Transcript AHP 2015 Competitive Offering

Affordable Housing Program
(“AHP”)
2015 Competitive Offering
Overview of the Application Process
FHLBNY
© 2015
FEDERAL HOME LOAN BANK OF NEW YORK • 101 PARK AVENUE • NEW YORK, NY 10178 • WWW.FHLBNY.COM
AHP Application Overview
» 2015 Competitive AHP Allocation: $22 million
» Submission Deadline: Monday, June 15th
» Applications and corresponding documentation must be
submitted by USB Flash Drive
» All applications must be submitted through a FHLB-NY
stockholder institution, or Member
» A list of Members is accessible on the FHLB-NY website at
http://www.fhlbny.com/members/membership-list.aspx
FEDERAL HOME LOAN BANK OF NEW YORK
Application Submission Process
» 2015 AHP applicants must utilize an electronic application
(AHP/APP-001)
» Review the Exhibit Cover Pages to provide corresponding
information and documentation
– Failure to include documentation related to eligibility or scoring may
result in a reduction in score or a project’s elimination from the round
FEDERAL HOME LOAN BANK OF NEW YORK
Minimum Eligibility Requirements
» All application submissions must meet the Bank’s Minimum
Eligibility Requirements
» For more information regarding the AHP Minimum Eligibility
Requirements, please review the 2015 AHP Implementation
Plan http://www.fhlbny.com/forms/ahp_100.pdf
FEDERAL HOME LOAN BANK OF NEW YORK
Scoring Phase
» There are 9 scoring categories that total 100 points.
1. Donated Properties (5 points)
2. Not-for-Profit / Government Entity Sponsorship (10 points)
3. Targeting (20 points)
4. Homeless Housing (7 points)
5. Empowerment (5 points)
6. Community Stability (22 points)
7. First District Priority (6 points)
8. Second District Priority (20 points)
9. Subsidy Per Unit (5 points)
FEDERAL HOME LOAN BANK OF NEW YORK
Financial Feasibility Review
» The highest ranking eligible applications will be reviewed to
confirm whether the project is financially feasible and
consistent with the AHP Feasibility Guidelines
» Provide detailed explanations if any items are outside of the
AHP Financial Feasibility Analysis Guidelines (AHP-101)
FEDERAL HOME LOAN BANK OF NEW YORK
Additional Application Assistance
» Review the following before completing your application:
– AHP Implementation Plan (AHP-100)
– AHP Feasibility Guidelines (AHP-101)
– AHP Application Manual (AHP/APP-102) and (AHP/APP-106)
» See detailed tutorials on our website for additional assistance
with the following application package materials:
– Application (AHP/APP-001)
– Rental Project Workbook (AHP/APP-108)
– Owner Project Worksheet (AHP/APP-104)
– Cost Feasibility Tool (AHP/APP-109)
FEDERAL HOME LOAN BANK OF NEW YORK
Advancing Housing and Community Growth
Questions?
Please e-mail us at [email protected]
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information should not be construed as an opinion, recommendation or solicitation regarding the use of any financial strategy and/or the purchase or sale of
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101 PARK AVENUE • NEW YORK, NY 10178 • WWW.FHLBNY.COM