1. AHP Set-aside Product Training
Federal Home Loan Bank of Atlanta AHP Set-aside Product Training Member Education Presentation
AHP Set-aside Product Training
FEDERAL HOME LOAN BANK OF ATLANTA
FEDERAL HOME LOAN BANK OF ATLANTA 1 1

2. What you‘ll take away from this session:
An overview of FHLBank Atlanta’s new AHP Set-aside Products
An understanding of how to access product funds 2 2

3. FHLBank Atlanta’s Exciting New Product Offering!
5 AHP Set-aside Products are now available
Purchase Products
Community Stability Product (CSP)
Foreclosure Recovery Product (FRP)
First-time Homebuyer Product (FHP)
Rehabilitation Products
Energy Efficiency/ Weatherization Rehabilitation Product (EWP)
Accessibility Rehabilitation Product (ARP)

4. FHLBank Atlanta’s New Set-aside Products can help!
Are you interested in?
The opportunity to generate fee income on purchase transactions
Enhancing and developing realtor partnerships
Reducing loan risk
Additional equity to reduce loan to value
Improving the condition of collateral
Funding that can be combined with down-payment assistance from other sources
A streamlined process with reduced paperwork
Addressing CRA requirements
FHLBank Atlanta’s New Set-aside Products can help!

5. First-time Homebuyer Product
The First-time Homebuyer Product provides matching funds for the down payments and closing costs of first-time homebuyers.
Product Highlights:
Maximum subsidy is $7,500 per homebuyer
Funding is provided as a 4 to 1 match
The homebuyer must contribute at least $1,000
The homebuyer must have income that is less than or equal to 80% AMI adjusted for family size
Purchased home must be used as the homebuyer's primary residence
Homebuyer must meet the definition of a first-time homebuyer as defined by the Cranston-Gonzalez National Affordable Housing Act of 1990 5

6. Community Stability Product
Expand
Your
Market
Community Stability Product
FHLBank Atlanta's Community Stability product provides up to $7,500 in down-payment and closing-cost funding to first-time homebuyers or non-first-time homebuyers for the purchase or purchase and rehabilitation of an existing home in neighborhoods targeted for stabilization by a government or special district or authority.
Product Highlights:
Maximum subsidy is $7,500 per homebuyer
Funding is provided as a 4 to 1 match
The homebuyer must contribute at least $1,000
The homebuyer must have income that is less than or equal to 80% AMI adjusted for family size
Home must be located in a neighborhood targeted for stabilization by a federal, state, or local government entity or any special district or authority. 6

7. Examples of Community Stability target areas include but are not limited to:
Community Development Block Grant Target Areas
Tax Allocation Districts
Community Reinvestment Act Target Areas
Enterprise Zones
Special Planning Areas
State/Local Housing Agency Target Areas
Neighborhood Stabilization Program Target Communities
Disaster Recovery Zones
USDA Rural Designated Areas 7

8. Foreclosure Recovery Product
FHLBank Atlanta's Foreclosure Recovery product provides up to $15,000 in down-payment, closing-cost, and rehabilitation funding for the purchase or purchase and rehabilitation of an existing home from the Real Estate Owned (REO) inventory of an FHLBank Atlanta member financial institution. The funding is available to first-time homebuyers or non-first-time homebuyers.
Product Highlights:
Maximum subsidy is $15,000 per homebuyer
Funding is provided as a 4 to 1 match
The homebuyer must contribute at least $1,000
The homebuyer must have income that is less than or equal to 80% AMI-adjusted for family size
Home must be part of an FHLBank Atlanta member's Real Estate Owned property inventory
Purchase price of unit cannot exceed the "as-is" market value 8

9. Property Eligibility Requirements for Purchase Products
Eligible Properties
Owner-occupied units that are intended as the primary residence of the homebuyer
Single Family detached
Condominiums
Townhouses
Foreclosed properties
Cooperatives
Manufactured and Mobile Housing
Must be titled as real property in accordance with the laws and requirements of the jurisdiction where the property is located
New construction
New construction requests are eligible when the home is within 30 days or less of being closed (FHP and CSP only)
Eligible Geographic Areas:
First-time Homebuyer
Community Stability
Foreclosure Recovery
AL, DC, FL, GA, MD, NC, SC, VA
Home must be located in a neighborhood targeted for stabilization by a federal, state, or local governmental entity 9

10. Example Homebuyer: Mr. W… 1st Mortgage Provided by Your Institution
Home Sales Price
$99,500
Closing Costs
$6,282
Total Costs
$105,782
Member First Mortgage
$92,536
AHP Set-aside
$7,500
Homebuyer down-payment
$1,500
Seller Contribution
$4,246
Member LTV
(First Mortgage/Sales Price)
93%
Member LTV without AHP Set-aside
101%
Reduce
Loan
Risk 10

11. Are you interested in? Enhancing your existing collateral
Developing strategic partnerships with key stakeholders in your market
City, county and state government agencies
Community development groups and nonprofit organizations
Contractors
Funding that can be combined with other sources
Cross selling products to current and potential customers
Improving the condition of properties to facilitate refinancing
A streamlined process with reduced paperwork
Paperwork can be initiated by community development groups or nonprofit organizations
Addressing CRA requirements

12. Energy Efficiency and Weatherization
FHLBank Atlanta's Energy Efficiency and Weatherization product provides up to $15,000 for weatherization and energy efficient improvements of an existing owner-occupied home.
Eligible improvements include but are not limited to exterior doors, HVAC systems, insulation, water heaters, roof, windows, and low-flow plumbing fixtures
Product Highlights:
Maximum subsidy is $15,000 per homebuyer
Have incomes at or below 80% AMI adjusted for family size
Home must be owner-occupied and used as the borrower's primary residence
Borrower must have at least one year of ownership by a life estate or a full interest in the fee title
Rehabilitation products allow for the involvement of an intermediary organization or corporation working with the member. Soft costs, including intermediary fees, of up to 20% of hard costs are allowed. 12

13. Accessibility Rehabilitation
FHLBank Atlanta's Accessibility Rehabilitation product provides up to $15,000 to pay for accessibility improvements of an existing owner- occupied home.
Eligible improvements include but are not limited to exterior ramps and sidewalks, bathroom and kitchen renovations, door widening, and floor replacement
Product Highlights:
Maximum subsidy is $15,000 per homebuyer
Have incomes at or below 80% AMI adjusted for family size
Home must be owner-occupied and used as the borrower's primary residence
Borrower must have at least one year of ownership by a life estate or a full interest in the fee title
Rehabilitation products allow for the involvement of an intermediary organization or corporation working with the member. Soft costs, including intermediary fees, of up to 20% of hard costs are allowed. 13

14. Eligible Uses of Funds
Maximum funding of $15,000 available per homeowner
Funds are to be used for the rehabilitation of an existing owner-occupied unit
Energy Efficiency / Weatherization Rehabilitation Product (EWP)
Accessibility Rehabilitation Product (ARP)
Scope is limited to the following to advance energy efficiency / weatherization objectives:
Scope is limited to the following to advance accessibility objectives:
Scope of Work
% of Max Funding
Exterior Doors
Not to exceed 15%
Exterior ramp, sidewalk, and/or driveway
HVAC
Not to exceed 55%
Handicapped bathrooms including toilets, sinks, vanities, grab bars, and showers
Insulation
Roof
Not to exceed 35%
Kitchen cabinets / sink
Not to exceed 45%
Carpentry to widen doors
Windows
Not to exceed 40%
Replacement of floor coverings
Not to exceed 50%
Low flow plumbing fixtures
Other rehabilitation
Not to exceed 20% 14

15. Property Eligibility Requirements
Eligible Properties
Owner-occupied units that are intended as the primary residence of the homebuyer
Single Family detached (1-4 Units)
Condominiums
Townhouses
Cooperatives
Manufactured and Mobile Housing
Must be titled as real property in accordance with the laws and requirements of the jurisdiction where the property is located
Have at least one year current ownership
Life estate
A full interest in the fee title
Eligible Geographic Areas:
FHLBank Atlanta District
Alabama, District of Columbia, Florida, Georgia, Maryland, North Carolina, South Carolina, Virginia 15

16. Example
Habitat for Humanity works with low and moderate income families as well as the elderly homeowners throughout the state to achieve the organization’s goal of safe and decent affordable housing
Habitat has identified 15 low and moderate income homeowners in need of energy efficiency/ accessibility repairs
Rehabilitation cost will be $10,000 per home
Inspection costs before and after completion of repairs will be $250 per home
How much will Habitat earn if they coordinate the repairs for all 15 homes?  
Note: All participating homeowners must complete financial literacy counseling with CredAbility for a fee of $150

17. Example Maximum Available Funding (per home) $ 15,000
Rehab costs  $ 10,000
Soft Costs – 20% $ 2,000
Total Cost for this Home $12,000
Maximum Soft Costs $ 2,000
Member Financial Institution ($200)
CredAbility Counseling Fee ($150)
Inspection fees paid ($250)
Habitat will earn $1,400 * 15 $21,000

18. Audience Specific Messaging Customizable Product Brochures
Tools for Success
Product Expertise
Technical Assistance
Webinars/ Workshops
FHLBank Atlanta will provide:
Training Materials
Interactive Website
Product Brochures
Audience Specific Messaging
Customizable Product Brochures

19. How To Apply
Intermediaries apply for funds for eligible homebuyers/ homeowners through an FHLBank Atlanta member financial institution
Upon the approval of all documentation required for funding FHLBank Atlanta will credit funds to the member financial institution’s demand deposit account
Member financial institutions will submit applications to FHLBank Atlanta on behalf of the homebuyer/ homeowner
Member financial institutions will disburse funds:
Prior to loan closing for purchase products
After work is completed for rehabilitation products

20. Do You Have Deal?...Give us a call!
How To Get Started
New AHP Set-Aside Product Users
Execute the Set-aside Product Agreement
Designate a Program Manager
Submit Your Applications
Required with initial application for funding:
Sample retention documents (note and mortgage)
Completion of product training 20

21. Do You Have Any Questions? ?
We are happy to help

22. Contact Us For More Information
Business and Relationship Development
General Information, Member Activation, Product Eligibility, etc.
(800) , Option 3, Option 3
ShaDonte Dozier (DC, MD, SC, VA)
CIS Business and Relationship Development Manager
Louis Freeman (AL, FL, GA, NC)
Johnetta Tinsley
CIS Lending & Disbursement Documentation Specialist 22