Affordable Housing Program (AHP)

2015 AHP Funding Round Now Open!

The Seattle Bank’s 2015 AHP funding round is now open. AHP applications must be submitted to the Seattle Bank no later than Friday, May 15, 2015, at 4:00 p.m. Pacific Time. Visit our Login page to access the online application.

We encourage you to:

Please note that our 2015 AHP Implementation Plan will not be affected by the proposed merger between the Seattle Bank and Federal Home Loan Bank of Des Moines.

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