North Carolina Coalition to End Homelessness

Affordable Housing Funding Available

Affordable Housing Program – Applications Available March 11
FHLBank Atlanta has announced the availability of up to $500,000 per awarded project for the 2013 Affordable Housing Program (AHP) Competitive offering. The funds can be used to assist in the acquisition, construction, or rehabilitation of affordable rental or owner-occupied housing.
 
AHP Competitive is a reliable, flexible source of real estate equity funding that can be deployed quickly and efficiently to support projects of all sizes. Since 1990, FHLBank Atlanta has awarded more than $424 million in real estate equity through AHP Competitive to assist in the financing of over 70,000 affordable units of rental and ownership housing. These funds facilitated $5.9 billion of housing development in your communities – a more than 1:14 ratio of AHP equity to total development financing.
 
Applications for the 2013 offering will be available beginning March 11, 2013, with a submission deadline of April 8, 2013. The final decision and notice of the awarded projects will be made in late July 2013, which means your project could be funded as early as September 2013!
 
Learn How to be a Successful AHP Applicant!
We look forward to partnering with you during the AHP Competitive application process. To get started, the Bank is hosting educational sessions to provide tips and other important information that will help you submit a successful application.
Dates and times of the webinars are listed below. Pre-registration is encouraged. Click on a date to register.
The webinars will be recorded and made available on the Bank's website. Additional technical assistance will be available as follow-up to the scheduled webinars.
2013 AHP Competitive Timeline
  • March 11, 2013 – AHP Competitive Online Application Available
  • March 25, 2013 – New Sponsor Registration Deadline
  • April 8, 2013 (12:00 midnight ET) – AHP Competitive Application Submission Deadline
  • April 8, 2013 (12:00 midnight ET) – AHP Competitive Application Supporting Documentation Deadline
  • January 9 – April 8 – Bank staff available for both one-on-one and group sessions to assist you in being a successful applicant
Other Important Information
  • You can sponsor as many applications for as many different projects as you wish, but each application must be submitted by an FHLBank Atlanta member financial institution.
  • If you wish to work with a member financial institution to sponsor an application, you should register as an application sponsor or update your existing sponsor information at www.fhlbatl.com/sponsor. Registration is required one time only and can be completed any time prior to March 25, 2013, in order to submit an application.
  • Please note that an application is not valid until the FHLBank Atlanta member financial institution has approved it. Applicants seeking funding should present proposed projects to member financial institutions well in advance of the application deadline date and allow members adequate time to review and approve the application before the April 8, 2013, deadline.
  • We strongly encourage you to review the Bank's revised AHP Implementation Plan (dated January 2, 2013).
For more information, call the Bank's Community Investment Services Department at 1.800.536.9650 option 3, option 1, option 3.