A total of 24 members will receive more than $49.5 million in AHP subsidy to help produce 2,743 units of affordable housing for very low- to moderate-income residents. Of 56 project awards, 8 support owner-occupied housing and 48 support rental housing.
FHLB Cincinnati allocates at least 10 percent of its net income annually to the AHP, which makes housing more affordable for persons at or below 80 percent of the area median income. Subsidy is awarded to members through an annual AHP competitive offering.
A total of 158 applications submitted in 2024 with the highest-scoring application receiving a score of 74.88 and the lowest funded application receiving a score of 63.76.
Awards below are listed by the state where the project is located. Only AHP-eligible units are included in this listing.
Project: Hope House Apartments
Location: Bowling Green, KY
Member: South Central Bank, Inc. - Glasgow, KY
Sponsor: Hope House Ministries Inc.
Award: $1,008,000
Units: 18
Project type: Rental
Project: Cold Spring Senior Lofts
Location: Cold Spring, KY
Member: RiverHills Bank - Milford, OH and Heritage Bank Inc. - Burlington, KY
Sponsor: Northern Kentucky Community Action Commission, Inc.
Award: $1,000,000
Units: 80
Project type: Rental
Project: Bee Creek Crossing
Location: Murray, KY
Member: RiverHills Bank - Milford, OH and Heritage Bank Inc. - Burlington, KY
Sponsor: Spire Development, Inc.
Award: $750,000
Units: 60
Project type: Rental
Project: Coldiron River Estates
Location: Williamsburg, KY
Member: Field & Main Bank - Henderson, KY
Sponsor: Cumberland Valley Housing Corp and Wabuck Development Company, Inc.
Award: $600,000
Units: 42
Project type: Rental
Project: Gwen Gardens
Location: Warsaw, KY
Member: The Cecilian Bank - Elizabethtown, KY
Sponsor: Parkland Manor, Inc.
Award: $500,000
Units: 50
Project type: Rental
Project: Marshall Heights
Location: Benton, KY
Member: The Cecilian Bank - Elizabethtown, KY
Sponsor: Parkland Manor, Inc.
Award: $500,000
Units: 50
Project type: Rental
Project: Pleasant Hill Apartments
Location: Leitchfield, KY
Member: The Cecilian Bank - Elizabethtown, KY
Sponsor: The Center for Addiction Recovery of Henderson, Inc. and Wabuck Development Company, Inc.
Award: $480,000
Units: 48
Project type: Rental
Project: Grateful Living Apartments
Location: Henderson, KY
Member: Field & Main Bank - Henderson, KY
Sponsor: The Center for Addiction Recovery of Henderson, Inc.
Award: $480,000
Units: 48
Project type: Rental
Project: HFH of Henderson, KY 2024
Location: Henderson County, KY
Member: Field & Main Bank - Henderson, KY
Sponsor: Habitat for Humanity of Henderson, KY, Inc.
Award: $400,000
Units: 10
Project type: Owner
Project: 2024 Frontier Housing Scattered-Site Development
Location: Bath, Boyd, Breathitt, Carter, Elliott, Fleming, Floyd, Greenup, Johnson, Lawrence, Lee, Magoffin, Martin, Menifee, Montgomery, Morgan, Owsley, Robertson, Rowan, and Wolfe Counties, KY
Member: Stock Yards Bank & Trust Company - Louisville, KY
Sponsor: Frontier Housing, Inc.
Award: $225,000
Units: 15
Project type: Owner
Project: Hardin Co HFH 2025
Location: Hardin County, KY
Member: South Central Bank, Inc. - Glasgow, KY
Sponsor: Habitat for Humanity of Hardin County KY Inc
Award: $100,000
Units: 4
Project type: Owner
Project: 2024 Heart of Paducah Homebuyer Program
Location: McCracken County, KY
Member: Community Financial Services Bank - Benton, KY
Sponsor: Paducah Alliance of Neighbors
Award: $36,000
Units: 2
Project type: Owner
Project: Centre City Senior Apartments
Location: Dayton, OH
Member: Fifth Third Bank, N.A. - Cincinnati, OH
Sponsor: The Model Group, Inc.
Award: $1,500,000
Units: 80
Project type: Rental
Project: Emerald Senior
Location: Cleveland, OH
Member: The Huntington National Bank - Columbus, OH and CareSource Reinsurance, LLC - Dayton, OH
Sponsor: Emerald Development and Economic Eden, Inc.
Award: $1,500,000
Units: 62
Project type: Rental
Project: Broadway Commons
Location: Lorain, OH
Member: Fifth Third Bank, N.A. - Cincinnati, OH
Sponsor: Emerald Development and Economic Eden, Inc.
Award: $1,500,000
Units: 62
Project type: Rental
Project: Homefull Healthy Living PSH
Location: Dayton, OH
Member: RiverHills Bank - Milford, OH and Heritage Bank, Inc. - Burlington, KY
Sponsor: Homefull
Award: $1,500,000
Units: 60
Project type: Rental
Project: Mahoning County Home Repair Program 2024
Location: Mahoning and Columbiana Counties, OH
Member: Premier Bank - Youngstown, OH
Sponsor: Youngstown Neighborhood Development Corporation
Award: $1,500,000
Units: 150
Project type: Owner
Project: Mission Point
Location: Toledo, OH
Member: The Huntington National Bank - Columbus, OH and CareSource Reinsurance, LLC - Dayton, OH
Sponsor: Lucas Housing Services Corporation
Award: $1,500,000
Units: 65
Project type: Rental
Project: Beacon Place
Location: Dayton, OH
Member: The Huntington National Bank - Columbus, OH and Ohio Capital Finance Corporation - Columbus, OH
Sponsor: Miami Valley Housing Opportunities Inc.
Award: $1,500,000
Units: 40
Project type: Rental
Project: Scioto Rise Place 2024
Location: Columbus, OH
Member: The Huntington National Bank - Columbus, OH and The Affordable Housing Trust of Columbus & Franklin County - Columbus, OH
Sponsor: Community Housing Network, Inc.
Award: $1,500,000
Units: 60
Project type: Rental
Project: Knoll View Place 2024
Location: Columbus, OH
Member: The Huntington National Bank - Columbus, OH and The Affordable Housing Trust of Columbus & Franklin County - Columbus, OH
Sponsor: Community Housing Network, Inc.
Award: $1,500,000
Units: 50
Project type: Rental
Project: The Landings at Delta Crossing
Location: Maumee, OH
Member: The Huntington National Bank - Columbus, OH and Ohio Capital Finance Corporation - Columbus, OH
Sponsor: Resident Resources Network Inc and Wallick Asset Management LLC
Award: $1,500,000
Units: 60
Project type: Rental
Project: Arlington Senior
Location: Toledo, OH
Member: Fifth Third Bank, N.A. - Cincinnati, OH
Sponsor: National Church Residences
Award: $1,403,000
Units: 52
Project type: Rental
Project: Senior Village at Valle Green
Location: Fairborn, OH
Member: RiverHills Bank - Milford, OH and Heritage Bank, Inc. - Burlington, KY
Sponsor: St. Mary Development Corporation
Award: $1,175,306
Units: 70
Project type: Rental
Project: Hebron Senior Apartments
Location: Hebron, OH
Member: Fifth Third Bank, N.A. - Cincinnati, OH and The Affordable Housing Trust of Columbus & Franklin County - Columbus, OH
Sponsor: National Church Residences
Award: $1,100,000
Units: 42
Project type: Rental
Project: Belmar Trail of Lebanon
Location: Lebanon, OH
Member: The Huntington National Bank - Columbus, OH and CFBank, National Association - Columbus, OH
Sponsor: Warren County Community Services, Inc.
Award: $1,100,000
Units: 44
Project type: Rental
Project: Foster Senior Lofts
Location: Elyria, OH
Member: KeyBank, National Association - Cleveland, OH and Ohio Capital Finance Corporation - Columbus, OH
Sponsor: Elyria Community Partnership and Pivotal GP Holding LLC
Award: $1,000,000
Units: 46
Project type: Rental
Project: Niles Senior Housing
Location: Niles, OH
Member: The Huntington National Bank - Columbus, OH and Ohio Capital Finance Corporation - Columbus, OH
Sponsor: Neighborhood Development Services, Inc.
Award: $1,000,000
Units: 42
Project type: Rental
Project: Bowling Green Senior Housing
Location: Bowling Green, OH
Member: The Huntington National Bank - Columbus, OH and Premier Bank - Youngstown, OH
Sponsor: Sunset Development and Holdings, Inc. and Lowenstein Development LLC
Award: $1,000,000
Units: 66
Project type: Rental
Project: Wickliffe Senior Apartments
Location: Wickliffe, OH
Member: RiverHills Bank - Milford, OH and CenterBank - Milford, OH
Sponsor: Sunset Development and Holdings, Inc. and Stock GP Housing Partners LP
Award: $993,636
Units: 54
Project type: Rental
Project: Gloria's Place
Location: Cincinnati, OH
Member: Stock Yards Bank & Trust Company - Louisville, KY
Sponsor: Over-the-Rhine Community Housing
Award: $900,000
Units: 44
Project type: Rental
Project: 2024 New Home Construction Project
Location: Montgomery County, OH
Member: Wright-Patt Credit Union - Beavercreek, OH and The Huntington National Bank - Columbus, OH
Sponsor: Habitat for Humanity of Greater Dayton, Inc.
Award: $840,000
Units: 15
Project type: Owner
Project: Ridgeville Farms
Location: North Ridgeville, OH
Member: RiverHills Bank - Milford, OH
Sponsor: Lakewood Senior Citizens Inc and SLK Capital Holdings LLC
Award: $825,000
Units: 52
Project type: Rental
Project: Sunrise Neighborhood Living
Location: Lorain, OH
Member: RiverHills Bank - Milford, OH
Sponsor: CHN Housing Partners
Award type: $808,188
Units: 36
Project type: Rental
Project: Walton Senior Apartments
Location: Cleveland, OH
Member: KeyBank, National Association - Cleveland, OH and CareSource Indiana, Inc. - Dayton, OH
Sponsor: Volker Development Inc.
Award: $800,000
Units: 52
Project type: Rental
Project: The Arch at Saint Michael L.P.
Location: Cleveland, OH
Member: KeyBank, National Association - Cleveland, OH and CareSource Indiana, Inc. - Dayton, OH
Sponsor: CHN Housing Partners
Award: $750,000
Units: 46
Project type: Rental
Project: Mahoning and Ohio Valley Homebuyer Acquisition Assistance 2024
Location: Mahoning, Columbiana, Jefferson, and Trumbull Counties, OH
Member: The Huntington National Bank - Columbus, OH
Sponsor: Youngstown Neighborhood Development Corporation
Award: $705,000
Units: 30
Project type: Owner
Project: Cedarville Senior Lofts
Location: Cedarville, OH
Member: The Huntington National Bank - Columbus, OH and Ohio Capital Finance Corporation - Columbus, OH
Sponsor: St. Mary Development Corporation
Award: $680,000
Units: 44
Project type: Rental
Project: Roberts Run Landing
Location: Richland Township, OH
Member: RiverHills Bank - Milford, OH and CenterBank - Milford, OH
Sponsor: County Corp and Spire Development Inc.
Award: $630,000
Units: 76
Project type: Rental
Project: Rockdell Villas
Location: Fairborn, OH
Member: The Huntington National Bank - Columbus, OH
Sponsor: Miami Valley Housing Opportunities Inc. and TCN Behavioral Health Services Inc.
Award: $626,965
Units: 40
Project type: Rental
Project: Blackburn Landing
Location: Athens, OH
Member: RiverHills Bank - Milford, OH and CenterBank - Milford, OH
Sponsor: County Corp and Spire Development Inc.
Award: $500,000
Units: 50
Project type: Rental
Project: Glenwood Avenue Duplexes 2024
Location: Youngstown, OH
Member: Premier Bank - Youngstown, OH
Sponsor: Youngstown Neighborhood Development Corporation
Award: $336,000
Units: 6
Project type: Rental
Project: The Cascades Rental Phase II
Location: Yellow Springs, OH
Member: Wright-Patt Credit Union - Beavercreek, OH
Sponsor: Yellow Springs Home, Inc.
Award: $336,000
Units: 6
Project type: Rental
Project: 502 Treeside Drive Rehab
Location: Akron, OH
Member: The Huntington National Bank - Columbus, OH and CareSource Reinsurance, LLC - Dayton, OH
Sponsor: Humility of Mary Housing, Inc
Award: $280,000
Units: 5
Project type: Rental
Project: Melissa's House 2024
Location: Columbus, OH
Member: 1st National Bank - Lebanon, OH
Sponsor: New Housing Ohio, Inc.
Award: $272,000
Units: 16
Project type: Rental
Project: HFHWAHP2426
Location: Wayne County, OH
Member: Main Street Bank Corp. - Wooster, OH
Sponsor: Habitat for Humanity in Wayne County Inc.
Award: $140,000
Units: 5
Project type: Owner
Project: The Evelyn June (f/k/a Rock Springs Senior Apartments)
Location: Smyrna, TN
Member: JPMorgan Chase Bank, National Association - Columbus, OH
Sponsor: Socayr
Award: $1,500,000
Units: 54
Project type: Rental
Project: Plaza Towers
Location: Greene County, TN
Member: KeyBank, National Association - Cleveland, OH and CareSource Indiana Inc. - Dayton, OH
Sponsor: ReBuild America, Inc.
Award: $1,500,000
Units: 114
Project: Rental
Project: Park Center North
Location: Nashville, TN
Member: Pinnacle Bank - Nashville, TN
Sponsor: Park Center, Inc
Award: $1,456,000
Units: 26
Project type: Rental
Project: Hannum Springs Apartments
Location: Maryville, TN
Member: SmartBank - Pigeon Forge, TN
Sponsor: Maryville Housing Development Corporation
Award: $600,000
Units: 11
Project type: Rental
Project: Oakmonte Place Senior Housing
Location: Kingsport, TN
Member: Bank of Tennessee - Kingsport, TN
Sponsor: The Greater Kingsport Alliance for Development, Inc.
Award: $539,478.05
Units: 12
Project type: Rental
Project: Civic Center R1 Senior
Location: Atlanta, GA
Member: KeyBank, National Association - Cleveland, OH
Sponsor: Michaels Community Services Corporation
Award: $1,500,000
Units: 148
Project type: Rental
Project: Dunn Family Senior Co-op Apartments
Location: Center Line, MI
Member: The Huntington National Bank - Columbus, OH and CareSource Reinsurance, LLC - Dayton, OH
Sponsor: CSI Support & Development Services
Award: $1,100,000
Units: 157
Project type: Rental
Project: Ellis Potter Apartments
Location: Madison, WI
Member: KeyBank, National Association - Cleveland, OH
Sponsor: Midwest Affordable Housing Corporation
Award: $940,000
Units: 65
Project type: Rental
Project: AHEPA 100-II Apartments
Location: South Bend, IN
Member: RiverHills Bank - Milford, OH
Sponsor: AHEPA Affordable Housing Management Company, Inc.
Award: $700,000
Units: 72
Project type: Rental
Project: Coldwater Senior Villas
Location: Coldwater, MI
Member: The Huntington National Bank - Columbus, OH
Sponsor: St. Mary Development Corporation and Pivotal GP Holding LLC
Award: $400,000
Units: 40
Project type: Rental