The Louisiana Housing Corporation Highlights the Success of the FHLB Dallas AHP Program
Thursday, 4 January 2024—Louisiana Housing Corporation (LHC) highlights the success of The Affordable Housing Program (AHP) by the Federal Home Loan Bank of Dallas (FHLB Dallas) as they proudly announced a significant enhancement in its funding allocation for the year 2024. In a decisive move to fortify community development initiatives, the program has increased its funding support, enabling projects to access up to $2 million in financial aid.
This financing will help purchase, construct, and/or rehabilitate owner-occupied rental or transitional housing and housing for homeless individuals in their community. AHP funds must be used to benefit households with incomes at or below 80% of the Area Median Income (AMI).
Please contact one of the AHP analysts at 800-362-2944 for technical assistance or questions or email at ahp@fhlb.com.
ABOUT LHC
The purpose of the LHC is to substantially increase the availability of affordable, accessible, and safe residential housing in Louisiana. The LHC was created in 2011 when the Louisiana Legislature merged the Louisiana Housing Finance Agency with housing programs from other state agencies to streamline how the state would address its housing needs, avoid duplication of efforts, and improve service to the general public. The LHC administers federal and state funds through programs designed to advance the development of energy-efficient and affordable housing for low- and moderate-income families, drives housing policy for Louisiana, and oversees the state’s Disaster Housing Task Force.
