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	Affordable Housing Program Our Affordable Housing Program (AHP) provides grants to assist in the purchase, construction, or rehabilitation of housing for lower-income households. All grants are funded through our members to affordable housing sponsors or developers or directly to homebuyers in the form of grants or below-market rate loans. Since 1990, we have awarded over $700 million in AHP grants to support the development, rehabilitation or purchase of more than 100,000 affordable homes in Arizona, California, Nevada, and other localities served by our member financial institutions. Competitive AHP We allocate at least 65% of our annual AHP funds to our competitive AHP. Working in partnership with community-based housing sponsors, members submit applications for specific homeownership and rental projects and programs in the twice-a-year competition for funds. These member financial institutions often provide direct financing to the initiatives, leveraging funds provided by other public and private sources. The resulting housing initiatives are remarkable for their innovative solutions to diverse housing needs. Homeownership Set-Aside Programs We allocate a portion of our annual AHP funds to our homeownership set-aside programs— the Individual Development and Empowerment Account (IDEA) Program and the Workforce Initiative Subsidy for Homeownership (WISH) Program. Both programs provide up to $15,000 per eligible household for downpayment and closing cost assistance, matching up to $3 for every dollar contributed by the homebuyer. The IDEA Program awards AHP dollars through participating member financial institutions to assist qualified homebuyers who have saved in an Individual Development Account (IDA) or who have successfully participated through their local housing authority in a Family Self-Sufficiency (FSS) program leading to homeownership. The WISH Program is designed to help working households become first-time homebuyers. Both programs require participants to complete a homebuyer counseling program. Revised: December 2011

Affordable Housing Program

Our Affordable Housing Program (AHP) provides grants to assist in the purchase, construction, or rehabilitation of housing for lower-income households. All grants are funded through our members to affordable housing sponsors or developers or directly to homebuyers in the form of grants or below-market rate loans. Since 1990, we have awarded over $700 million in AHP grants to support the development, rehabilitation or purchase of more than 100,000 affordable homes in Arizona, California, Nevada, and other localities served by our member financial institutions.

Competitive AHP
We allocate at least 65% of our annual AHP funds to our competitive AHP. Working in partnership with community-based housing sponsors, members submit applications for specific homeownership and rental projects and programs in the twice-a-year competition for funds. These member financial institutions often provide direct financing to the initiatives, leveraging funds provided by other public and private sources. The resulting housing initiatives are remarkable for their innovative solutions to diverse housing needs.

Homeownership Set-Aside Programs
We allocate a portion of our annual AHP funds to our homeownership set-aside programs— the Individual Development and Empowerment Account (IDEA) Program and the Workforce Initiative Subsidy for Homeownership (WISH) Program. Both programs provide up to $15,000 per eligible household for downpayment and closing cost assistance, matching up to $3 for every dollar contributed by the homebuyer.

The IDEA Program awards AHP dollars through participating member financial institutions to assist qualified homebuyers who have saved in an Individual Development Account (IDA) or who have successfully participated through their local housing authority in a Family Self-Sufficiency (FSS) program leading to homeownership. The WISH Program is designed to help working households become first-time homebuyers. Both programs require participants to complete a homebuyer counseling program.

Revised: December 2011

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