| Program
Name: Affordable Housing Program |
Alternate
Name: AHP |
| Purpose:
To
provide gap subsidy financing or affordable housing development. |
| Eligible
Applicants: Non Profit Community Development Organizations |
| Eligible
Activites: Development of new affordable rental housing units. Permanent
financing to fill funding gaps, or to provide project enhancements, such
as sprinkler systems. |
Form
of Assistance:
Grants |
Funding
Cycles:
Semi-Annual |
Deadline
Date:
April |
Funding
Organization:
Federal
Home Loan Bank of New York |
Contact
Information:
Donald
Wolff, Sr. Vice President
7
World Trade Center
New
York, NY
10048 |
Phone
Number:
(212
)441-6821 |
Fax
Number:
(212)
441-6859 |
How
To Apply:
Through
member bank |
| Comments:
AHP
funds typically limited to no more than $5,000 per unit, to leverage other
development financing. Must apply through a FHLB member banking institution. |
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