FEDERAL HOME LOAN BANK – AFFORDABLE HOUSING PROGRAM (FHLB AHP)

Federal Home Loan Bank Affordable Housing Program (FHLB AHP)

Down Payment Assistance

 

FHLB AHP

Location Served: Texas

Provider: Federal Home Loan Bank of Dallas

Approved Lender: New American Funding – (512) 524-8077

Website

 

The Affordable Housing Program (AHP) was created to assist member institutions in providing very-low to moderate-income families and individuals with affordable, owner-occupied and rental housing. AHP supplies direct grants and subsidized loans to help their members meet their community’s affordable housing needs. The program has been assisting household since 1990 and has contributed more than $213 million in grants for nearly 40,000 households.
 
 
Members of the Affordable Housing Program collaborate with local housing organizations to design new AHP projects. All member institutions including savings and loans, banks, credit unions and insurance companies, located in Arkansas, Louisiana, Mississippi, New Mexico, and Texas are permitted to access the AHP funds for their individual programs as well as the projects developed with nonprofit organizations, state or local governments or for-profit developers, subject to the terms and conditions of AHP. The funds generated by the Affordable Housing Program are intended for gap financing; therefore, we suggest the creative use of other funds to leverage AHP financial assistance.
 
 

Applications of AHP Funds
Underwriting
Refurbish Existing Homes
Finance Critical Housing
Increase Affordable Rental Housing
Fulfill CRA Requirements

 
If you have any additional questions regarding home mortgages, please contact a mortgage expert by filling out the form on the right or calling (512) 524-8077. You can also email Team@CandyBuzan.com.

This website marketing is not intended to offer loan services for properties in New York.