Affordable Housing Program (AHP)

Each year since 1990, the HLB has set aside 10% of its private earnings to support the creation and preservation of housing for lower income families and individuals through the Affordable Housing Program (AHP). AHP funds are awarded to members who submit applications on behalf of project sponsors who are planning to purchase, rehabilitate, or construct affordable homes or apartments. Funds are awarded through a competitive process which typically takes place either once or twice a year, at the HLB's discretion.

Benefits to Members:

  • Gain CRA credit for successful participation
  • Strengthen the community you serve
  • Build relationships with non-profit groups and businesses

Eligible Uses of AHP Funds:

Acquisition, construction, or rehabilitation of:

Rental Housing

  • In which at least 20% of the project's occupants must earn 50% or less of the area median income

Owner-Occupied Housing

  • In which households earn 80% or less of the area median income

Eligible projects may include:

  • 1-to-4 unit houses
  • Co-ops
  • Condos
  • Apartments
  • Single-room occupancy facilities
  • Shelters
  • Transitional housing
  • Mutual housing associations
  • Group Homes

Affordable Housing Program Application Training Webinar

Watch our AHP 2018 Application Training Webinar to learn how we can assist you in financing
your next housing project: 




Affordable Housing Program Training Sessions

The Federal Home Loan Bank of New York is hosting training sessions at the locations listed below.

The focus will be on the Affordable Housing Program and the application process.This will be an opportunity to learn about recent scoring changes, how to complete and submit an application, and strategies for increasing your chances of success.

  •  Syracuse, NY | February 20, 2018 (10:00 am – 12:00 pm)
  •  Albany, NY | February 26, 2018 (10:00 am – 12:00 pm)
  •  Glens Falls, NY | February 27, 2018 (2:00 pm – 4:00 pm)
  •  Rochester, NY | February 28, 2018 (10:00 am – 12:00 pm)



Program Deadlines

FHC offers monthly enrollment periods due the 10th of each month or the following applicable business day.

AHP Success Stories

Pond View Homes
Member: Flushing Bank
Project Name: Pond View Homes

Independence Crossing
Member: Citibank
Project Name: Independence Crossing

› Other Success Stories


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