Affordable Housing Program and Natural Disasters

Individuals and households who were displaced by the severe storms, straight-line winds, flooding and tornadoes (Disasters) in Kentucky, Tennessee and Illinois on December 10, 2021, may be temporarily housed in vacant AHP-assisted rental units regardless of their income. This temporary suspension of household income limits for AHP-assisted rental projects is subject to the following conditions:

• The displaced individual/household must have resided in a county designated on or after December 11, 2021, for Individual Assistance by the Federal Emergency Management Agency or other government designated areas as a result of the Disasters.
• The project owner or project sponsor, as the case may be, must obtain written approval from the Federal Home Loan Bank of Cincinnati of the temporary suspension of the income limits for the project.
• The time period for suspension of household income limits shall not extend beyond December April 30, 2023.
• Project owners or project sponsors, as the case may be, must maintain and certify certain information, including the name and former address of each displaced individual/household, and a statement, signed under penalty of perjury by the displaced individual/head of household, that the individual/household requires temporary housing because of damage to the individual's/household's home in an eligible county.
• Project owners or project sponsors, as the case may be, must maintain documentation of the date the individual/household began temporary occupancy of the AHP unit and the date the occupancy ends.
• Rents charged must not exceed the existing AHP rents for the units, except as permitted under other federal agency declarations for housing assistance for individuals/households displaced by the Disasters.
• Existing AHP-eligible tenants may not be evicted or otherwise have their tenancy terminated as a result of efforts to provide temporary housing for displaced individuals/households.

All other AHP project obligations and requirements remain in effect.

To learn more, contact our Housing & Community Investment Department at 888-345-2246.