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 2023 AHP General fund round is closed.  Award announcements will be made in October 2023

Affordable Housing Program

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

2023 AHP Overview Webinar

AHP in Our Community