Affordable Housing Program (AHP)

2015 AHP Funding Round Now Closed

Thank you to all those that submitted applications in our 2015 AHP funding round. Applications are being scored and award announcements will be made in November 2015.

Since 1990, the Seattle Bank’s AHP has provided more than $159 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