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Directory of NYC Housing Programs

Affordable Housing Program (AHP)

Under the Federal Home Loan Bank Act, the specified uses of the Affordable Housing Program (AHP) funds are to finance the purchase, construction, or rehabilitation of owner-occupied housing for low- or moderate-income households, and the purchase, construction, or rehabilitation of rental housing where at least 20 percent of the units are affordable for and occupied by very low-income households. The AHP leverages other types of financing and supports affordable housing for special needs and homeless families, among other groups.  The Federal Housing Finance Agency (FHFA) also administers similar programs, including the the Community Investment Program, Community Development Cash Advances, and the Community Support Program.

Program Information Help Icon

  • Supply/Demand: Supply
  • Category: Land and Financing
  • Scale: Very Large Scale (over 10,000 units)
  • Timeframe: 1990 - Present
  • Occupancy tenure: Rental, Homeownership
  • Construction Type: New Construction, Rehabilitation
  • Building Type: One- to Four-family, Multi-family
  • Developers/Owners: Non-profit, For-profit, Owner-occupant
  • Income Restrictions: For owner-occupied housing, households must have an annual income of up to 80 percent of Area Median Income (AMI). For rental housing, at least 20 percent of households must have an annual income of up to 20 percent AMI.
  • Special Populations: Persons with Disabilities, Homeless Families

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