Today we are celebrating the success of four clients for their recent Affordable Housing Program (AHP) awards! The Aroostook Band of Micmac Housing Department, Red Cliff Chippewa Housing Authority, Eastern Shoshone Housing Authority and Red Lake Reservation Housing Authority all recently received grants through the Federal Home Loan Bank’s competitive AHP program.
The grants and subsidized loans provided through AHP give additional financial support to affordable rental housing and homeownership projects and can be used in combination with other funding programs like the Low Income Housing Tax Credit (LIHTC) program, Indian Community Development Block Grants (ICDBG), or Native American Housing Assistance and Self Determination Act (NAHASDA) grants.
With the support of the Bangor Savings Bank, the Aroostook Band of Micmac Housing Department in Maine received $750,000 from the FHLB of Boston for MicMac Rehab Project 2 — a 14-unit rehabilitation project. The single-family homes are located in the Bon Aire subdivision and were originally constructed around 1957 as military housing for Loring Air Force Base. After the base closed, the homes were moved to their current location of Presque Isle. The homes are in critical need of repair. Exterior improvements will include foundation repairs, new siding, new windows and improvement to grading. Interior work will add water-conserving fixtures, an improved ventilation system and improved insulation. This award and rehabilitation project will benefit units in the same subdivision that received an award of $350,000 last year.
In Wisconsin, the Red Cliff Chippewa Housing Authority (RCCHA) received $570,000 for its Red Cliff Rehab #2 project, from the FHLB of Chicago and sponsored by Bay Bank. The project consists of 38-units — a mix of duplexes and single-family homes in three neighborhoods — and the majority of the funding is being provided through the LIHTC program with equity investment from Alden Capital Partners. The project also includes the rehabilitation of a community services building (pictured below) on the Red Cliff Reservation.
In Wyoming, with the support of the Central Bank & Trust, the Eastern Shoshone Housing Authority (ESHA) received $500,000 for its ESHA 2016 Indian Community Development Block Grant (ICDBG) project from the FHLB of Des Moines. The AHP portion of the project will rehabilitate 91 units in three villages on the Wind River Reservation. Renovations include updating roofs, gutters, replacing windows and exterior doors.
Fourth but not least, the Red Lake Reservation Housing Authority (RLRHA) received $350,000 from the FHLB of Des Moines, for its upcoming Red Lake #13 project. This project, which was supported by First National Bank Bemidji, consists of 35 new single-family homes. It received its LIHTC award in October to become RLRHA’s 12th tax credit project. Red Lake’s past LIHTC projects have built or rehabilitated 287 units! In total, RLRHA has received $2,689,100 of AHP awards that have benefited these units. A house from Red Lake Homes #12 is pictured below.
Congratulations on these awards!
Over the last 21 years, Travois has helped 37 tribes to receive 65 awards of AHP funds for a total of $25,639,373 in soft money.
If you are interested in applying for AHP funds, please contact us.