1. FHLB Atlanta - AHP Competitive Program
September 21, 2016
Housing Credit Conference
Richmond, Virginia
Joel Brockmann, Rental Production Manager

2. What is the Affordable Housing Program?
Unique Offering to Shareholder and Community
Reservation of up to $500,000 for
rental or ownership projects for up to 18 months or 36 months
Minimum of 65 percent of the Bank’s
AHP funds are used for Competitive
$714 million since ,150 units
Commercial Loan Officers
New construction
Rehabilitation
Multifamily
Single-family
AHP
Competitive
Program
*As of 9/15/2016

3. AHP Competitive Program (Rental)
Rental transactions
Types
Low-Income Housing Tax Credit Non-LIHTC multi-family
Mixed-Use
Reduces project debt service
Which thereby permits a reduction in project rents to enable affordability
Use of Funds
Acquisition
Rehabilitation
New Construction and/ or
Permanent funding
Supportive Housing transactions
Social service residential facilities
Riverside Place Apartments, Damascus, VA
$168,881 AHP Subsidy
22 rental units
The Crossings at Fourth and Preston, Charlottesville, VA
$600,000 AHP Subsidy
60 rental units

4. Rental Example: Extend Credit and Reduce Loan Risk
Multi-family Rental, Rehab
Franklin, VA, 75 unit family property
Total Costs
AHP
Shareholder
Other
Acquisition
$1,209,063
Construction
$7,183,229
$500,000
$3,635,600
$3,047,629
Soft Costs
$1,259,958
Other Costs
$1,682,627
Total Development Budget
$11,334,877
$7,199,277
Total Debt – First Mortgage
Member Loan-to-value (LTV/Cost)
32.1%
AHP Competitive
Total Debt if AHP converted to Debt
$4,135,600
Member LTV/Cost
if AHP converted to Debt
36,49%
DCR
1.22
DCR if AHP converted to Debt (7% for 15 years)
1.02
14A04028 Berkley Court

5. FHLBank Atlanta AHP Scale and Impact
$714.5 Million
competitive funds awarded to create over 113,158 rental and homeownership opportunities for moderate-, low- and very low-income households since 1990.
AHP Competitive Leverage Ratio – 1:13
AHP
Competitive
Program
AHP
Set-aside
Program
$171.8 Million
funded through AHP Set-aside products and supporting more than 25,500 units since 1997.
AHP Set-aside Purchase Leverage Ratio – 1:20
Community
Investment
Program
$7.6 Billion
low-cost CICA advances supporting community economic initiatives and affordable housing development.
Economic
Development
Program
*As of 9/1516

6. FHLBank Atlanta LIHTC AHP Cumulative Scale and Impact
( )

7. FHLB Atlanta Supportive Housing
Housing projects that include low-to-moderate income units reserved for individuals and families that are homeless, mentally or physically disabled, recovering from physical or substance abuse, or have HIV/AIDS.
Studios at South Richmond Virginia Supportive Housing
$ AHP Subsidy
Richmond, VA
39 Rental Units for Supportive Housing

8. How to Apply for AHP Competitive Funding

9. How to Apply for AHP Competitive Funding
Getting Started
All applications include a FHLBank Atlanta Member and a Sponsor
Members are the financial institutions that are part of the Federal Home
Loan Bank of Atlanta
Member list is on the FHLBank Atlanta website
Call if you would like assistance on reaching the right person
Sponsors are housing developers, public entities, contractors, community
builders, and other organizations engaged in housing construction,
rehabilitation, and development of affordable rental or owner-occupied
housing
Sponsors drive the application process; members review and approve
applications

10. How to Apply for AHP Competitive Funding
Review Criteria
Threshold
Application Certification
Site Control
20% of Funding Sources Committed prior to application
Sponsor is Qualified and Able
Scoring
Project Feasibility and Cost Guidelines
Development Budget
Pro forma (Rental only)
Note: Sponsors should carefully read the AHP Implementation Plan for detailed requirements.

11. How to Apply for AHP Competitive Funding
2017 Scoring
New

12. Questions? Joel Brockmann Glenn Stewart Rental Production Manager
Glenn Stewart
Lending and Disbursement Analyst II
Clarissa Weaver
Lending and Disbursement Analyst II
Richard Mauney
Lending and Disbursement Analyst
James Monaghan
Lending and Disbursement Analyst II
ShaDonte Butler
Community Investment Business Development Manager
General Information: (800) , Option 3, Option 1, Option 0 12