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 competitive round opened on Monday, May 6, and closed on Friday, June 14. We are targeting late October 2024 to announce the recipients of our AHP awards. 

Affordable Housing Program

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

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.

2024 AHP Overview Webinar