The Federal Home Loan Bank (FHLB) of Boston has announced its training schedule and application deadlines for the Affordable Housing Program (AHP) for 2019. The program awards approximately $20.7 million in grants and low-interest loans through member institutions to organizations promoting homeownership and rental housing opportunities for low income households.
Among the recent projects that have received funding through this program are Lake Paran, an affordable rental housing development in Shaftsbury, Vermont that will break ground in the coming months.
To help developers and sponsors with their funding applications, FHLB Boston will be holding a free session in Montpelier on Thursday, June 13 at the Capitol Plaza Hotel. Other trainings will be held in Portsmouth, New Hampshire on May 2, Concord, New Hampshire on June 6 and Springfield, Massachusetts on June 25. Although all sessions are free, attendees must register, and space is limited.
FHLB's training sessions are important for any developer or lender who is planning to apply for AHP funds in 2019 or in the future. FHLB Boston will also host a series of online webinars for applicants.
The online AHP application will be available on the FHLB Boston website starting on June 3. Applications are due by July 25.