Federal Home Loan Bank of Atlanta (FHLBank Atlanta) recently announced that its 2017 Affordable Housing Program (AHP) Competitive round will open on January 3, 2017. Up to $500,000 will be awarded per project to its member financial institutions and their community housing partners through a competitive application process. The deadline for submitting applications is February 2, 2017. FHLBank Atlanta AHP Competitive funds can be used to help finance the acquisition, construction, rehabilitation, and development of affordable rental and ownership housing. AHP Competitive is a unique product offering that can help financing institutions reach new customers and borrowers, achieve business development and community lending goals, and facilitate economic development. Potential applicants should work with an FHLBank Atlanta member financial institution to complete the AHP Competitive application. Nonprofit, for-profit, and local government sponsors should review the AHP Implementation Plan for updates to application guidelines and requirements. To learn more about submitting an AHP application, register for a webinar through the Bank’s events calendar. If you need assistance finding a member financial institution to work with, or for more information, call the Bank’s Community Investment Services department at 1.800.536.9650, option 3, option 0.
