Final AHP Rule: Changes to Owner-Occupied Projects
|October 17, 2019
For nearly 30 years, the Affordable Housing Program (AHP) has successfully helped Federal Home Loan Bank (FHLBank) members and their partners create affordable housing opportunities in the communities they serve. On November 28, 2018, the Federal Housing Finance Agency (FHFA) published its amended regulation (Final AHP Rule), giving the FHLBanks greater flexibility to identify and respond to the unique needs of their Districts. For an overview of the Final AHP Rule and comprehensive list of changes, visit our AHP Modernization webpage.
The Final AHP Rule necessitates three significant changes effective January 1, 2020 for certain owner-occupied projects awarded through the competitive AHP. These changes are summarized below.
Please contact Community Investment at 312-565-5824 or email@example.com with any questions.
Federal Home Loan Bank of Chicago
200 East Randolph Drive
Chicago, IL 60601
|Copyright © 2019, Federal Home Loan Bank of Chicago.|
|"Downpayment Plus" and "DPP" are registered trademarks of the Federal Home Loan Bank of Chicago.