As a member of the Federal Home Loan Bank (FHLB) of Atlanta, our team was recently notified FHLB has released an additional $5 million dollars for the Affordable Housing Program (AHP) Homeownership Set-Aside Program.
Funding is based on a first-come, first-served basis for eligible borrowers. The First-Time Homebuyer Product offers up to $7,500 for first-time homebuyers to assist with the down payment and closing costs incurred when purchasing a home. Additionally, the Community Partners Product provides a maximum home purchase assistance subsidy of up to $10,000 for current or retired law enforcement officers, educators, health care workers, firefighters, and other first responders, veterans and active-duty members of the military, or their surviving spouse, and COVID-related essential workers who are purchasing a home.
In addition to meeting income eligibility requirements, the homebuyer must meet program stipulations. If you would like to learn more information about this program, please contact our team today!
*First-Time Homebuyer Product and Community Partners Product are products of the Federal Home Loan Bank of Atlanta. Household income restrictions and other requirements apply. Please see Federal Home Loan Bank of Atlanta's Affordable Housing Program Implementation Plan at www.fhlbatl.com for complete product requirements.