Theo Noell

Affordable Housing Program

In partnership with our members, the Affordable Housing Program supports the development and rehabilitation of stable and affordable rental apartments and for-sale homes throughout New England.

​Fostering Community Development

The Affordable Housing Program (AHP) awards grants and low-cost financing to our members for affordable housing creation and preservation. The program has led to the production or renovation more than 37,000 affordable homes since its inception in 1990. 

Applying for AHP Funding:

Eligibility + Scoring

Both rental and owner-occupied housing may qualify for AHP funding. Members, housing developers, and other community organizations, can learn more about income and scoring criteria, eligible uses of funding, and the AHP Implementation Plan.

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Application + Reporting

Members and developers who are considering applying in the future can review important details about the AHP application and reporting process.

Learn About The Process

Man in wheelchair by the sink area of a kitchen with his hand placed firmly on the top of on insulated coffee mug. A laptop sits on a table to his right with pots and pans hanging on a rack near it.

​Offering Stability Through AHP

Discover how a Maine bank was able to use funding from the Affordable Housing Program to renovate and preserve affordability of an apartment community in Freeport, Maine.

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​​​AHP Forms

Find the form or application you need here:
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​AHP Notice of Changes

FHLBank Boston makes regular updates to the AHP to address community needs. Members can find a summary of relevant information about important deadlines, subsidy limits, the application process, and more in the Notice of Changes.

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​Approved AHP Initiatives

Every year, FHLBank Boston allocates millions in grants, loans, and interest-rate subsidies to support affordable housing initiatives in rural and urban areas throughout New England, including apartments for low-income seniors and individuals with disabilities, family housing, and supportive housing for homeless individuals and families. We welcome you to review the information about the initiatives that received funding in 2023.

VIEW APPROVED INITIATIVES

mixed-used development with ground-level windows and front door
senior female affordable housing resident standing next to female banking professional

​​AHP Training Materials

FHLBank Boston hosts training webinars about the application process, funding limits, the scoring framework and process, and demonstrating feasibility and need for subsidy before and after the AHP funding round opens.

REVIEW THE TRAININGS

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​Housing + Community Investment Team

​Our Housing + Community Investment team administers the Affordable Housing Program, Community Development Advance program, and much more and is in frequent contact with members, housing developers, and community partners to help them successfully apply for and use these programs.

MEET THE TEAM

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​Advisory Council

​Leading housing and community development professionals provide guidance to FHLBank Boston regarding how to best support New England’s housing finance and community lending needs.

MEET THE COUNCIL

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​Remaking an Affordable Senior Community

AHP funding was used to make significant renovations to a 60-unit affordable housing development for seniors in Maine.

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