Four developments get a boost with Affordable Housing Program (AHP) funds

The Knik Tribe, Pascua Yaqui Tribe, Tohono O’odham Ki:Ki Association and Pueblo of Acoma Housing Authority received a total of $2,367,000 in Affordable Housing Program (AHP) grants for a combined 119 new homes in their tribal communities.

The Federal Home Loan Bank of Des Moines awarded the tribal developments through the 2021 Competitive Affordable Housing Program:

Knik Homes #1 – $750,000 (First National Bank of Alaska)
TOKA Homes #5 – $600,000 (Glacier Bank)
Pascua Yaqui Homes #8 – $567,000 (Glacier Bank)
PAHA Homes #2 – $450,000 (Glacier Bank)

The AHP is a competitive program through the Federal Home Loan Bank system that awards grants and subsidized loans to support affordable rental housing and homeownership opportunities. Housing authorities use the extra subsidy to lower the need for tribal funding in the developments.

We are thrilled our clients will get an extra boost for their housing developments and applaud the Federal Home Loan Bank system for recognizing the great need in Indian Country. Read more about the developments awarded funds from FHLB of Des Moines here.

Travois has raised more than $34 million in AHP funds through 79 successful applications, assisting 43 American Indian tribes with grant funding for new and rehabilitated homes. If you are interested in applying for AHP funds, please contact us and we can discuss the opportunity for accessing this useful resource.

(Image: TOKA Homes #5 architectural rendering by Travois Design.)

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