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 2024 AHP General fund round will open on May 6, 2024. Applications will be accepted through June 14, 2024 (5:00 PM CST).
AHP in Our Community
Watch the videos below to learn how our AHP General Fund is making a difference in communities across Illinois and Wisconsin.