Attention lenders and affordable housing developers: The 2018 AHP is coming!
The Federal Home Loan Bank (FHLB) of Boston’s Affordable Housing Program 2018 funding application period opens on Monday, June 11, four weeks earlier than usual. The program awards grants and low-interest loans through member institutions to organizations promoting homeownership and rental housing for households with incomes at or below 80 percent of the area median income. Approximately $18.1 million in AHP subsidy is available. Applications are due by Thursday, August 2.
Developers and members interested in the program should register for the AHP training session, which will be held in Burlington on June 26. Additional regional AHP trainings will be held in Springfield, MA on June 14 and Concord, NH on July 10. On-line webinars are also available. For more information and to register, visit their website.