The Federal Home Loan Bank of Boston (the Bank) has announced it has $18.2 million available for the 2013 round of their Affordable Housing Program (AHP).
The AHP encourages local planning of affordable rental and homeownership initiatives and allows the Federal Home Loan Bank of Boston to address, in partnership with their member institutions, affordable-housing needs in communities across New England. A portion of the Bank's net earnings funds the program, which awards grants and low-interest advances or loans, through member institutions.