members will receive more than $27.6 million in AHP subsidy to help produce 2,062 units of affordable housing for low- and very low-income residents. Of 63 project awards, 27 support owner-occupied housing and 36 support rental housing.
FHLB Cincinnati allocates 10 percent of its net income annually into the AHP, which makes housing more affordable for households 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.
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.
Project: 2016 Homebuyer - Hazard, Ky.
Location: Hazard, Hindman, Hyden, and Jackson, Ky.
Member: 1st Trust Bank, Hazard, Ky.
Sponsor: Housing Development Alliance Inc.
Award: $400,000
Units: 8
Project type: Ownership
Project: Bob Brown House II, Lexington, KY 2016
Location: Lexington, Ky.
Member: Central Bank & Trust Co., Lexington, Ky.
Sponsor: Lexington Housing for the Handicapped Inc. (d/b/a Bob Brown House)
Award: $319,500
Units: 24
Project type: Rental
Project: Lyndhurst Place
Location: Lexington, Ky.
Member: Central Bank & Trust Co., Lexington, Ky.
Sponsor: Shepherd's House Inc.
Award: $221,400
Units: 17
Project type: Rental
Project: 2016 Lewis County Homebuyer Program
Location: Garrison, Tollesboro, and Vanceburg, Ky.
Member: Citizens Deposit Bank & Trust, Vanceburg, Ky.
Sponsor: People's Self-Help Housing Inc.
Award: $148,000
Units: 8
Project type: Ownership
Project: Cave Run Area HFH 2016
Location: Frenchburg, Morehead, and West Liberty, Ky.
Member: Commercial Bank, West Liberty, Ky.
Sponsor: Cave Run Area Habitat for Humanity
Award: $106,250
Units: 5
Project type: Ownership
Project: Lexington HFH 2016
Location: Lexington, Ky.
Member: Community Trust Bank Inc., Pikeville, Ky.
Sponsor: Lexington Habitat for Humanity
Award: $106,250
Units: 5
Project type: Ownership
Project: Lexington HFH 2016 #2
Location: Lexington, Ky.
Member: Community Trust Bank Inc., Pikeville, Ky.
Sponsor: Lexington Habitat for Humanity
Award: $106,250
Units: 5
Project type: Ownership
Project: Kentucky Highlands Scattered Site Homeownership 2016
Location: Cumberland County, Clinton County, Laurel County, McCreary County, Pulaski County, Rockcastle County, Wayne County and Whitley County, Ky.
Member: Cumberland Valley National Bank and Trust Company, East Bernstadt, Ky.
Sponsor: Kentucky Highlands Investment Corp.
Award: $212,500
Units: 10
Project type: Ownership
Project: 2016 PH Homeownership Project
Location: Booneville, Ky.
Member: Farmers State Bank, Booneville, Ky.
Sponsor: Partnership Housing Inc.
Award: $106,000
Units: 5
Project type: Ownership
Project: HFH of Henderson 2016
Location: Henderson, Ky.
Member: Field & Main Bank, Henderson, Ky.
Sponsor: Habitat for Humanity of Henderson Ky.
Award: $75,000
Units: 3
Project type: Ownership
Project: HFH of Hopkins Co. 2016
Location: Hawesville and Madisonville, Ky.
Member: First United Bank and Trust Company, Madisonville, Ky.
Sponsor: Habitat for Humanity of Hopkins County
Award: $100,000
Units: 4
Project type: Ownership
Project: KCEOC Housing Development Project 2016
Location: Corbin, Girdler, and Gray, Ky.
Member: Forcht Bank, Lexington, Ky.
Sponsor: KCEOC Community Action Partnership
Award: $54,348
Units: 3
Project type: Ownership
Project: Yellow Rock Place
Location: Barbourville, Ky.
Member: Hometown Bank of Corbin Inc., Corbin, Ky.
Sponsor: Cumberland Valley Housing Corp.
Award: $1,000,000
Units: 32
Project type: Rental
Project: AMD Portfolio 2016, Scattered Sites, Ky.
Location: Corinth, Crittenden, Somerset, Tompkinsville, and Whitley City, Ky.
Member: Hometown Bank of Corbin Inc., Corbin, Ky.
Sponsor: KCEOC Community Action Partnership
Award: $807,863
Units: 100
Project type: Rental
Project: 2016 Five House Plan
Location: Richmond and Winchester, Ky.
Member: Peoples Bank & Trust Company of Madison County, Berea, Ky.
Sponsor: Habitat for Humanity of Madison & Clark Counties
Award: $124,749
Units: 5
Project type: Ownership
Project: HFH Metro Louisville 2016
Location: Jefferson County and Oldham County, Ky.
Member: Republic Bank & Trust Company, Louisville, Ky.
Sponsor: Habitat for Humanity of Metro Louisville
Award: $160,000
Units: 8
Project type: Ownership
Project: Mya Manor
Location: Beaver Dam, Ky.
Member: The Cecilian Bank, Elizabethtown, Ky.
Sponsor: Audubon Area Community Services Inc.
Award: $800,000
Units: 32
Project type: Rental
Project: Maddox Manor
Location: Brownsville, Ky.
Member: The Cecilian Bank, Elizabethtown, Ky.
Sponsor: Parkland Manor Inc.
Award: $800,000
Units: 32
Project type: Rental
Project: Saratoga Place I
Location: Newport, Ky.
Member: U.S. Bank, Cincinnati, Ohio
Sponsor: Brighton Properties Inc.
Award: $655,246
Units: 48
Project type: Rental
Project: Briggsdale Apartments II
Location: Columbus, Ohio
Member: The Arlington Bank, Upper Arlington, Ohio and The Huntington National Bank, Columbus, Ohio
Sponsor: Community Housing Network Inc.
Award: $850,000
Units: 40
Project type: Rental
Project: 2016 Laurel Green Columbus Ohio
Location: Columbus, Ohio
Member: The Arlington Bank, Upper Arlington, Ohio and The Huntington National Bank, Columbus, Ohio
Sponsor: Community Housing Network Inc.
Award: $1,000,000
Units: 40
Project type: Rental
Project: 2016 Parsons Place Columbus
Location: Columbus, Ohio
Member: The Arlington Bank, Upper Arlington, Ohio and The Huntington National Bank, Columbus, Ohio
Sponsor: Community Housing Network Inc.
Award: $1,000,000
Units: 62
Project type: Rental
Project: 2016 Building Brighter Futures
Location: Dayton and Xenia, Ohio
Member: Civista Bank, Sandusky, Ohio
Sponsor: Habitat for Humanity of Greater Dayton
Award: $225,000
Units: 10
Project type: Ownership
Project: Faith Mission
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: $1,000,000
Units: 176
Project type: Rental
Project: 2016 RTNEO Blitz Build/Building a Healthy Neighborhood
Location: Akron and Cleveland, Ohio
Member: Fifth Third Bank, Cincinnati, Ohio
Sponsor: Rebuilding Together Northeast Ohio Inc.
Award: $170,000
Units: 17
Project type: Ownership
Project: Commons at South Cumminsville
Location: Cincinnati, Ohio
Member: Fifth Third Bank, Cincinnati, Ohio
Sponsor: National Church Residences
Award: $1,000,000
Units: 80
Project type: Rental
Project: Lincoln Place
Location: Toledo, Ohio
Member: First Federal Bank of the Midwest, Defiance, Ohio and The Huntington National Bank, Columbus, Ohio
Sponsor: TASC of Northwest Ohio Inc.
Award: $1,000,000
Units: 67
Project type: Rental
Project: Stoney Pointe Commons
Location: Akron, Ohio
Member: The Home Savings and Loan Company, Youngstown, Ohio and The Huntington National Bank, Columbus, Ohio
Sponsor: Community Support Services
Award: $1,000,000
Units: 68
Project type: Rental
Project: Wadsworth Creative Living
Location: Wadsworth, Ohio
Member: The Huntington National Bank, Columbus, Ohio and Third Federal Savings and Loan Association of Cleveland, Cleveland, Ohio
Sponsor: Medina Creative Housing Inc.
Award: $354,430
Units: 16
Project type: Rental
Project: Forest Village Homes 2016
Location: Yellow Springs, Ohio
Member: The Huntington National Bank, Columbus, Ohio
Sponsor: Yellow Springs Home Inc.
Award: $249,999
Units: 6
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: $1,000,000
Units: 40
Project type: Rental
Project: Brandt Meadows
Location: Dayton, Ohio
Member: The Huntington National Bank, Columbus, Ohio and Ohio Capital Finance Corp., Columbus, Ohio
Sponsor: County Corp
Award: $550,000
Units: 55
Project type: Rental
Project: The Enclave at Arbor Ridge
Location: Canton, Ohio
Member: The Huntington National Bank, Columbus, Ohio and Ohio Capital Finance Corp., Columbus, Ohio
Sponsor: ICAN Inc.
Award: $587,495
Units: 14
Project type: Rental
Project: The Cottages at Riverview
Location: Elyria, Ohio
Member: JPMorgan Chase Bank, Columbus, Ohio
Sponsor: New Sunrise Properties
Award: $555,355
Units: 62
Project type: Rental
Project: ABCAP Housing Renovations
Location: Fayetteville and Georgetown, Ohio
Member: KeyBank, Cincinnati, Ohio and RiverHills Bank, Milford, Ohio
Sponsor: Adams Brown Counties Economic Opportunities Inc.
Award: $797,442
Units: 58
Project type: Rental
Project: 2016 YWCA Dayton PSH
Location: Dayton, Ohio
Member: KeyBank, Cincinnati, Ohio and Ohio Capital Finance Corp., Columbus, Ohio
Sponsor: YWCA Dayton
Award: $649,935
Units: 65
Project type: Rental
Project: Westerly II
Location: Lakewood, Ohio
Member: KeyBank, Cincinnati, Ohio
Sponsor: Lakewood Senior Citizens Inc.
Award: $1,000,000
Units: 154
Project type: Rental
Project: Peak of Ohio Apartments
Location: Bellefontaine, Ohio
Member: Liberty National Bank, Ada, Ohio
Sponsor: Residential Administrators Inc.
Award: $299,988
Units: 12
Project type: Rental
Project: Lorain Shelter, Lorain, Ohio
Location: Lorain, Ohio
Member: Ohio Capital Finance Corp., Columbus, Ohio
Sponsor: Catholic Charities Housing Corp.
Award: $687,500
Units: 50
Project type: Rental
Project: Parkman Landing for Seniors
Location: Warren, Ohio
Member: Ohio Capital Finance Corp., Columbus, Ohio
Sponsor: Warren Housing Development Corp.
Award: $600,000
Units: 60
Project type: Rental
Project: 2016 Kings Mill Plaza
Location: Dayton, Ohio
Member: The Park National Bank, Newark, Ohio
Sponsor: Sanclare Properties, LLC
Award: $200,000
Units: 8
Project type: Rental
Project: HFHSEO 2016-19 Project
Location: Logan, Middleport, Multiple, Stockport, and Zanesville, Ohio
Member: The Park National Bank, Newark, Ohio
Sponsor: Habitat for Humanity of Southeast Ohio
Award: $250,000
Units: 10
Project type: Ownership
Project: HFH of Greater Cincinnati 2016
Location: Cincinnati, Ohio
Member: The Park National Bank, Newark, Ohio
Sponsor: Habitat for Humanity of Greater Cincinnati
Award: $87,500
Units: 5
Project type: Ownership
Project: Northwest Boulevard 2016
Location: Upper Arlington, Ohio
Member: The Park National Bank, Newark, Ohio
Sponsor: Community Housing Network Inc.
Award: $110,000
Units: 8
Project type: Rental
Project: Vansant Commons
Location: Piketon, Ohio
Member: The Park National Bank, Newark, Ohio
Sponsor: Pike Metropolitan Housing Authority
Award: $625,000
Units: 97
Project type: Rental
Project: Bond Hill Roselawn Senior Housing
Location: Cincinnati, Ohio
Member: RiverHills Bank, Milford, Ohio
Sponsor: Gardner Capital Development Ohio, LLC
Award: $214,042
Units: 50
Project type: Rental
Project: The Community Gardens
Location: Springfield, Ohio
Member: RiverHills Bank, Milford, Ohio
Sponsor: Neighborhood Housing Partnership of Greater Springfield
Award: $704,293
Units: 50
Project type: Rental
Project: Byrne Road
Location: Toledo, Ohio
Member: Signature Bank, N.A., Toledo, Ohio
Sponsor: Neighborhood Properties Inc.
Award: $514,656
Units: 24
Project type: Rental
Project: CHS Home Repair
Location: Cleveland, Maple Heights, Ohio
Member: Third Federal Savings and Loan Association, Cleveland, Ohio
Sponsor: Community Housing Solutions
Award: $300,000
Units: 30
Project type: Ownership
Project: Aging in Place 2017
Location: Memphis, Tenn.
Member: Bank of Bartlett, Bartlett, Tenn.
Sponsor: Habitat for Humanity of Greater Memphis
Award: $240,000
Units: 45
Project type: Ownership
Project: Habitat of Cleveland (TN) Builds 2017/2020
Location: Cleveland, Tenn.
Member: Bank of Cleveland, Cleveland, Tenn.
Sponsor: Habitat for Humanity of Cleveland
Award: $161,761
Units: 9
Project type: Ownership
Project: Autumn Terrace II
Location: Crossville, Tenn.
Member: Bank of Putnam County, Cookeville, Tenn.
Sponsor: Crossville Housing Authority
Award: $250,000
Units: 12
Project type: Rental
Project: New Build 2016
Location: Greeneville, Johnson City, Kingsport, Mountain City, and Tazewell, Tenn.
Member: Bank of Tennessee, Kingsport, Tenn.
Sponsor: Appalachia Service Project
Award: $225,000
Units: 9
Project type: Ownership
Project: Holston Habitat Community Impact
Location: Bristol, Elizabethton, Johnson City, and Kingsport, Tenn.
Member: Bank of Tennessee, Kingsport, Tenn.
Sponsor: Holston Habitat for Humanity
Award: $178,195
Units: 10
Project type: Ownership
Project: Buffalo Valley, Inc-2016 Chattanooga McDowell
Location: Chattanooga, Tenn.
Member: Peoples Bank, Clifton, Tenn.
Sponsor: Buffalo Valley Inc.
Award: $200,000
Units: 4
Project type: Rental
Project: 2016 Rutherford County Area Habitat for Humanity Build
Location: La Vergne, Murfreesboro, and Smyrna, Tenn.
Member: Pinnacle Bank, Nashville, Tenn.
Sponsor: Rutherford County Area Habitat for Humanity
Award: $250,000
Units: 10
Project type: Ownership
Project: 2016 Cedar Point Living
Location: Tazewell, Tenn.
Member: Pinnacle Bank, Nashville, Tenn.
Sponsor: Senior Citizens Home Assistance Service Inc.
Award: $133,280
Units: 9
Project type: Rental
Project: Habitat for Humanity of Greater Nashville 2016
Location: Antioch, Dickson, Lebanon, and Nashville, Tenn.
Member: Pinnacle Bank, Nashville, Tenn.
Sponsor: Habitat for Humanity of Greater Nashville
Award: $850,000
Units: 40
Project type: Ownership
Project: 2016 HFHWM AHP
Location: Columbia, Fairview, and Franklin, Tenn.
Member: Pinnacle Bank, Nashville, Tenn.
Sponsor: Habitat for Humanity Williamson-Maury
Award: $275,000
Units: 20
Project type: Ownership
Project: 2016 Loudon Rehab United
Location: Loudon, Tenn.
Member: SouthEast Bank, Farragut, Tenn.
Sponsor: Loudon County Habitat for Humanity Inc.
Award: $44,000
Units: 6
Project type: Ownership
Project: 2016 Hope Haven Sunset
Location: Loudon, Tenn.
Member: SouthEast Bank, Farragut, Tenn.
Sponsor: Loudon County Habitat for Humanity Inc.
Award: $104,000
Units: 5
Project type: Ownership
Project: 2016 Not In Our City
Location: Oak Ridge, Tenn.
Member: TNBANK, Oak Ridge, Tenn.
Sponsor: Habitat for Humanity of Anderson County
Award: $52,200
Units: 3
Project type: Ownership
Project: Skyline Apartments (fka Odd Fellow Manor)
Location: Norfolk, Nebraska
Member: U.S. Bank, Cincinnati, Ohio
Sponsor: Norfolk Housing Development Corp.
Award: $779,906
Units: 92
Project type: Rental