Affordable Housing Program

Our Affordable Housing Program (AHP) grants provide crucial gap funding that help our member financial institutions and project sponsors finance the development of affordable housing throughout Indiana and Michigan. Together, our partnerships strengthen communities and support low- to moderate-income households with affordable housing development for renters and homebuyers alike.

The Affordable Housing Program consists of one annual competitive round. This program supports the creation, rehabilitation and development of owner-occupied and rental housing affordable to very low-, low- and moderate-income households across Indiana and Michigan.

Below, you will find resources to assist with pre- and post-award requirements. Information and materials for the 2025 program round will be available soon.

AHP Resources

• AHP Informational Materials
  • Updates to 2025 Implementation Plan
  • 2025 AHP Implementation Plan
  • AHP Max Rent Calculator 
  • FHFA - AHP Regulation
  • Income Limits
  • Income Guidelines
  • Tenant Income Certification
• AHP Application Packet
  • FHLBI.GIVES User Registration (see AHP section on FHLBI.GIVES page)
  • Submitting an AHP Application User Guide 
  • Rental Project Smart Score Sheet
  • Homeownership Project Smart Score Sheet
  • AHP Exhibit Checklist
  • AHP Threshold Criteria Checklist
  • Notification of Intent to Apply
  • Certificate of Consistency
• Receiving Your Award Disbursement
  • Rental Project Disbursement Checklist
  • Homeownership Project Disbursement Checklist
  • Submitting an AHP Disbursement Request User Guide
  • Submitting a Semi-Annual Progress Report User Guide
  • Submitting an Extension Request User Guide
  • Submitting a Modification Request User Guide
  • Retention Agreements
    • Homeownership Retention Agreement
    • Lease-Purchase Retention Agreement
    • Rental Retention Agreement
• Completing Your Project
  • Initial Monitoring Review Checklist
  • Completing Initial Monitoring Review User Guide
  • Zero Income Affidavit
• Long Term Monitoring
  • Long Term Monitoring and Rent Roll User Guide
  • Refinancing: Selling AHP Assisted Properties
  • Zero Income Affidavit

Past AHP Awards and Statistics

• 2024 AHP Projects and Statistics
  • Awarded Projects
  • Awarded Applications Statistics
  • All Scored Application Statistics
• 2023 AHP Projects and Statistics
  • Awarded Project Descriptions
  • Awarded Applications Statistics
  • All Scored Application Statistics
• 2022 AHP Projects and Statistics
  • Awarded Project Descriptions
  • Awarded Applications Statistics
  • All Scored Applications Statistics
• 2021 AHP Projects and Statistics
  • Awarded Project Descriptions
  • Awarded Applications Statistics
  • All Scored Applications Statistics
• 2020 AHP Projects and Statistics
  • Awarded Project Descriptions
  • Awarded Applications Statistics
  • All Scored Applications Statistics

Bulletin Notice

In response to recent severe storms in Oklahoma and Nebraska, the Division of Federal Home Loan Bank Regulation of the Federal Housing Finance Agency has issued a non-objection letter permitting vacant AHP-assisted rental units to be leased temporarily to households displaced due to said disasters regardless of household income. For more information, see the Agency's Non-Objection Letter and the Bank's news bulletin below.

FHFA Letter of Non-Objection

Community Investments Bulletin