Affordable Housing Program (AHP)

    Important Announcements

    AHP is funded with 10 percent of the Seattle Bank’s earnings from the previous year. Because the Seattle Bank incurred a loss in 2009, AHP subsidy will not be available to support an AHP funding round in 2010.

    Please refer to our 2010 AHP Implementation Plan (pdf) for information about AHP’s initial and long-term monitoring requirements. Please refer to the Community Investment Program Guide (pdf) for more information regarding our AHP.

    Since 1990, the AHP has provided nearly $141.6 million in subsidy to support the acquisition, development, or rehabilitation of more than 27,400 units of affordable rental and owner-occupied housing for low- and moderate-income households.

    AHP subsidy may be used in a variety of ways, including to:

    • Reduce mortgage principal
    • Provide gap financing
    • Cover down payment and closing costs
    • Lower the interest rate on a loan