2015 AHP grants announcedNovember 20, 2015
The 2015 Affordable Housing Program (AHP) awards were approved by the FHLB Cincinnati's Board of Directors on November 19, 2015. A total of 43 members will receive nearly $27 million in AHP subsidy to help produce 2,084 units of affordable housing for low- and very low-income residents. Of 70 project awards, 25 support owner-occupied housing and 45 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 $572 million toward more than 74,000 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.