What is FHLB AHP?
Under the Federal Home Loan Bank Act (FHLBank Act), the specified uses of AHP funds are to finance the purchase, construction, or rehabilitation of owner-occupied housing for low- or moderate-income households (with incomes at 80 percent or less of the area median income), and the purchase, construction, or …
What is AHP in housing?
View All Glossary Definitions. A Federal Home Loan Bank (FHLB) program that provides competitive grants and subsidized loans through local bank members to support affordable housing deelopment. Use of funds is flexible and they can be used with many other programs.
What is AHP program?
Affordable Housing Program (AHP) funds are intended to assist FHLB Dallas members in financing the purchase, construction and/or rehabilitation of owner-occupied, rental or transitional housing, as well as housing for homeless individuals in their community.
What is Fhlb rate?
FHLB Rate means the rate per annum quoted by Lender as Lender’s FHLB rate based upon the FHLB Seattle rate as quoted in Bloomberg, or on the FHLB Seattle internet web site at www.FHLBsea.com, or other comparable service selected by Lender for the applicable Interest Period.
What are FHLB funds?
FHLBanks raise funds primarily from issuing bonds called consolidated obligations. FHLBanks focus on mortgage financing and related community investments, providing low-cost loans that member banks can pass on to customers.
Is the Federal Home Loan Bank a government agency?
The Federal Home Loan Bank System was created by the Federal Home Loan Bank Act as a government sponsored enterprise to support mortgage lending and related community investment. Each FHLBank is a separate, government-chartered, member-owned corporation.
What is the 5 year FHLB rate today?
Current Rates
| TERM | REG. | CDA EXTRA |
|---|---|---|
| 1 YEAR | 0.41 | 0.31 |
| 2 YEAR | 0.97 | 0.73 |
| 3 YEAR | 1.33 | 1.07 |
| 5 YEAR | 1.74 | 1.47 |