THE 2020 AFFORDABLE HOUSING PROGRAM (AHP) AWARDS were approved by the FHLB Cincinnati's Board of Directors on November 19, 2020. A total of 27 members will receive nearly $28.4 million in AHP subsidy to help produce 2,356 units of affordable housing for low- and very low-income residents, and 17 market-rate units. Of 49 project awards, 16 support owner-occupied housing and 33 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.

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: 2020 Burdsal Valley Phase 2
Location:
Pike County, Ky.
Member:
Community Trust Bank, Inc., Pikeville, Ky.
Sponsor:
Sandy Valley Habitat for Humanity, Inc.
Award:
$250,000
Units: 
5
Project type:
Ownership

Project: 2020 Homeowner Rehabilitation Project
Location:
Owsley County, Ky.
Member:
Farmers State Bank, Booneville, Ky.
Sponsor:
Partnership Housing, Inc.
Award:
$275,000
Units:
20
Project type:
Ownership

Project: Habitat for Humanity of Henderson 2020
Location: Henderson County, Ky.
Member: Field & Main Bank, Henderson, Ky.
Sponsor: Habitat for Humanity of Henderson, KY, Inc.
Award: $106,250
Units: 5
Project type: Ownership

Project: MARC Residences
Location:
Bowling Green, Ky.
Member:
Field & Main Bank, Henderson, Ky.
Sponsor:
The Center for Addiction Recovery of Henderson, Inc.
Award:
$320,000
Units:
32
Project type:
Rental

Project: KMHDC 2020 Affordable Housing Initiative
Location: Clay, Jackson and Owsley counties, Ky.
Member: Jackson County Bank, McKee, Ky.
Sponsor: Kentucky Mountain Housing Development Corporation, Inc.
Award: $160,000
Units: 16
Project type: Ownership

Project: Cumberland River RHOAR Center
Location: Middleboro, Ky.
Member: The Cecilian Bank, Elizabethtown, Ky.
Sponsor: Cumberland River Behavioral Health, Inc.
Award: $1,000,000
Units: 82
Project type: Rental

Project: Maddox Manor
Location: Glasgow, Ky.
Member: The Cecilian Bank, Elizabethtown, Ky.
Sponsor: Housing Assistance and Development Services, Inc. (HANDS) and Wabuck Development Company, Inc.
Award: $550,000
Units: 40
Project type: Rental

Project: Marian Manor
Location: Smiths Grove, Ky.
Member: The Cecilian Bank, Elizabethtown, Ky.
Sponsor: Parkland Manor, Inc. and Wabuck Development Company, Inc.
Award: $440,000
Units: 44
Project type: Rental

Project: Stone River Apartments
Location: Brownsville, Ky.
Member: The Cecilian Bank, Elizabethtown, Ky.
Sponsor: Parkland Manor, Inc.
Award: $400,000
Units: 40
Project type: Rental 


OHIO

Project: Secor Senior Lofts
Location: Toldeo, Ohio
Member: Fifth Third Bank, Cincinnati, Ohio
Sponsor: Great Lakes Community Action Partnership and MVAH Holding LLC
Award: $797,500
Units: 58
Project type: Rental

Project: Apple Street Senior
Location: Cincinnati, Ohio
Member: Fifth Third Bank, Cincinnati, Ohio
Sponsor: Pennrose, LLC and Cincinnati Northside Community Urban Redevelopment Corporation
Award: $523,772
Units: 57
Project type: Rental

Project: Mulby Place
Location: Columbus, Ohio
Member: JP Morgan Chase Bank, Columbus, Ohio
Sponsor: Columbus Housing Partnership, Inc.
Award: $1,000,000
Units: 100
Project type: Rental

Project: Mayflower Manor Apartments
Location: Akron, Ohio
Member: KeyBank, Cleveland Ohio
Sponsor: House of David Preservation, Inc. and Capital Realty Group, Inc.
Award: $1,000,000
Units: 233
Project type: Rental

Project: Habitat for Humanity of Greater Cincinnati 2020
Location: Butler and Hamilton counties, Ohio and Boone, Campbell and Kenton counties, Ky.
Member: Republic Bank & Trust Company, Louisville, Ky.
Sponsor: Habitat for Humanity of Greater Cincinnati
Award: $212,500
Units: 10
Project type: Ownership

Project: Colerain Central
Location: Cincinnati, Ohio
Member: RiverHills Bank, Milford, Ohio and Heritage Bank, Burlington, Ky.
Sponsor: Excel Development Co., Inc.
Award: $682,294
Units: 18
Project type: Rental

Project: First Holzer Apartments
Location: Gallipolis, Ohio
Member: RiverHills Bank, Milford, Ohio
Sponsor: Buckeye Community Hope Foundation
Award: $936,709
Units: 54
Project type: Rental

Project: Eastern Woods Senior
Location: Findlay, Ohio
Member: RiverHills Bank, Milford, Ohio
Sponsor: Pennrose, LLC and Blanchard Valley Health System
Award: $500,000
Units: 50
Project type: Rental

Project: Park Village I
Location: Shelby, Ohio
Member: RiverHills Bank, Milford, Ohio and Heritage Bank, Burlington, Ky.
Sponsor: National Church Residences of Shelby
Award: $1,000,000
Units: 80
Project type: Rental

Project: Applewood Manor
Location: Proctorville, Ohio
Member: RiverHills Bank, Milford, Ohio and Heritage Bank, Burlington, Ky.
Sponsor: Ironton & Lawrence County Area Community Action Organization
Award: $1,000,000
Units: 50
Project type: Rental

Project: Prairie Gardens
Location: Wilmington, Ohio
Member: RiverHills Bank, Milford, Ohio and First Financial Bank, Cincinnati, Ohio
Sponsor: Episcopal Retirement Services Affordable Living LLC
Award: $892,500
Units: 42
Project type: Rental

Project: YWCA Hamilton PSH 2020
Location: Hamilton, Ohio
Member: RiverHills Bank, Milford, Ohio and First Financial Bank, Cincinnati, Ohio
Sponsor: Young Women's Christian Association of Hamilton, Ohio, Inc.
Award: $1,000,000
Units: 45
Project type: Rental

Project: Buckeye Fields
Location: Marietta, Ohio
Member: Settlers Bank, Marietta, Ohio
Sponsor: Buckeye Hills Support Services, Inc. and Community Building Partners LLC
Award: $880,000
Units: 64
Project type: Rental

Project: OneEighty Women's Recovery House
Location:
Wooster, Ohio
Member:
The Commercial & Savings Bank of Millersburg, Millersburg, Ohio​
Sponsor:
OneEighty, Inc.
Award:
$180,000
Units:
12
Project type:
Rental

Project: Oxford Place
Location: Canton, Ohio
Member: The Huntington National Bank, Columbus, Ohio and Premier Bank, Defiance, Ohio
Sponsor: East Akron Neighborhood Development Corporation
Award: $590,000
Units: 62
Project type: Rental

Project: Trumbull County Emergency Home Repairs 2020
Location: Trumbull County, Ohio
Member: The Huntington National Bank, Columbus, Ohio
Sponsor: Trumbull Neighborhood Partnership
Award: $152,750
Units: 16
Project type: Ownership

Project: HOPE Senior Village
Location: Canton, Ohio
Member: The Huntington National Bank, Columbus, Ohio and Ohio Capital Finance Corporation, Columbus, Ohio
Sponsor: Helping Osnaburg Prosper Economically Incorporated and Testa Enterprises, Inc.
Award: $550,000
Units: 40
Project type: Rental

Project: I PROMISE Housing
Location: Akron, Ohio
Member: The Huntington National Bank, Columbus, Ohio and Premier Bank, Defiance, Ohio
Sponsor: East Akron Neighborhood Development Corporation
Award: $687,500
Units: 50
Project type: Rental

Project: Portsmouth Senior Lofts
Location: Portsmouth, Ohio
Member: The Huntington National Bank, Columbus, Ohio and CareSource Reinsurance, LLC, Dayton, Ohio
Sponsor: St. Mary Development Corporation
Award: $927,500
Units: 53
Project type: Rental

Project: Hamilton Crossing Annex
Location: Whitehall, Ohio
Member: The Huntington National Bank, Columbus, Ohio
Sponsor: Central Ohio Housing Development Organization, Inc.
Award: $640,000
Units: 32
Project type: Rental

Project: CHN Touchstone Field Place I
Location: Columbus, Ohio
Member: The Huntington National Bank, Columbus, Ohio and The Affordable Housing Trust of Columbus & Franklin County, Columbus, Ohio
Sponsor: Community Housing Network, Inc.
Award: $1,000,000
Units: 56
Project type: Rental

Project: Glen Cottages Rental 2020
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: Glen Cottages for Sale 2020
Location: Greene County, Ohio
Member: The Huntington National Bank, Columbus, Ohio
Sponsor: Yellow Springs Home, Inc.
Award: $200,000
Units: 4
Project type: Ownership

Project: McArthur Gardens
Location: Chillicothe, Ohio
Member: The Park National Bank, Newark, Ohio
Sponsor: Pike Metropolitan Housing Authority
Award: $550,000
Units: 40
Project type: Rental

Project: CHS Home Repair 2021-South Euclid and Cuyahoga County
Location: Cuyahoga County, Ohio
Member: Third Federal Savings and Loan Association of Cleveland, Cleveland, Ohio
Sponsor: Community Housing Solutions
Award: $500,000
Units: 50
Project type: Ownership

Project: CHS Home Repair 2021-Lyndhurst and Cuyahoga County
Location: Cuyahoga County, Ohio
Member: Third Federal Savings and Loan Association of Cleveland, Cleveland, Ohio
Sponsor: Community Housing Solutions
Award: $1,000,000
Units: 100
Project type: Ownership

Project: CHS Home Repair 2021-Maple Heights and Cuyahoga County
Location: Cuyahoga County, 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 2021
Location:
Shelby County, Tenn.
Member:
Bank of Bartlett, Bartlett, Tenn.
Sponsor:
Habitat for Humanity of Greater Memphis
Award:
$750,000
Units:
150
Project type:
Ownership

Project: East Tennessee Repair Program 2020
Location: Washington and Sullivan counties, Tenn.
Member: Bank of Tennessee, Kingsport, Tenn.
Sponsor: Appalachia Service Project, Inc.
Award: $92,000
Units: 30
Project type: Ownership

Project: Dandridge School Lofts
Location: Dandridge, Tenn.
Member: Bank of Tennessee, Kingsport, Tenn.
Sponsor: The Mid-Atlantic Foundation and Duke Development Company, LLC
Award: $924,963
Units: 37
Project type: Rental

Project: Aging In Place 2020-2023
Location: Hamilton County, Tenn.
Member: First Horizon Bank, Memphis, Tenn. 
Sponsor: Habitat for Humanity of Greater Chattanooga Area, Inc.
Award: $151,900
Units: 30
Project type: Ownership

Project: AHP 2020 Davidson Co. - New Construction
Location: Davidson County, Tenn.
Member: Pinnacle Bank, Nashville, Tenn.
Sponsor: Habitat for Humanity of Greater Nashville
Award: $137,500
Units: 10
Project type: Ownership

Project: Dickerson/Elysian Project
Location: Nashville, Tenn.
Member: Pinnacle Bank, Nashville, Tenn. 
Sponsor: Woodbine Community Organization (WCO), Inc.
Award: $1,000,000
Units: 80
Project type: Rental

Project: REX2
Location: Nashville, Tenn.
Member: Pinnacle Bank, Nashville, Tenn.
Sponsor: Urban Housing Solutions, Inc.
Award: $960,000
Units: 70
Project type: Rental

Project: Mercury Courts- Phase 1
Location: Nashville, Tenn.
Member: Pinnacle Bank, Nashville, Tenn.
Sponsor: Urban Housing Solutions, Inc.
Award: $550,000
Units: 40
Project type: Rental

Project: Leave a Legacy 2020
Location: Rutherford County, Tenn.
Member: Pinnacle Bank, Nashville, Tenn.
Sponsor: Rutherford County Area Habitat for Humanity
Award: $300,000
Units: 15
Project type: Ownership

Project: 2020 Loudon Co Habitat New Homes
Location: Loudon County, Tenn.
Member: SouthEast Bank, Farragut, Tenn. 
Sponsor: Loudon County Habitat for Humanity
Award: $87,000
Units: 5
Project type: Ownership


OTHER STATES

Project: Riverside Housing
Location: Adrian, Mich.
Member: Premier Bank, Defiance, Ohio
Sponsor: Neighbors of Hope
Award: $199,000
Units: 20
Project type: Rental

Project: Parkwood Commons
Location: Greenfield, Wisc.
Member: U.S. Bank, Cincinnati, Ohio
Sponsor: Midwest Affordable Housing Corporation
Award: $850,000
Units: 100
Project type: Rental

Project: Vegas Valley Senior Supportive Housing
Location: Las Vegas, Nevada
Member: U.S. Bank, Cincinnati, Ohio
Sponsor: Accessible Space, Inc.
Award: $690,000
Units: 70
Project type: Rental