The 2023 funding round for the Federal Home Loan Bank of Pittsburgh’s Affordable Housing Program (AHP) and voluntary housing grant initiative is now open with approximately $20.3 million in available funding for AHP and $8 million for the voluntary housing grant initiative.
The AHP provides grants and subsidized loans for the acquisition, construction or rehabilitation of affordable housing for households with incomes at or below 80 percent of the area median income.
Housing developers partner with FHLBank Pittsburgh members to apply for AHP funding, which is offered through one competitive funding round each year. Grants are awarded to the highest-scoring projects. The 2023 AHP and voluntary housing grant initiative applications are due by 5:00 p.m. on Wednesday, August 9.
