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Affordable Housing Program
The Affordable Housing Program (AHP) provides competitive grants and subsidized loans to create affordable rental and homeownership opportunities.
Each year, we set aside 10% of the Bank's net income for the AHP, to be awarded in the following year. Currently, we allocate at least 80% of these AHP funds to our competitive AHP and up to 20% to our homeownership set-aside programs, IDEA and WISH. Since 1990, we have awarded our members $460 million in AHP grants through the competitive AHP to help create over 80,000 units of housing for individuals and families earning up to 80% of the area median income.
To Apply
We hold AHP funding competitions twice a year, with deadlines in April and October. Grants are often used to fill a gap in available financing. AHP funds may also be used to:
- acquire, construct, or rehabilitate rental housing
- provide homebuyer downpayment or closing cost assistance
- cover the cost of homebuyer pre- or post-purchase counseling
Only Bank members may submit AHP applications. Interested affordable housing developers are encouraged to contact Bank members early in their planning process to obtain sponsorship.
Attend an upcoming AHP Application Workshop.
More Information
The AHP Implementation Plan (PDF) explains the Bank's guidelines for the AHP. Participation in the AHP requires compliance with all AHP policies, regulations, obligations, and procedures. Noncompliance with the AHP may subject an award to cancellation and/or repayment of AHP funds. The Bank monitors all AHP-funded projects, including at time of application, funding, post-completion, and long-term monitoring phases, to ensure that the AHP funds are needed and used appropriately.
View the AHP regulations, technical amendments, and questions and answers regarding the AHP regulation. Within the Code of Federal Regulations database, select "Search the entire set of CFR databases by keyword," and in the Quick Search box, type 12cfr951. All citations to the AHP regulation will be retrieved from the CFR database.
Attend an AHP compliance workshop.
For Consumers
Are you a consumer looking for housing opportunities?
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Affordable Housing Program
The Affordable Housing Program (AHP) provides competitive grants and subsidized loans to create affordable rental and homeownership opportunities.
Each year, we set aside 10% of the Bank's net income for the AHP, to be awarded in the following year. Currently, we allocate at least 80% of these AHP funds to our competitive AHP and up to 20% to our homeownership set-aside programs,
IDEA and
WISH. Since 1990, we have awarded our members $460 million in AHP grants through the competitive AHP to help create over 80,000 units of housing for individuals and families earning up to 80% of the area median income.
To Apply
We hold AHP funding competitions twice a year, with deadlines in April and October. Grants are often used to fill a gap in available financing. AHP funds may also be used to:
- acquire, construct, or rehabilitate rental housing
- provide homebuyer downpayment or closing cost assistance
- cover the cost of homebuyer pre- or post-purchase counseling
Only Bank members may submit AHP applications. Interested affordable housing developers are encouraged to contact Bank members early in their planning process to obtain sponsorship.
Attend an upcoming AHP Application Workshop.
More Information
The
AHP Implementation Plan (PDF) explains the Bank's guidelines for the AHP. Participation in the AHP requires compliance with all AHP policies, regulations, obligations, and procedures. Noncompliance with the AHP may subject an award to cancellation and/or repayment of AHP funds. The Bank monitors all AHP-funded projects, including at time of application, funding, post-completion, and long-term monitoring phases, to ensure that the AHP funds are needed and used appropriately.
View the
AHP regulations, technical amendments, and questions and answers regarding the AHP regulation. Within the Code of Federal Regulations database, select "Search the entire set of CFR databases by keyword," and in the Quick Search box, type 12cfr951. All citations to the AHP regulation will be retrieved from the CFR database.
Attend an AHP compliance workshop.
For Consumers
Are you a consumer looking for
housing opportunities?
© 2000-2008 Federal Home Loan Bank of San Francisco
AHP