Congratulations to our 2014 AHP Award Recipients!
The Seattle Bank is pleased to announce the award of $4.8 million of AHP funding for 2014. Our
2014 AHP awards will support 13 projects providing 465 units of affordable housing for very low-, low-, and moderate-income households in Idaho, Montana, Oregon, and Washington. Read our
press release for more information.
Since 1990, the Seattle Bank’s AHP has provided more than $154.7 million of subsidy to support the acquisition, development, or rehabilitation of more than 28,000 units of affordable rental and owner-occupied housing for very low-, low-, and moderate-income households.
AHP subsidy may be used in a variety of ways, including to:
Reduce mortgage principal
- Provide gap financing
- Cover downpayment and closing costs
- Lower the interest rate on a loan