AHP Disbursement

To request a disbursement, the member and sponsor must:

• Request a secure portal workspace for each project, separate from the workspace created for applications. 

• Complete and upload the AHP General Fund Rental Financial Workbook, AHP Nevada Targeted Fund Rental Financial Workbook, or AHP Owner-Occupied Financial Workbook. Disbursement financial workbooks are separate from application financial workbooks, and submission of the disbursement workbook is required even if a project has just received an AHP award.

• Complete, sign, and upload the disbursement request form for rental or owner-occupied projects after uploading any available supporting documentation noted in the checklist. Some documentation may be unavailable due to the project's construction status.

• Notify the AHP team that the disbursement is ready for review when all documentation has been uploaded to the workspace.

• An analyst on our team will follow up with additional questions to complete the review. Once accepted, outstanding questions must be satisfactorily addressed, or the request may be returned for resubmission at a later time.

• The Bank confirms receipt of disbursement requests within two business days and typically processes the requests with 45 calendar days. Subsidies received by a member must be disbursed to the project sponsor within 30 days, or interest charges may be due to the Bank. Only creditworthy members may make requests of the subsidy disbursement.

Disbursement eligibility requirements:

• All project funding sources must be committed.

• Project must have full site control and construction must be imminent if it is not already underway or completed.

• Project sponsor and member must have attended a compliance webinar in the previous two years. Check our Events page for registration links to sign up for a rental or owner-occupied webinar and learn how to comply with critical regulatory requirements and the Bank’s AHP project monitoring policies.

• Project must continue to meet scoring commitments made at application and to demonstrate feasibility and need for the AHP subsidy.

Four-Year Time Limit

Projects awarded AHP subsidies must be completed within four years of the date of the award.

• Rental projects are defined as complete if AHP subsidy is fully disbursed and documentation of construction completion has been issued.

• Owner-occupied projects are defined as complete if AHP subsidy is fully disbursed, construction is complete, and all homebuyer mortgage loans are closed.

The Bank sends all incomplete projects a Semi-Annual Survey (SAS) twice a year to determine whether they will be complete within the four-year time limit.

• Projects that do not make reasonable progress towards completion within the four-year time limit are subject to cancellation at the Bank’s discretion.