Compliance Monitoring Site Visits
April 11, 2014
The following change to our Affordable Housing Program (AHP) Implementation Plan (IP) is effective immediately:
On-Site Monitoring (Attachment C, Section IV)
A provision has been added to the Bank’s AHP Compliance Monitoring Guidelines, stating that the Bank, at its discretion, will conduct on-site monitoring of AHP projects. The decision to conduct a site visit will be based on factors related to the project’s status, including, but not limited to, compliance with AHP requirements, AHP subsidy amount, material changes to the project since approval, and information from other monitoring entities.
A redline version of the IP outlining changes from the prior version is available. If you have any questions about the revised IP, please email Community Investment.