Advisory Center for Affordable Settlements & Housing

acash

Advisory Center for Affordable Settlements and Housing
ACASH

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Document TypeGeneral
Publish Date31/12/2019
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Edited BySuneela Farooqi
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Affordable Housing Program Implementation Plan of Federal Home Loan Bank

The Atlanta Bank is the Federal Home Loan Bank  has established an Affordable Housing Program (AHP) pursuant to Section 10(j) of the Federal Home Loan Bank Act, in accordance with the Federal Housing Finance Agency rules and regulations governing the Bank’s Affordable Housing Program. The Bank’s board of directors got the Bank’s Affordable Housing Advisory Council for the implementation of this plan.

The main focus of the Bank’s Affordable Housing Program (AHP) is to support the community investment finance needs of our members and provide them with the tools to facilitate affordable housing financing in their communities. The Bank must allocate at least 65 percent of its annual, new Affordable Housing Program (AHP) subsidy contribution to fund its Affordable Housing Program (AHP) Competitive program and the Bank also allocate up to 35 percent of its annual, new AHP subsidy contribution to fund its Affordable Housing Program (AHP) Set-aside program.

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