GRANTRADAR/Grant Programs/Federal Home Loan Bank Affordable Housing Program
FederalDirect GrantStackable

Federal Home Loan Bank Affordable Housing Program

Administered by Federal Home Loan Bank (Cincinnati / Indianapolis) · Federal Program

BENEFIT
Up to $1M
Deadline type: annual

Eligibility Requirements

  • 1Must partner with FHLB member financial institution
  • 2Must serve households at or below 80% AMI
  • 3Rental: 15-year affordability covenant required
  • 4Competitive annual round — strong scoring for very low income targeting

Eligible Project Types

Affordable HousingMultifamilyResidential
STACKING POTENTIAL

Federal Home Loan Bank Affordable Housing Program is stackable — it can be combined with other federal, state, and local programs on the same project. Michigan and Ohio projects commonly stack this federal credit with state brownfield TIF, historic tax credits, and local abatements to maximize total incentive value. Use GrantRadar to see your full stack.

Source: Federal Home Loan Bank (Cincinnati / Indianapolis) official program page ↗ · Last verified 2026-04-01
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STACKABLE WITH
Federal Historic Tax Credit
20% credit · Tax Credit
New Markets Tax Credit
39% credit · Tax Credit
Opportunity Zone Program
Negotiated / contact agency · Tax Abatement / Other
Federal Low Income Housing Tax Credit
Negotiated / contact agency · Tax Credit
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