Affordable Housing Program (AHP)

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