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Bank Announces 2013 AHP Awards

The Federal Home Loan Bank of Boston's 2013 Affordable Housing Program awarded more than $20 million to support affordable housing initiatives in the six New England states.

Each year, funding for projects submitted to the AHP by member institutions is awarded in a single competitive round. Subsidized loans (advances) and direct subsidies (grants) are available. The terms are determined by the member financial-institution applicant based on the specific needs of the development.

The Bank's member institutions work with local housing organizations to apply for funds to support initiatives that serve very low- to moderate-income households in communities across New England. A portion of the Bank's net earnings funds the program.

View the 2013 awards

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