2015 Affordable Housing Program Round Announcement - May 7, 2015

The Federal Home Loan Bank of Boston is celebrating 25 years of the Affordable Housing Program. Working together, our partnerships have helped meet the changing housing needs in your communities. I am pleased to announce that the Bank will contribute $17.6 million to the 2015 Affordable Housing and Equity Builder Programs. Of this, approximately $15 million will be allocated to the AHP and $2.6 million to the EBP.
 
The Bank will maintain individual AHP application subsidy limits at $500,000 in direct subsidy and $1 million in total subsidy, including the subsidized advance interest-rate subsidy.
 
The online AHP application may be accessed by members and sponsors on our website, www.fhlbboston.com from July 27 through September 15, 2015. Please note that all applications, including supporting documentation, must be submitted electronically to the Bank by 5:00 p.m. on Tuesday, September 15, 2015.
 
We ask that members and sponsors start discussions early to establish their working relationship that will extend through the application submission process and beyond, if the initiative is awarded funding.
 
Beginning in May, we will hold multiple training sessions and online webinars to help you understand the competitive application process and how to apply online. Please register online at www.fhlbboston.com/events. The updated 2015 AHP Implementation Plan and the Notice of Changes, including the application instructions and detailed scoring criteria and guidelines, are also available on our website. As always, our Housing and Community Investment staff (1-888-424-3863) will be happy to answer your questions and provide technical assistance.

Sincerely,
 
Edward A. Hjerpe III
President and Chief Executive Officer