In 2020, the Federal Home Loan Banks contributed nearly $400 million towards affordable housing, supporting 41,511 housing units across more than $6.5 billion of project development cost.
This support was made possible through the FHLBanks’ Affordable Housing Program, created by Congress as part of the Financial Institutions Reform, Recovery and Enforcement Act of 1989. The AHP is one of the largest sources of private sector grants for housing and community development in the country. AHP funds are primarily made available through a competitive application program at each FHLBank, where applications are submitted and scored based off guidelines established by each FHLBank to obtain funding. Learn more about the Affordable Housing Program.
The AHP supports affordable housing for households with incomes at or below 80% of the area median income, including seniors, families with young children, the homeless, persons with disabilities and veterans. With housing supported by the AHP, communities benefit from financial investment, permanent jobs and expanded revitalization efforts.
Learn more about the FHLBanks’ Affordable Housing Program.
