Southern
FHLB Atlanta AHP
Flexible Loan Products for Affordable Housing Development
CHC sponsors several applications each year on behalf of its borrowers to receive an Affordable Housing Program (AHP) award for up to $500,000 for the acquisition, construction, rehabilitation, and development of affordable rental and ownership housing. As part of sponsoring borrower applications to FHLBank Atlanta, CHC also provides a commitment for additional financing for the project upon successful application to each organization.
| FHLB Atlanta AHP | Affordable Housing Program Awards |
|---|---|
| Purpose | AHP awards for acquisition, construction, rehabilitation, and development of affordable rental and ownership housing |
| Loan Amounts | Up to $500,000 AHP award support |
| Term | Based on FHLBank Atlanta AHP requirements |
| LTV | Determined by project structure |
| Repayment | Based on program and project requirements |
| Commitment Fee | Determined on a case-by-case basis |
| Application Fee | Determined on a case-by-case basis |
| Collateral | Based on project financing structure |
| Legal | Paid by borrower where applicable |
Affordable Housing Program Awards
- Purpose
- AHP awards for acquisition, construction, rehabilitation, and development of affordable rental and ownership housing
- Loan Amounts
- Up to $500,000 AHP award support
- Term
- Based on FHLBank Atlanta AHP requirements
- LTV
- Determined by project structure
- Repayment
- Based on program and project requirements
- Commitment Fee
- Determined on a case-by-case basis
- Application Fee
- Determined on a case-by-case basis
- Collateral
- Based on project financing structure
- Legal
- Paid by borrower where applicable
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