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 will open May 1, 2023, and close on June 9, 2023. 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
Disbursement
Contact

2023 Affordable Housing Program (AHP) Overview Webinar