Through the Affordable Housing Program (AHP) General Fund, our member institutions partner with for- and not-for-profit developers, community organizations, units of government, public housing authorities, and tribal governments to apply for annual grants to subsidize the acquisition, new construction, and/or rehabilitation of affordable rental or owner-occupied housing. AHP subsidy is provided as a forgivable grant from the Federal Home Loan Bank of Chicago, through a member, to a project sponsor.

The 2022 AHP General Fund round is closed. FHLBank Chicago will communicate award details in late October.

Affordable Housing Program

Program Elements
How to Participate
Eligibility Requirements
Application Scoring
Member and Project Sponsor Roles and Responsibilities