2021 AHP General Fund Applications: By the Numbers

  • June 18, 2021
For 31 years, members of FHLBank Chicago have partnered with community developers and public agencies to apply for Affordable Housing Program (AHP) General Fund subsidies. These grants are awarded to the highest-scoring projects through a competitive process until the funds are exhausted. The 2021 AHP General Fund competitive round opened on Monday, May 3 and closed on Friday, June 11. We expect to award $28.6 million this year.

Request for Clarification and Application Status
Some member and sponsor applicants will receive a request for clarification during the review period. This year, clarifications will be sent out on Mondays, beginning on July 19, and responses will be due by Friday of the week in which the clarification request was received. The date on which a clarification request is sent is not an indication of competitiveness, nor will all applicants receive a request for clarification. All applicants will be notified of the status of their application in late October.

2021 Round Highlights
We are excited to share with you highlights from this year’s round:

1. 42 members and 50 sponsors jointly submitted 78 applications.
2. Approximately $45.2 million in competitive AHP subsidies was requested to support the construction, acquisition, and/or rehabilitation of 3,528 housing units.
3. The applications by project location were distributed between Illinois (31) and Wisconsin (43), plus 4 from outside our District.
4. Sixty-one of the applications submitted were for rental projects and 17 were for homeownership projects.
5. The total development cost for the 78 projects is more than $820 million.
6. The average subsidy requested was $579,840.
7. In 2020, 83 applications requesting nearly $47.5 million were submitted, and ultimately $26 million was awarded.
8. Since 1989, FHLBank Chicago has awarded more than $508 million in competitive AHP subsidies to support 86,375 housing units.

Questions? Please contact ci@fhlbc.com.

Contact Us

Please direct all media inquiries to:

Casey Reidy 
Senior Manager, Communications 
creidy@fhlbc.com
312.565.5291