Affordable Housing Program (AHP)

Important Announcement

The 2014 AHP Funding Round closed on August 1, 2014, at 4:00 p.m. Pacific Time. We look forward to announcing our 2014 AHP award recipients in mid-December.

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