Fostering Community Development
The Affordable Housing Program (AHP) awards grants and low-cost financing to our members for affordable housing creation and preservation. The program has led to the production or renovation more than 38,000 affordable homes since its inception in 1990.
Applying for AHP Funding:
Eligibility & Scoring
Both rental and owner-occupied housing may qualify for AHP funding. Members, housing developers, and other community organizations, can learn more about income and scoring criteria, eligible uses of funding, and the AHP Implementation Plan.
Application & Reporting
Members and developers who are considering applying in the future can review important details about the AHP application and reporting process.
Offering Stability through AHP
Discover how a Maine bank was able to use funding from the Affordable Housing Program to renovate and preserve affordability of an apartment community in Freeport, Maine.
AHP Notice of Changes
FHLBank Boston makes regular updates to the AHP to address community needs. Members can find a summary of relevant information about important deadlines, subsidy limits, the application process, and more in the Notice of Changes.
Approved AHP Initiatives
Every year, FHLBank Boston allocates millions in grants, loans, and interest-rate subsidies to support affordable housing initiatives in rural and urban areas throughout New England, including apartments for low-income seniors and individuals with disabilities, family housing, and supportive housing for homeless individuals and families. We welcome you to review the information about the initiatives that received funding in 2024.
Remaking an Affordable Senior Community
AHP funding was used to make significant renovations to a 60-unit affordable housing development for seniors in Maine.