A total of 36 members will receive nearly $12.1 million in AHP subsidy to help produce 1,537 units of affordable housing for very low- to moderate-income residents. Of 48 project awards, 29 support owner-occupied housing and 19 support rental housing.
FHLB Cincinnati allocates 10 percent of its net income annually to the AHP, which makes housing more affordable for persons at or below 80 percent of the area median income. Subsidy is awarded to members through an annual AHP competitive offering.
Awards below are listed by the state where the project is located.
Project: NLDM Single Moms' Supportive Housing
Location: Louisville, Ky.
Member: Stock Yards Bank & Trust Company, Louisville, Ky.
Sponsor: New Life Directions Ministries, Inc.
Award: $400,000
Units: 20
Project type: Rental
Project: WeCare Plus - Jefferson & Fayette
Location: Jefferson and Fayette Counties, Ky.
Member: Limestone Bank, Inc., Louisville, Ky.
Sponsor: Midwest Energy Efficiency Alliance
Award: $398,650
Units: 93
Project type: Ownership
Project: WeCare Plus - Appalachia
Location: Madison, Bell and Harlan Counties, Ky.
Member: Limestone Bank, Inc., Louisville, Ky.
Sponsor: Midwest Energy Efficiency Alliance
Award: $398,650
Units: 93
Project type: Ownership
Project: 2022 PH Rehabilitation Project
Location: Owsley County, Ky.
Member: Farmers State Bank, Booneville, Ky.
Sponsor: Partnership Housing, Inc.
Award: $300,000
Units: 20
Project type: Ownership
Project: 2022 Homebuyer, Hazard, Ky.
Location: Perry, Breathitt, Knott and Leslie Counties, Ky.
Member: 1st Trust Bank, Hazard, Ky.
Sponsor: Housing Development Alliance, Inc.
Award: $240,000
Units: 24
Project type: Ownership
Project: 2022 Frontier Housing Scattered Site Development
Location: Rowan, Bath, Carter, Boyd, Elliott, Fleming, Greenup, Lawrence, Magoffin, Menifee, Montgomery, Morgan, Robertson and Wolfe Counties, Ky.
Member: Stock Yards Bank & Trust Company, Louisville, Ky.
Sponsor: Frontier Housing, Inc.
Award: $225,000
Units: 15
Project type: Ownership
Project: LHFH Homebuyer Program 2023
Location: Fayette, Ky.
Member: Community Trust Bank, Inc., Pikeville, Ky.
Sponsor: Lexington Habitat for Humanity
Award: $125,000
Units: 5
Project type: Ownership
Project: HFH of Henderson, Ky. 2022
Location: Henderson County, Ky.
Member: Field & Main Bank, Henderson, Ky.
Sponsor: Habitat for Humanity of Henderson, Ky., Inc.
Award: $100,000
Units: 4
Project type: Ownership
Project: Beattyville Housing Phase IV Project
Location: Lee County, Ky.
Member: Peoples Exchange Bank, Winchester, Ky.
Sponsor: Beattyville Housing and Development Corporation Inc.
Award: $75,000
Units: 5
Project type: Ownership
Project: Cave Run Owner Occupied Rehabilitation Project
Location: Rowan, Morgan, Wolfe, Magoffin, Elliot, Menifee and Bath Counties, Ky.
Member: Commercial Bank, West Liberty, Ky.
Sponsor: Cave Run Habitat for Humanity
Award: $75,000
Units: 10
Project type: Ownership
Project: Cave Run Housing 22
Location: Rowan, Morgan, Wolfe, Menifee and Bath Counties, Ky.
Member: Commercial Bank, West Liberty, Ky.
Sponsor: Cave Run Habitat for Humanity
Award: $62,000
Units: 3
Project type: Ownership
Project: KCEOC Housing Development Project 2022
Location: Knox County, Ky.
Member: Forcht Bank, National Association, Lexington, Ky.
Sponsor: KCEOC Community Action Partnership, Inc.
Award: $48,000
Units: 2
Project type: Ownership
Project: 2022 Heart of Paducah Homebuyer Program
Location: McCracken County, Ky.
Member: Community Financial Services Bank, Benton, Ky.
Sponsor: Paducah Alliance of Neighbors
Award: $30,000
Units: 2
Project type: Ownership
Project: Union County HFH 2022
Location: Union County, Ky.
Member: United Community Bank of West Kentucky, Inc., Morganfield, Ky.
Sponsor: Union County Habitat for Humanity, Inc.
Award: $24,000
Units: 1
Project type: Ownership
Project: BCHFH 2022 SHERIDAN
Location: Boyle County, Ky.
Member: The Farmers National Bank of Danville, Danville, Ky.
Sponsor: Boyle County Habitat for Humanity
Award: $20,000
Units: 1
Project type: Ownership
Project: The Park Apartments
Location: Toledo, Ohio
Member: The Huntington National Bank, Columbus, Ohio and Premier Bank, Youngstown, Ohio
Sponsor: Lucas Housing Services Corporation and Community Housing Network, Inc.
Award: $400,000
Units: 45
Project type: Rental
Project: Fieldstone Cottages
Location: Columbus, Ohio
Member: The Huntington National Bank, Columbus, Ohio and CareSource Reinsurance, LLC, Dayton, Ohio
Sponsor: Columbus Housing Partnership, Inc.
Award: $400,000
Units: 40
Project type: Rental
Project: Pedretti Place
Location: Cincinnati, Ohio
Member: KeyBank, National Association, Cleveland, Ohio and Cincinnati Development Fund, Cincinnati, Ohio
Sponsor: Episcopal Retirement Services Affordable Living LLC
Award: $400,000
Units: 48
Project type: Rental
Project: Youngstown Home Repair Program 2022
Location: Mahoning County, Ohio
Member: The Huntington National Bank, Columbus, Ohio and The Farmers National Bank of Canfield, Canfield, Ohio
Sponsor: Youngstown Neighborhood Development Corporation
Award: $400,000
Units: 45
Project type: Ownership
Project: Liberty Senior Lofts
Location: Liberty Township, Ohio
Member: The Huntington National Bank, Columbus, Ohio and Premier Bank, Youngstown, Ohio
Sponsor: The ABCD Inc. and MVAH Holding LLC
Award: $400,000
Units: 43
Project type: Rental
Project: YS Senior
Location: Yellow Springs, Ohio
Member: Wright-Patt Credit Union, Beavercreek, Ohio
Sponsor: Yellow Springs Home, Inc.
Award: $400,000
Units: 8
Project type: Rental
Project: CHS Home Repair 2023 South Euclid and Cuyahoga County
Location: Cuyahoga County, Ohio
Member: Third Federal Savings and Loan Association of Cleveland, Cleveland, Ohio
Sponsor: Community Housing Solutions
Award: $400,000
Units: 80
Project type: Ownership
Project: Oxford Cottage Community
Location: Oxford, Ohio
Member: First Financial Bank, Cincinnati, Ohio
Sponsor: Center for Community Revitalization
Award: $400,000
Units: 12
Project type: Rental
Project: CHS Home Repair 2023-Lyndhurst and Cuyahoga County
Location: Cuyahoga County, Ohio
Member: Third Federal Savings and Loan Association of Cleveland, Cleveland, Ohio
Sponsor: Community Housing Solutions
Award: $400,000
Units: 40
Project type: Ownership
Project: Franciscan Annex
Location: Cleveland, Ohio
Member: KeyBank, National Association, Cleveland, Ohio
Sponsor: Our Lady of Angels Apartments, Inc. and Salus-Joyce Development LLC
Award: $400,000
Units: 63
Project type: Rental
Project: Norma Herr Women's Center Rehab
Location: Cleveland, Ohio
Member: The Huntington National Bank, Columbus, Ohio and CareSource Reinsurance, LLC, Dayton, Ohio
Sponsor: Emerald Development and Economic Eden, Inc.
Award: $400,000
Units: 103
Project type: Rental
Project: Resolution Senior Apartments
Location: Ashtabula, Ohio
Member: RiverHills Bank, Milford, Ohio and CenterBank, Milford, Ohio
Sponsor: Spire Development, Inc. and New Hope Pentacostal Church of Ashtabula, Inc.
Award: $398,750
Units: 28
Project type: Rental
Project: Fostoria 2022
Location: Fostoria, Ohio
Member: 1st National Bank, Lebanon, Ohio
Sponsor: New Housing Ohio, Inc.
Award: $375,000
Units: 15
Project type: Rental
Project: Fremont 2022
Location: Fremont, Ohio
Member: 1st National Bank, Lebanon, Ohio
Sponsor: New Housing Ohio, Inc.
Award: $315,000
Units: 24
Project type: Rental
Project: Maumee Valley Habitat for Humanity 2022-2023 Homeownership Program
Location: Lucas County, Ohio
Member: Signature Bank, N.A., Toledo, Ohio
Sponsor: Maumee Valley Habitat for Humanity
Award: $260,000
Units: 13
Project type: Ownership
Project: Secor Senior Lofts II
Location: Toledo, Ohio
Member: Fifth Third Bank, N.A., Cincinnati, Ohio
Sponsor: Pathway Inc. and MVAH Holding LLC
Award: $250,000
Units: 50
Project type: Rental
Project: Bexley Apartments
Location: Bexley, Ohio
Member: RiverHills Bank, Milford, Ohio
Sponsor: The Community Builders, Inc.
Award: $240,000
Units: 43
Project type: Rental
Project: North Hill Multi-Home Development
Location: Summit County, Ohio
Member: Premier Bank, Youngstown, Ohio and The Union Bank Company, Columbus Grove, Ohio
Sponsor: Habitat for Humanity of Summit County, Inc.
Award: $144,000
Units: 16
Project type: Ownership
Project: Slavic Village Emergency Home Repairs 2022
Location: Cuyahoga County, Ohio
Member: Premier Bank, Youngstown, Ohio
Sponsor: University Settlement, Inc.
Award: $120,000
Units: 12
Project type: Ownership
Project: HFH of Greater Cincinnati 2022
Location: Hamilton and Butler Counties, Ohio
Member: Republic Bank & Trust Company, Louisville, Ky.
Sponsor: Habitat for Humanity of Greater Cincinnati
Award: $100,000
Units: 10
Project type: Ownership
Project: 2022 New Construction Projects
Location: Montgomery, Greene and Clark Counties, Ohio
Member: Wright-Patt Credit Union, Beavercreek, Ohio
Sponsor: Habitat for Humanity of Greater Dayton, Inc.
Award: $100,000
Units: 5
Project type: Ownership
Project: Breaking New Ground in Wyandot County, Ohio
Location: Wyandot County, Ohio
Member: The Park National Bank, Newark, Ohio
Sponsor: Buckeye Ridge Habitat for Humanity, Inc.
Award: $40,000
Units: 2
Project type: Ownership
Project: Clayberry Apartments
Location: Knoxville, Tenn.
Member: Bank of Tennessee, Kingsport, Tenn.
Sponsor: Knox Housing Partnership Inc.
Award: $400,000
Units: 30
Project type: Rental
Project: Maryville Towers Rehab
Location: Maryville, Tenn.
Member: SmartBank, Pigeon Forge, Tenn.
Sponsor: Maryville Housing Authority
Award: $399,670
Units: 118
Project type: Rental
Project: Rivendell 1 Rehab
Location: Manchester, Tenn.
Member: Coffee County Bank, Manchester, Tenn.
Sponsor: Manchester Housing Authority
Award: $394,239.48
Units: 48
Project type: Rental
Project: ASP New Build TN 2022
Location: Washington, Hancock, Sullivan, Unicoi, Carter, Greene and Johnson Counties, Tenn.
Member: Bank of Tennessee, Kingsport, Tenn.
Sponsor: Appalachia Service Project, Inc.
Award: $375,000
Units: 15
Project type: Ownership
Project: The Opportunity Center Phase 2
Location: Memphis, Tenn.
Member: First Horizon Bank, Memphis, Tenn.
Sponsor: Memphis Union Mission
Award: $240,200
Units: 108
Project type: Rental
Project: AIP 2022
Location: Madison and Haywood Counties, Tenn.
Member: First Horizon Bank, Memphis, Tenn.
Sponsor: Habitat for Humanity Jackson TN Area
Award: $200,000
Units: 50
Project type: Ownership
Project: 2022 Loudon Habitat Repairs
Location: Loudon County, Tenn.
Member: SouthEast Bank, Farragut, Tenn.
Sponsor: Loudon County Habitat for Humanity
Award: $100,000
Units: 20
Project type: Ownership
Project: Critical Home Repair 2022/23 Knox, Tenn.
Location: Knox County, Tenn.
Member: Home Federal Bank of Tennessee, Knoxville, Tenn.
Sponsor: Knoxville Habitat for Humanity
Award: $50,000
Units: 10
Project type: Ownership
Project: Hanna Commons
Location: Indianapolis, Ind.
Member: Fifth Third Bank, N.A., Cincinnati, Ohio
Sponsor: Southeast Neighborhood Development, Inc. and UP Holdings LLC
Award: $400,000
Units: 55
Project type: Rental
Project: Community Action Agency of Northeast Alabama Home Uplift
Location: DeKalb and Marshall Counties, Ala.
Member: First Horizon Bank, Memphis, Tenn.
Sponsor: Community Action Agency of Northeast Alabama, Inc.
Award: $199,960
Units: 40
Project type: Ownership
Project: Bessemer Community Action Agency of Northeast Alabama Home Uplift
Location: Jefferson County, Ala.
Member: Pinnacle Bank, Nashville, Tenn.
Sponsor: Community Action Agency of Northeast Alabama, Inc.
Award: $47,000
Units: 10
Project type: Ownership