Round two of the 2008 Affordable Housing Program (AHP) included a large number of applications seeking funding to renovate existing affordable housing.

“Some of these buildings have been operating for more than a decade and are now in need of rehabilitation,” says Christine Rogers, senior community investment manager at the Federal Home Loan Bank of Boston. “It often makes more economic sense to rehab and bring an existing building up to current standards than build a new building.”

In this issue of OnSite, we take a look at how developers are using the AHP's subsidized advance to help maintain existing affordable housing. Click on the links above to read the stories and view the video.

• Round One 2009 AHP Awards