mixed-used development with ground-level windows and front door

Approved Affordable Housing Program Initiatives

FHLBank Boston awarded approximately $19.4 million in grants, loans, and interest-rate subsidies to support 30 affordable housing initiatives in New England and beyond in 2021. These projects, funded in part through the Affordable Housing Program (AHP), will create or preserve 1,216 rental and homeownership units for individuals and families earning up to 80% of the area median income. Below are the 2021 approved initiatives by state.

Connecticut

Awards: $1,950,000 in grants
Number of Projects: 3
Number of Affordable Units: 107
Cities + Towns: Hartford, Mystic, New Haven

Village at Park River Phase V

Location: Hartford
Member: MHIC, LLC
Sponsor: Pennrose Holdings, LLC, Pennrose LLC, Overlook Development Corporation  
Affordable Units: 44 rental units
​Subsidy: $650,000 grant

The fifth phase of a six-phase development to revitalize a former public housing complex in Hartford, Westbrook Village. The master planned community sits on 40 acres. The original complex was demolished during an earlier phase. This phase will involve the construction of four new buildings with two- and three-story townhomes consisting of a total of 58 units with 44 affordable rental apartments with one, two, and three bedrooms. Eleven units will be set aside for homeless. The buildings will all meet Passive Housing and Energy Star standards. A 3,100-square-foot stand-alone community building is currently under construction and will be shared by all residents. MHIC, LLC will provide construction and permanent financing.

Capital Upgrades Phase I

Location: Mystic
Member: Cheslea Groton Bank
Sponsor: St. Edmunds Retreat, Inc.
Affordable Units: 19 rental units
Subsidy: $650,000 grant

Rehabilitation of two buildings providing 19 single-room occupancy units of sober housing on Ender's Island in Mystic. All units will be affordable to extremely low-income and homeless individuals. These units are part of the St. Edmunds Recovery campus. This initiative will upgrade the apartments, improving lighting, heating and cooling systems, water treatment, fire safety, and other systems to extend the functionality, life cycle, and energy efficiency of the buildings. This facility includes a comprehensive program of supportive services to help residents with recovery, sobriety, life skills, and employment. The member is providing construction financing. Capital financing for this initiative comes from the Affordable Housing Program.

​MLK/Tyler Street Family Housing

Location: New Haven
Member: Citizens Bank
Sponsor: The National Housing Partnership Foundation
Affordable Units: 44 rental units
Subsidy: $650,000 grant

New construction to create 56 units of mixed-income housing and commercial space in New Haven through a partnership with the city, West River Self Help Investment Plan (WRSHIP), and the National Housing Partnership Foundation. WRSHIP is part of a national movement to promote the participation of racial minorities who have historically been excluded from economic development projects in the city and throughout the country. The initiative will construct 11 townhouse-style buildings with a focus on family housing. Fourteen units will be affordable to households earning at or below 30% of the area median income (AMI) while 23 units will be affordable to households earning between 31% -50% AMI and seven will be targeted to 51%-60%  AMI. The initiative will include 12 market-rate units. Twelve supportive units will serve formerly homeless and/or residents with special needs. The initiative will include a clubhouse/community center, garage parking, and a playground, and will be designed to Passive House standards with solar panels. A coffee shop and bakery will be operated onsite by the social service provider to teach job skills and operate an employment re-entry program. The site is served by both rail and bus transit. The New Haven United Nations International Peace Garden will remain on the site. Citizens Bank will provide construction financing and Low Income Housing Tax Credit investment equity.

Maine

Awards: $4,550,000 in grants
Number of Projects: 7
Number of Affordable Units: 251
Cities + Towns: Augusta, Bangor, Hartland, Lewiston, Scarborough

​18 Green Street

Location: Augusta
Member: Kennebec Savings Bank
Sponsor: Motivational Services, Inc.
Affordable Units: 8 rental units
​Subsidy: $650,000 grant

Creation of eight one-bedroom apartments for extremely low-income individuals with prolonged and severe mental illness in Augusta. Two of the units will be fully accessible. Residents will enter the wood-framed, two-story building through a large covered porch that will also provide outdoor seating and activity space. The project will include a large community room that features a vaulted ceiling. The room will provide flexible activity space that can be rearranged according to the residents' needs. The south side of the room, connected by swinging doors, will have a large kitchen space for group cooking and large meal preparation. Kennebec Savings Bank will provide construction financing.

​Milford Place

Location: Bangor
Member: Bangor Savings Bank
Sponsor: Penquis C.A.P., Inc.
Affordable Units: 40 rental units
Subsidy: $650,000 grant

New construction to create 40 affordable, age-restricted (55+) units in Bangor. This initiative is the first of two planned phases of development on the site. All units in the three-story building will include one bedroom. Seventeen units will be accessible to residents with disabilities. Eight units will be affordable to households earning at or below 30% of the area median income (AMI) while 17 units will be affordable to households earning between 31%-50% AMI and 15 will be targeted to 51%-60% AMI. The initiative is located within a half mile of a hospital, park, doctors’ offices, public pool, and community gardens, providing ease of access to the residents. Momentum, a community-based support agency for adults with intellectual disabilities, and the Medi-Maine Health Center abut the development site. Milford Place will partner with a community organization, Food AND Medicine,  to teach gardening and address food insecurity. Bangor Savings Bank will provide construction and permanent financing as well as a Low Income Housing Tax Credit equity investment.

​​Hartland Senior Living Apartments II

Location: ​Hartland
Member: Bangor Savings Bank
Sponsor: Kennebec Valley Community Action Program
Affordable Units: 30 rental units
Subsidy: $650,000 grant

New construction in rural Hartland to create 30 apartments for seniors. Twenty-two one-bedroom units and eight two-bedroom units, all Americans with Disabilities Act (ADA) compliant with universal design features, will be located in a two-floor building with an elevator. This is the second phase of a two-phase project. The added density enables the sponsor to expand services to all residents. Twelve of the units will serve residents at 60% of the area median income (AMI) with the remaining 18 units reserved for those at or below 50% AMI. The neighboring library and gymnasium will foster a higher level of activity and provide needed services and additional community engagement for the residents. Bangor Savings Bank will provide construction financing. Maine Housing and sponsor equity will provide the balance of funding.

​Lewiston Choice Site 1

Location: Lewiston
Member: Bangor Savings Bank
Sponsor: Lewiston-Auburn Area Housing Development Corporation
Affordable Units: 49 rental units
Subsidy: $650,000 grant

New construction to create 71 units of mixed-income housing and ground-floor commercial space in downtown Lewiston as the first phase of a larger effort to revitalize the community. The city was awarded a HUD Choice Grant to replace distressed public and assisted housing. This initiative will build two new mixed-use structures and a community plaza. The two existing commercial structures on the site and a parking lot will be demolished as part of this project. The initiative is sited one block from the city's primary commercial corridor and will enhance the appeal of nearby Kennedy Park. Fifteen units will be affordable to households earning at or below 30% of the area median income (AMI) while 28 units will be affordable to households earning between 31%-50% AMI and six will be targeted to households with 51%-60% AMI. The initiative will include 22 market-rate units and feature a community room, secure bike storage, and rooftop terraces on both buildings. The buildings will be designed to LEED/Enterprise Green standards, and Bangor Savings Bank will provide construction and non-Affordable Housing Program permanent financing.

Lewiston Choice Site 2

Location: Lewiston
Member: Norway Savings Bank
Sponsor: Lewiston-Auburn Area Housing Development Corporation
Affordable Units: 49 rental units
Subsidy: $650,000 grant

Construction of 74 mixed-income rental apartments in the Tree Streets neighborhood of Lewiston, as the second phase of the larger Lewiston Choice initiative. This initiative will include the construction of nine new buildings and the rehabilitation of the historic Wedgewood House and include 49 affordable apartments and 25 market-rate apartments, with a mix of one-, two-, three-, and four-bedroom units. The Lewiston Choice Initiative includes three phases designed to increase residential density and revitalize the community through mixed-income housing combined with the full replacement of public housing units. The Wedgewood House will be restored and converted into apartments and a community facility for the neighborhood. In addition to the 25 market-rate units, the initiative will serve 15 households earning 30% of the area median income (AMI) and 34 households earning up to 60% AMI. Located near a wide range of community amenities and services, the buildings will have a smaller scale and density matching to the surrounding neighborhood. The buildings will be designed to LEED and Enterprise Green standards. The member will provide construction and permanent financing. HUD Choice funding, combined with federal Low Income Housing Tax Credits, solar tax credits, HOME funding, and other financing from MaineHousing will provide the remaining capital for this initiative. 

​Martel School Apartments

Location: Lewiston
Member: Androscoggin Savings Bank
Sponsor: Lewiston-Auburn Area Housing Development Corporation 
Affordable Units: 44 rental units
Subsidy: $650,000 grant

Acquisition, rehabilitation, and new construction to create 44 rental units for seniors in Lewiston. This project is part of a wider effort to revitalize the city. Nine units will be affordable to households earning less than 30% of the area median income (AMI), 18 units will be affordable at 50% AMI, and 17 units will be affordable at 60% AMI. The design includes 12 fully accessible units and the remaining units will be adaptable to accommodate aging in place. The three-acre site sits in an urban corridor and includes one acre of recreational space. The two-winged elementary school building will be partially demolished and the recreational space will be preserved. When completed, this initiative will include units in two separate wings joined by a central lobby and elevator. Androscoggin Savings Bank will provide construction and permanent financing.

​Avesta Scarborough

Location: Scarborough
Member: Gorham Savings Bank
Sponsor: Avesta Housing Development Corporation 
Affordable Units: 31 rental units
Subsidy: $650,000 grant

Acquisition and new construction to create 31 age-restricted (55+) affordable units as part of a mixed-use development in Scarborough. The initiative will redevelop the site of a former municipal safety complex. A .44-acre parcel will be subdivided from the site to build the three-story residential structure. Though not part of this funding application, the former police and fire stations will be redeveloped for commercial use. The collaborative planning effort undertaken by the two unaffiliated developers resulted in a cohesive mixed-use campus design where seniors will be within a short walk of a grocer, fish market, gym, and shared community space. Nineteen units will be affordable to households earning at or below 50% of the area median income (AMI), and 12 units will be affordable to households earning between 51%-60% AMI. The initiative will incorporate solar to offset 25% of the project’s energy needs and a range of features to promote sustainability, energy efficiency, and indoor air quality. Gorham Savings Bank will provide construction and permanent financing.

​Massachusetts

Awards: $2,094,241 in grants, loans and interest-rate subsidies
Number of Projects: 7
Number of Affordable Units: 123
Cities + Towns: Hubbardston, Hyde Park, Lowell, Newburyport, Northampton, Sandwich, Tewksbury

Ragged Hill Road, Hubbardston

Location: Hubbardston
Member: Workers Federal Credit Union
Sponsor: Habitat for Humanity North Central Massachusetts, Inc. 
Affordable Units: 1 homeownership unit
Subsidy: $38,092 grant

Creation of a three-bedroom, two-bathroom home that will target a homebuyer at 60% of the area median income in Hubbardston. The home is the first Habitat home in the community. It will be constructed on land donated by the town and built in partnership with the local vocational high school and volunteers. The students will have the opportunity to complete the electrical, plumbing, heating and ventilation, and some of the carpentry. The slab-on-grade home will be designed to be energy efficient. It will be strategically placed at the front of the lot to maximize sun exposure for the home's solar panels. Workers Federal Credit Union will provide the construction financing.

​The Pryde 

Location: Hyde Park (Boston)
Member: Massachusetts Housing Investment Corporation
Sponsor: Pennrose Holdings, LLC, Pennrose LLC, LGBTQ Senior Housing, Inc.
Affordable Units: 58 rental units
Subsidy: $650,000 grant 

Acquisition and rehabilitation in Hyde Park to create 74 apartments for seniors with incomes ranging from 30% to 100% of the area median income. The project will include a mix of studios and one- and two-bedroom apartments. The sponsors have worked with Boston's Department of Neighborhood Development and the neighborhood to develop New England's first LGBTQ-friendly affordable senior housing project. Pennrose is partnering with LGBTQ Senior Housing to address the unmet need for affordable, affirming housing for LGBTQ elders. The vacant former William Barton Rogers School, now known as The Pryde, will be reactivated as a vibrant, welcoming, and inclusive space. The initiative will preserve and enhance the auditorium, gymnasium, and cinema room for general use by the community. Massachusetts Housing Investment Corporation will invest in the Low Income Housing Tax Credits.

​555 Merrimack Street

Location: Lowell
Member: Enterprise Bank and Trust Company
Sponsor: Coalition for a Better Acre 
Affordable Units: 27 rental units
Subsidy: $300,000 grant

Acquisition and new construction of a mixed-use building in Lowell to create 27 apartments for people in recovery from substance use disorders. The intention of this project is to build affordable permanent housing for people active in recovery and to remove the stigma associated with serving this clientele. Ten units are reserved for households at or below 60% of the area median income, nine units at 50% AMI, and eight units at 30% AMI. The commercial use includes a laundry facility for residents and the neighborhood. Located in the Acre neighborhood, this facility is adjacent to the heart of downtown Lowell, providing access to higher education, workforce development opportunities, and social services, as well as the public canal walk. This building will be designed to Passive House standards, advancing the city's sustainability goals. Enterprise Bank and Trust Company will provide construction and permanent financing.

​YWCA at Hillside

Location: Newburyport
Member: Institution for Savings in Newburyport and its Vicinity
Sponsor: Young Women's Christian Association of Newburyport
Affordable Units: 10 rental units
Subsidy:  $139,149 grant and subsidy, $131,000 loan

Acquisition and construction of a 10-unit lodging house in Newburyport to create apartments for individuals earning at or below 50% of the area median income. There are six extremely low-income units with project-based subsidy. The sponsor will purchase the completed property from the developer. The initiative is designed to meet LEED Platinum standards and Passive House standards and strives to achieve "net zero" energy consumption. An external heating or cooling system is not needed, although a system will be installed to ensure compliance with the board of health. Institution for Savings in Newburyport and Vicinity will provide permanent financing.

​Broughton's Meadow Homes

Location: Northampton
Member: Florence Bank
Sponsor: Pioneer Valley Habitat for Humanity
Affordable Units: 3 homeownership units
Subsidy: $96,000 grant

​Creation of three energy-efficient, single-family homes with one, two, and three bedrooms that will target homebuyers below 60% of the area median income in Northampton. The three homes, located on separate lots, will range in size from 800 to 1,000 square feet and share a common driveway. This initiative will be part of a 10-home subdivision. The design of these homes resulted from an architectural competition held by the town of Northampton. A principal of the winning firm will be part of the sponsor's build team. The developer of the adjacent property has completed the stormwater permitting and is also donating the cost of the site clearing and the installation of the pre-development infrastructure. Florence Bank will provide the construction financing. Local lenders will provide the first-mortgage loans. 

​​Sandwich Scattered Site Housing Project

Location: Sandwich
Member: Cape Cod Five Cents Savings Bank
Sponsor: Habitat for Humanity of Cape Cod, Inc.
Affordable Units: 3 homeownership units
Subsidy: $90,000 grant

Construction of three single-family homes in Sandwich for first-time homebuyers earning up to 80% of the area median income. These ranch-style homes will be compact and designed to be energy efficient, meeting Energy Star and Home Energy Rating System rating requirements. Site development includes road construction and water and septic systems. These homes will be designed ready for future installation of solar panels. The first site will be subdivided to include two two-bedroom, one-bath homes to be served by well water and septic systems. The second site will offer a three-bedroom, 1 ½  bath home served by town water but will require onsite septic. In addition to donating these sites, the town will facilitate the transfer of nitrogen credits earned at a separate town-owned lot to support the permitting and local variance to allow this three-bedroom home on a small lot. Habitat also builds for low-impact development and landscaping. The member will provide construction financing and USDA will provide long-term, below market-rate mortgage financing. 

​Gordon H Mansfield Veterans Village -Tewksbury

Location: Tewksbury
Member: Berkshire Bank
Sponsor: Soldier On, Inc.
Affordable Units: 21 rental units
Subsidy: $650,000 grant

Creation of 21 permanent, supportive housing units for veterans who are homeless or at-risk of homelessness in Tewksbury. The four-story initiative will include an elevator to service all floors. The units will consist of three studios and 18 one-bedroom apartments, and three will be wheelchair accessible. The initiative will target individuals with household incomes between 30% to 80% of the area median income. Soldier On will provide comprehensive life skills services tailored for the individual veteran's needs. The building will be designed to be energy efficient and the site will be landscaped using low-impact development measures to manage stormwater runoff. The town is very supportive of the project and has committed $350,000 in Affordable Housing Trust funds. Berkshire Bank will provide construction and permanent financing. 

New Hampshire

Awards: $1,300,000 in grants
Number of Projects: 2
Number of Affordable Units: 34
Cities  + Towns: Hanover, North Woodstock

Visions - Hanover

Location: Hanover
Member: Mascoma Bank
Sponsor: Visions for Creative Housing Solutions, Inc.
Affordable Units: 12 rental units
Subsidy: $650,000 grant

Acquisition and construction in rural Hanover to create 12 rental apartments for adults with development disabilities. The units will be targeted to individuals with incomes at or below 50% of the area median income with three units serving extremely low-income residents. Each resident will have their own kitchenette and bathroom. There is 6,688 square feet of program and common space including a fully accessible large kitchen for staff and residents to participate in meal preparations together as a community. There is also a large dining room, living room, and three-season porch. A carport under the deck will allow residents to be sheltered when being picked up or returned home. Mascoma Bank will provide both construction and permanent financing. The majority of the financing will come from the sponsor's capital campaign.

Peeling Village at Gordon Pond

Location: North Woodstock
Member: Union Bank
Sponsor: Affordable Housing, Education and Development (AHEAD) Inc.
Affordable Units: 22 rental units
Subsidy: $650,000 grant

Acquisition and new construction in rural North Woodstock to create 29 apartments. This initiative will serve 18 households earning up to 50% of the area median income (AHP), four at 80% AMI, and seven at market rate. This is the first phase of a family housing development on a 7.8-acre site which will serve a range of income-restricted households. A three-story building with an elevator and large community room will have a mix of 20 one- and two-bedroom apartments. A second two-story building will include nine townhouse-style apartments with two or three bedrooms. The initiative will also include two fully accessible single-level apartments. The second phase is planned and will mirror this initiative. Union Bank will provide construction and permanent financing.

​Rhode Island

Awards: $6,150,500 in grants, loans and interest-rate subsidies
Number of Projects: 5
Number of Affordable Units: 281
Cities + Towns: Central Falls, Newport, Pascoag, Pawtucket, Providence, West Greenwich

​Central Street Development

Location: Central Falls and Pawtucket
Member: Bristol County Savings Bank
Sponsor: Pawtucket Central Falls Development Corporation
Affordable Units: 45 rental units
Subsidy: $650,000 grant

Acquisition, new construction, and rehabilitation to create and preserve 62 mixed-income units in Central Falls and Pawtucket. The initiative will include 12 sites comprised of 45 affordable and 17 market-rate units. Thirteen units will be affordable to households earning at or below 30% of the area median income (AMI), while 25 units will be affordable to households earning between 31%-50% AMI and seven will be targeted to 51%-60% percent AMI. The initiative aims to create buildings that are less homogenous and isolating by mixing the income targeting throughout all project sites. A key component of the initiative will be the conversion of a vacant American Legion building into 24 rental units meeting Passive House standards with solar panels. The surrounding neighborhoods are a mix of dense residential and commercial parcels, including three retail corridors, daily bus service, and MBTA commuter rail access. Bristol County Savings Bank will provide construction financing.

​Fifty Washington Square

Location: Newport
Member: BankNewport
Sponsor: Church Community Housing Corporation
Affordable Units: 93 rental units
Subsidy: $650,000 grant

Acquisition and rehabilitation to preserve 93 affordable housing units in Newport. The initiative will rehabilitate a five-story masonry building listed on the National Register of Historic Places that covers an entire block of the city’s downtown neighborhood. Fifty-five small efficiency units, 15 large efficiencies, and 23 one-bedroom units provide housing to individuals, 70% of whom are previously homeless. The mixed-use property includes a 41-bed emergency shelter and commercial space for nonprofit organizations. The affordable units will serve as housing for residents transitioning from the emergency shelter to more permanent housing. The initiative will provide residents with a variety of supportive services such as life training skills, case management, job placement, and referrals, as well as cooperative agreements with other local service providers to support the transition out of homelessness. Twenty units will be affordable to households earning at or below 30% of the area median income (AMI) while 73 units will be affordable to households earning between 31%-50% AMI. The initiative will include the addition of solar panels, a backup generator, and new elevators. BankNewport will provide construction financing.

Fernwood Self-Help Housing IV

Location: Pascoag
Member: Navigant Credit Union
Sponsor: NeighborWorks Blackstone River Valley
Affordable Units: 8 homeownership units
Subsidy: $210,500 grant

Creation of eight affordable, single-family homes for first-time homebuyers in rural Pascoag. The eight homes are part of a larger 30-home subdivision that utilizes the USDA's Self-Help and Sweat-Equity model, empowering very low- and low-income families to work together to build their homes. Families will contribute a minimum of 800 hours of sweat equity in building group members' homes and benefit from USDA's 502 financing program with interest rates as low as 1%. Homes will contain three-bedrooms, be sited on approximately 12,000- square-foot lots, and be designed to meet or exceed Energy Star standards for insulation and air sealing. This is the fourth and final phase of the Fernwood Self-Help initiative. Navigant Credit Union will provide construction financing.

​Summer Street I

Location: Providence
Member: The Washington Trust Company
Sponsor: Crossroads Rhode Island
Affordable Units: 87 rental units
Subsidy: $650,000 grant and subsidy, $3,340,000 loan

Acquisition and new construction to create 87 rental units for individuals at risk of homelessness in Providence. This is the first phase of a two-phase plan to replace 176 obsolete single-room occupancy units. By building this phase first, current residents can remain in the existing units and will relocate to these new apartments when completed. All of the one-bedroom units will be affordable to those earning less than 30% of area median income. The units will be adaptable to meet the needs of residents with disabilities. Each grouping of 20 units will have common laundry and a study area with computers, and each floor will have a common room. This phase will redevelop the existing vacant parking lot into apartments, offices for supportive services, and a large courtyard. The design incorporates green building practices and renewable energy systems to achieve a net-zero development with the goal of eliminating the use of natural gas and fossil fuels. The Washington Trust Company will provide permanent financing through a subsidized advance.

​Victory Woods 

Location: West Greenwich
Member: Bank Rhode Island
Sponsor: Stop Wasting Abandoned Property (SWAP)
Affordable Units: 48 rental units
Subsidy: $650,000 grant

Acquisition and new construction to create 48 age-restricted (55+) rental units in West Greenwich. The site consists of 60 acres of wooded land. The initiative will include 12 four-unit buildings on 15 acres. The remaining area will be left in its natural state with walking paths throughout. The 24 one-bedroom and 24 two-bedroom units will be affordable for households earning up to 60% of area median income. Ten units will be affordable for extremely low-income households. Veterans will be given preference for eight units, while five units will be designated for the Section 811 program for homeless or disabled persons, and four units will be accessible to residents with physical disabilities.  All units are adaptable and will have a front porch to foster community. There will also be a community building with management and service offices. Bank Rhode Island will provide construction financing.

​Vermont

Awards: $550,000 
Number of Projects: 1
Number of Affordable Units: 24
Cities + Towns: Barre

Granite City Apartments Limited Partnership 

Location: Barre
Member: Northfield Savings Bank
Sponsor: Evernorth, Inc., Downstreet Housing and Community Development
Affordable Units: 24 rental units
Subsidy: $550,000 grant

A moderate rehabilitation of two adjacent buildings and the adaptive reuse of an historic school in Barre to preserve 18 units and create nine new units. Five units are reserved for homeless households. Six units will be for households earning below 30% of the area median income (AMI), eleven below 50%, and seven below 60%. Additionally, there will be three market-rate units. The Barre Housing Authority is providing nine project-based vouchers. The scope of work will improve energy efficiency and extend the useful life of the existing residential properties. Northfield Bank will provide the permanent financing and invest in the Low Income Housing Tax Credits.   

​States Outside of New England

Awards: $2,800,000 in grants
Number of Projects: 5
Number of Affordable Units: 396
Cities + Towns: Annandale, New Jersey; Brownville, Pennsylvania; Cleveland, Ohio; East Cleveland, Ohio; Philadelphia, Pennsylvania

Clinton Woods

Location: Annandale, New Jersey
Member: Citizens Bank
Sponsor: PIRHL Developers, LLC, Prevention Resources, Inc.
Affordable Units: 84 rental units
Subsidy: $650,000 grant

Creation of 84 affordable family rental units in seven garden-style, walk-up buildings in rural Annandale. The community is very supportive of this project and has donated the six-acre site and will contribute towards the cost of necessary sewer upgrades. The initiative includes 16 one-, 47 two-, and 21 three-bedroom apartments ranging in size from 819 to 1601 square feet. The units will target families earning between 20%-60% of the area median income. The site will have large outdoor common areas that include a playground and community garden. The onsite clubhouse will house the property management offices, fitness center, supportive service space, and a community room with a kitchen that can be used for resident activities. The development will be designed to achieve Enterprise Green Communities Certification. It will be financed with Low Income Housing Tax Credits and New Jersey state funding. Citizens Bank will provide the construction financing. 

Hunter's Ridge Preservation

Location: Brownsville, Pennsyvlania
Member: Citizens Bank
Sponsor: Better Tomorrows, The Michaels Development Company I, L.P.
Affordable Units: 125 rental units
Subsidy: $650,000 grant

Acquisition and rehabilitation to preserve 126 units of affordable, family housing in rural Brownsville. The project consists of 20 two-story buildings with a combination of one-, two-, and three-bedroom units that target households earning below 60% of the area median income. Twenty-six units are reserved for extremely low-income households. The project is a Mark-to-Market HUD Conversion. Affordability will be ensured through project-based vouchers. One unit is reserved for a superintendent. The 25-acre site is surrounded by woods, farmland, and single-family homes. Municipal sewer service is not available to the site and the project has its own wastewater treatment plant. The proposed scope of work creates seven fully accessible apartments and enhances overall accessibility. Significant improvements will be made to the roads, walkways, and siding. The buildings' envelope will be made more energy efficient. Building systems will also be upgraded to improve energy efficiency, livability and durability. Citizens Bank will provide the construction financing.

​Karam Senior Living 

Location: Cleveland, Ohio
Member: Citizens Bank
Sponsor: Detroit Shoreway Community Development Organization
Affordable Units: 51 rental units
Subsidy: $500,000 grant

Acquisition and new construction in Cleveland to create 51 apartments for seniors and renovation of the existing neighborhood library. The sponsor is creating a new service-enriched community hub with the new Walz Branch of the Cleveland Public Library occupying the ground level and first floor of the building. This initiative will serve 25 households earning up to 60% of the area median income (AMI), 18 at 50% AMI, and eight extremely low-income households. The building will be designed to LEED Silver Certification. The supportive services offered in this initiative combined with the surrounding continuum of care campus will allow residents to age in place. Citizens Bank will provide construction financing.

​McGregor Independent Living 

Location: East Cleveland, Ohio
Member: Citizens Bank
Sponsor: CHN Housing Partners, The McGregor Foundation
Affordable Units: 106 rental units
Subsidy: $500,000 grant

Acquisition, new construction, and rehabilitation to expand the McGregor Campus to provide 106 affordable apartments for seniors in East Cleveland. This initiative will renovate 52 existing units and create 54 new units. The apartments will be reserved for residents earning at or below 60% of the area median income. McGregor's mission is to foster an environment where seniors can successfully age in place. All residents will have access to a dedicated team of retirement living professionals and regularly scheduled enrichment activities. There will also be a new PACE (The Program of All-Inclusive Care for the Elderly) clinic on the campus to provide a convenient access point for medical services. Citizens Bank will provide construction financing. 

​Rafael Porrata Doria Place

Location: Philadelphia, Pennsylvania
Member: Citizens Bank
Sponsor: HACE
Affordable Units: 30 rental units
Subsidy: $500,000 grant

Acquisition and new construction of a mixed-use building in Philadelphia to create 30 efficiency rental apartments for extremely-low and very-low income residents. Rental affordability is preserved with the Annual Contribution Contract from the Philadelphia Housing Authority. The apartments are age restricted for individuals 55+ years of age. Ten units are for individuals with intellectual or physical disabilities, eight will be fully handicap accessible, and two accessible to persons with hearing and vision impairments. Each unit will have a storage closet and full private bathroom. Additional resident storage and laundry is available on the first floor. There is a rear patio, green space, and bicycle storage for residents’ use. Commercial space, owned and operated separately, is located on the first floor. The building will be designed to be Enterprise Green Communities certified. Citizens Bank will invest in the Low Income Housing Tax Credits.

Eligibility + Scoring

Find details about scoring criteria, eligible uses of funding, and the AHP Implementation Plan in this section.

Application + Reporting

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

Forms + Applications

Locate the AHP form and application you need here.

*FHLBank Boston has developed its Affordable Housing Program (AHP) in compliance with the Federal Housing Finance Agency's AHP Regulation, which is contained in the Code of Federal Regulations, Chapter XII, Part 1291. The agency is the regulator of the 11 district Federal Home Loan Banks.