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Forms and applications for the Affordable Housing Program
(AHP) are available on this page. Please contact your community
investment manager or a member of the Housing
and Community Investment Department staff to obtain forms
not listed here.
Click on the links below to go directly to the forms:
AHP Next Steps
AHP Disbursement
Request Form
AHP
Retention Documents — Mortgages/Notes
AHP Online
Reports
AHP
Application Package
AHP
Application Package
The Bank is pleased to announce the 2010 round of the Affordable Housing Program. The online application may be accessed by members and sponsors from September 7 through October 1, 2010. All applications must be submitted electronically to the Bank by 5:00 p.m. on October 1, 2010.
From June through September 2010, the Bank will hold eight onsite training sessions and two
webinars to help members and sponsors understand the scoring process and how to use the
online application. You may enroll online for all sessions at www.fhlbboston.com/events.
New Requirements Regarding Sponsor Capacity
In addition to the current information requested in the Sponsor Registration section of the online AHP application, the following documents will be required:
- A current (within two months) Certificate of Good Standing from the organization's state of formation, or an equivalent (as determined in the Bank’s sole discretion) for each sponsor.
- For each sponsor, submission of a Bank-supplied statement on the sponsor’s letterhead, signed by the sponsor’s board and/or board chair. If a for-profit sponsor does not have a board of directors, the statement may be signed by the organization's chief executive officer. The statement will include the status of current obligations and verification of compliance with all major funders, including loan and tax payments. See the instructions.
AHP Next Steps
AHP
Next Steps Training (PDF)
AHP
Next Steps Manual (PDF)
Use these documents as reference guides for required "next steps" associated
with an AHP award.
Reporting Forms
Semiannual
Progress Report
Use this form to provide semiannual progress reports until
an AHP-funded development is complete.
Annual
Compliance Certification — Rental
Once an AHP-funded rental development is complete, members
and project sponsors must use this form to report annually
for 15 years.
Periodic
Monitoring Report
Members and project owners that have a rental development
receiving more than $50,000 in subsidy must submit this report
once every six years after completion. Members and project
owners that have a rental development receiving more than
$250,000 must submit this report once every four years after
completion. Members and project owners that have a rental
development receiving more than $500,000 must submit this
report and receive a monitoring visit from Bank staff once
every two years.
Beginning in November 2008, the AHP regulation does not
require any long-term monitoring of completed and placed-in-service
affordable-housing projects financed with Low Income Housing
Tax Credit equity. This includes both the Annual Compliance
Certification and the Periodic Monitoring Report. During
development, the Housing and Community Investment department
will obtain documentation (copy of Form 8609) confirming
the Low Income Housing Tax Credit equity in order to exempt
these projects from the long-term monitoring requirements.
Please note: For initiatives requiring
this report, the Periodic Monitoring Report has been combined
with the Annual Compliance Certification (ACCPMR).
Disbursement
AHP
Online Disbursement Request
Beginning March 26, 2010, all AHP Disbursement Requests will be submitted online. The new online request replaces the previous paper form and streamlines the submission of documentation. For ease of use, the screens and functionality are designed to mimic the online AHP application. As with the application, the disbursement request also begins with the sponsor developer, who completes the required information and signs it. The request is then automatically forwarded to the member contact for review and submission.
If you have already submitted an AHP Disbursement Request that is currently in process, you do not need to submit it online. Please note that all future requests should be submitted through the new online system.
AHP Online Disbursement Request Instructions
Guidelines for Determining Household Income
These income guidelines/standards must be used by members for the calculation of household income. The same standards are used by the HCI staff to review and approve household income for both rental and homeownership initiatives.
Retention
Documents (Mortgages/Notes) for AHP Owner-Occupied Initiatives
AHP
Owner-Occupied Mortgage: CT, ME, VT
This Standard Retention Mortgage is for use in Connecticut,
Maine, and Vermont for owner-occupied properties at the time
of sale to the home buyer. Please use this form in combination
with the AHP Owner-Occupied Standard Retention Note. In Maine
and Vermont, the mortgage must be recorded; in Connecticut,
both the mortgage and the note must be recorded.
AHP
Owner-Occupied Mortgage: MA, NH, RI
This Standard Retention Mortgage is for use in properties
in Massachusetts, New Hampshire, and Rhode Island for owner-occupied
properties at the time of sale to the home buyer. Please use
this form in combination with the AHP Owner-Occupied Standard
Retention Note. The mortgage must be recorded in all three
states.
AHP
Owner-Occupied Standard Retention Note
All six New England states must use this note. In Connecticut,
this note must be recorded.
AHP
Interim Homeownership Mortgage: MA, RI, NH
For use with AHP homeownership initiatives in these states
that are using the AHP Direct Subsidy to fund construction
or rehabilitation costs prior to the final sale to the home
buyers. Please use this form in combination with the AHP Interim
Homeownership Note.
AHP
Interim Homeownership Mortgage: CT, ME, VT
For use with AHP homeownership initiatives in these states
that are using the AHP direct subsidy to fund construction
or rehabilitation costs prior to the final sale to the home
buyers. Please use this form in combination with the AHP Interim
Homeownership Note. In Maine and Vermont, the mortgage must
be recorded; in Connecticut, both the mortgage and the note
must be recorded.
AHP Interim
Homeownership Standard Retention Note
All six New England states must use this note. In Connecticut,
this note must be recorded.
Retention Documents (Mortgages/Notes) for Rental Initiatives
AHP
Rental Mortgage: CT, ME, VT
This Standard Retention Mortgage is for use with the AHP direct
subsidy/grant in Connecticut, Maine, and Vermont for most
rental properties. Please use this form in combination with
the AHP Standard Retention Rental Note. In Maine and Vermont,
the mortgage must be recorded; in Connecticut, both the mortgage
and the note must be recorded.
AHP Rental
Mortgage: MA, NH, RI
This Standard Retention Mortgage is for use with the AHP direct
subsidy/grant in Massachusetts, New Hampshire, and Rhode Island
for most rental properties. Please use this form in combination
with the AHP Standard Retention Note. The mortgage must be
recorded in all three states.
AHP
Standard Retention Rental Note
All six New England states must use this note in AHP direct
subsidy/grant transactions for rental initiatives.
AHP Subsidized
Advance Rider
This rider is for use in conjunction with a member's loan
to the sponsor/owner of a project that is funded by an AHP
subsidized advance. The rider ensures the retention of the
AHP subsidy used to write down the interest rate. This document
can be used in all six New England states.
HUD
202/811 Rider
This rider is for use with a HUD 202/811 rental initiative.
The rider ensures the retention of the AHP subsidy used in
the project, while using the HUD documents for the transaction.
This document can be used in all six New England states.
Collateral
Assignment of Mortgage and Note
This document is used to assign the mortgage, note, and proceeds
to the member financial institution when the AHP subsidy is
lent by the project sponsor to the project owner (usually
in a Low Income Housing Tax Credit transaction). It can be
used in all six New England states.
Closeout Monitoring
AHP Online Closeout Monitoring Review
Sponsor/developers and members who have completed a development or sold all of the units are required to submit an AHP Closeout Monitoring review. This report is a regulatory obligation that reviews the eligibility, feasibility, need for subsidy, and scoring of the completed development against the commitments made in the original AHP Application. Beginning June 1, 2010, all AHP Closeout Monitoring reviews will be submitted online. The new online request replaces the previous paper form and streamlines the submission of documentation. For ease of use, the screens and functionality are designed to mimic the online AHP application. As with the application, the Closeout Monitoring request also begins with the sponsor/developer, who completes the required information and signs it. The request is then automatically forwarded to the member contact for review and submission.
If you have already submitted an AHP Closeout Monitoring Review that is currently in process, you do not need to submit it online. Please note that all future requests should be submitted through the new online system.
AHP Online Closeout Review Instructions
If you have questions, please contact your community investment
manager or a member of the Housing and Community Investment
Department staff at 1-888-424-3863.
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