Affordable Housing Program Grant Awarded in Congressman Mike Ezell's District

What is the Affordable Housing Program (AHP)?

The Affordable Housing Program (AHP) is a federal program that provides grants to states and local governments to fund the development, rehabilitation, or preservation of affordable housing for low- and moderate-income families. The program was created in 1990 and has since been used to fund the construction of over 400,000 affordable housing units.

Who is Eligible for AHP Funding?

AHP funding is available to states, counties, cities, and other local government entities. The funds can be used to provide loans, grants, or other financial assistance to developers of affordable housing projects.

What Types of Projects are Eligible for AHP Funding?

AHP funding can be used to fund a wide range of affordable housing projects, including:

• New construction of affordable housing units
• Rehabilitation of existing affordable housing units
• Preservation of existing affordable housing units
• Development of mixed-income housing projects
• Provision of rental assistance to low- and moderate-income families

How Much Funding is Available?

The amount of AHP funding available each year varies depending on the federal budget. In recent years, the program has been funded at a level of approximately $1 billion per year.

How to Apply for AHP Funding

States and local governments apply for AHP funding by submitting an application to the FHLB Dallas. The application must include a detailed description of the proposed project, a budget, and a timeline for completion. The FHLB Dallas will review the application and make a decision on whether to approve the funding request.

Recently Awarded AHP Grants

In August 2024, the FHLB Dallas awarded an AHP grant of $850,000 to the City of Hattiesburg, Mississippi. The grant will be used to fund the construction of 50 new affordable housing units for low-income families.

This is just one example of how AHP funding is being used to make affordable housing more accessible to low- and moderate-income families across the country.