March 18, 2015
The Federal Home Loan Bank of Boston's 2014 Affordable Housing Program awarded $44.8 million in grants and loans to support affordable housing initiatives in New England and three additional states.
Each year, funding for projects submitted to the AHP by member institutions is awarded in a single competitive round. Subsidized loans (advances) and direct subsidies (grants) are available. The terms are determined by the member financial-institution applicant based on the specific needs of the development.
The Bank's member institutions work with local housing organizations to apply for funds to support initiatives that serve very low- to moderate-income households in communities across New England. A portion of the Bank's net earnings funds the program.
View the press release
View the 2014 awards