Affordable Housing, Announcements, Community Development

FHLBBoston to Accept Applications for $18.2m in AHP Funding


The Federal Home Loan Bank of Boston will contribute $18.2 million to the 2013 round of the Affordable Housing Program. Additionally, the bank has increased the subsidy limits for any one Affordable Housing Program applications from $400,000 to $500,000 in direct subsidy and from $800,000 to $1 million in total subsidy, including the subsidized advance interest-rate subsidy.

The online application will be available from July 29, 2013 until September 13, 2013. The updated 2013 AHP Implementation Plan and the Notice of Chances will be available on the FHLBBoston website beginning Friday, April 5, 2013.

All applications must be submitted electronically by 5:00pm on Friday, September 13, 2013.

To learn more about the Affordable Housing Program, visit the FHBLBoston website.


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