Affordable Housing Program (AHP)

Important Announcement

The 2014 AHP funding round closed on August 1, 2014. We look forward to announcing our 2014 AHP award recipients in mid-December.

The Seattle Bank's 2015 AHP Implementation Plan, which details requirements for the 2015 AHP and Home$tart Programs, is now available. There are a number of program changes for 2015, including a change to timing of the Seattle Bank’s AHP funding round. In 2015, the AHP funding round will open on or around March 1, with applications due no later than May 15, 2015. We encourage you to read the related Community Investment News for specific details. Please note that the proposed merger between the Seattle Bank and the Federal Home Loan Bank of Des Moines (Des Moines Bank) will not impact the Seattle Bank’s 2015 offering of AHP and Home$tart.

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