The Federal Home Loans Banks’ (FHLBanks) Affordable Housing Program (AHP) is the largest private source of grant funds for the purchase, construction and renovation of housing for low- to moderate-income families in the United States. Each year, the FHLBanks are required to set aside 10% of their net income to fund the program, which can help home builders and developers finance affordable housing developments, create homeownership opportunities and stabilize neighborhoods, while reaching new customers and growing business opportunities. Each FHLBank also operates a Community Investment Program (CIP) that offers below-market-rate loans to members to provide long-term financing for housing and economic development that benefits low- and moderate-income families and neighborhoods.
Participants in this webinar will:
- Realize how the FHLBanks support the purchase, construction and renovation of affordable owner-occupied and rental housing through the AHP and CIP.
- Recognize the benefits of the AHP and the CIP for home builders and developers.
- Explain how home builders and developers can access AHP and CIP funds through their community partners.
- Discuss the application, review and selection process for funding requests.
- Wade McGuinn, CEO, McGuinn Homes, Columbia, S.C.
- Arthur Fleming, Senior Vice President and Director of Community Investment Services, FHLBank Atlanta, Atlanta, Ga.
- Glenn R. Brooks, Chief Operating Officer and Senior Vice President, Leon N. Weiner & Associates, Inc., Wilmington, Del.
- Robert Dozier, Executive Vice President and Chief Business Officer, FHLBank Atlanta, Atlanta, Ga.
NAHB Continuing Education: 1.0 hours of continuing education credits for the following 12 designations: CAPS, CGA, CGB, CGP, CGR, CMP, CSP, GMB, GMR, Master CGP, Master CSP, MIRM.
Cancellation and Refund Policy: No refunds are issued for webinar replays upon purchase. However, NAHB regularly reviews these products and reserves the right to remove replays that are no longer current. If you are unable to view a replay during your 12-month access period, please contact Sheila Coble.