The 2024 Affordable Housing Program (AHP) and voluntary housing grant initiative funding round is closed. Awards will be posted on Dec. 14.
To accommodate individuals impacted by recent natural disasters, FHLBank Pittsburgh is now permitted to temporarily allow vacant rental units assisted by the Affordable Housing Program to be temporarily leased to individuals/households, regardless of their income, who were displaced by select disasters. Prior to accepting households that may qualify, project sponsors must notify and receive the written approval from FHLBank Pittsburgh. Sponsors may email ahp@fhlb-pgh.com for further information and assistance .
The Affordable Housing Program (AHP) provides grants and subsidized loans for the acquisition, construction or rehabilitation of affordable housing for households with incomes at or below 80% of the area median income. Housing developers partner with FHLBank Pittsburgh members to apply for AHP funding, which is offered through one competitive funding round each year. Grants are awarded to the highest scoring projects.
View a list of our 2023 AHP and 2023 voluntary housing grant initiative recipients . The last three AHP funding round highest and lowest approved scores were:
2023: 75 highest; 65 lowest (resulted in tiebreaker)
2022: 79 highest; 68 lowest
2021: 73 highest; 65 lowest (resulted in tiebreaker)
Note: As a result of the updated regulation effective Jan. 1, 2021, overall scoring methodology changed and historically approved scores may not be consistent with current round scores.
For 2024, FHLBank Pittsburgh (FHLBank) is providing $18.0 million to affordable housing projects in Delaware, Pennsylvania and West Virginia, which is FHLBank's district. This offering for in-district projects is the voluntary housing grant initiative, which is separate and distinct from FHLBank's statutory Affordable Housing Program (AHP). The voluntary housing grant initiative provides competitive grants to affordable housing developers, including nonprofit and for-profit organizations, and housing and redevelopment authorities that are engaged in creating or rehabilitating affordable housing. Under the voluntary housing grant initiative, projects may be awarded up to $150,000 per unit and a maximum of $1,500,000 per project. Click here for more information about the voluntary housing grant initiative.
FHLBank Pittsburgh members benefit from AHP in a variety of ways:
AHP grants and loans can be used for:
AHP grants and loans can support the development of housing intended for underserved populations. These housing projects may be targeted to very low-income households, individuals with special needs, the homeless or veterans, among others. Typically these projects are service enriched, and the project sponsors are able to offer a menu of supportive services, such as counseling, vocational and educational services; medical support; and other forms of assistance funded through complementary sources.
Applications for AHP funding are accepted when the funding round is open. Once the funding round closes, we review the applications received for scoring and feasibility. Based on the results, our Board of Directors approves award recipients. Once notified of funding approval, awardees must draw down funds within 12 months of the approval date.
Provided below are step-by-step instructions for completing the AHP application.
Already an AHP Recipient? Approved AHP projects are required to be monitored in accordance with AHP regulations. View the full monitoring guidelines.