Federal Home Loan Bank of Seattle Announces 2012 Affordable Housing Program Funding Round
May 15, 2012
Dear Seattle Bank Members and Community Partners,
The Seattle Bank is pleased to announce the opening of the 2012 Affordable Housing Program (AHP) funding round and the availability of the AHP online application. As previously announced, the Seattle Bank will offer at least $5.3 million for AHP in 2012. Seattle Bank members may request up to $1.5 million in AHP subsidy. There will be no limit on individual project requests.
AHP funds will be awarded through a competitive application process. AHP
Applications are due no later than August 1, 2012 at 4:00 p.m. Pacific Time. The
2012 AHP Implementation Plan details the
2012 AHP scoring criteria and program requirements.
Project sponsors must partner with a Seattle Bank member to submit an application for AHP funding, and Seattle Bank members must underwrite the
application as they would if they were providing a loan for the project. As such, we strongly recommend that project sponsors contact the Seattle Bank
member they wish to work with to solicit their support as early in the process
as possible. For more information regarding member and sponsor roles and responsibilities and
how to access the AHP Application, please visit the
2012 AHP Funding Round
page on the Seattle Bank’s website. In addition, we encourage you to register to attend
The 2012 AHP Application Process, a series
of web seminars designed to help you learn more about the 2012 AHP Application
and scoring criteria, and how to avoid common mistakes that may hinder a
Every year, the Seattle Bank contributes 10 percent of its net income from the previous
year to fund affordable housing under its AHP. Since the program’s inception in1990,
AHP has provided more than $142.6 million to help finance more than 27,300 affordable
Please contact Steve Johnson or Jennifer Ernst in our Community Investment Department with any questions.
Jennifer Ernst, VP/Community Investment Officer
Steve Johnson, AVP/AHP Project Manager