 |
|
 |
|
 |
|
 |
|
 |
|
 |
|
|
|
||
|
AHEAD Program: Frequently Asked Questions
Who can submit an application for AHEAD Program funds? Only Bank member financial institutions may submit applications for AHEAD Program funds. Top
How does the application process work? Following the annual announcement of the AHEAD Program, Bank members, working in partnership with community-based sponsors, will submit a letter of intent for specific projects. Selected projects will be invited to submit applications. Top
What kinds of projects are eligible to receive AHEAD funds? The Bank will fund projects that provide housing, services, or other benefits to low- to moderate-income households, result in the creation or retention of jobs, or facilitate public or private infrastructure projects. Top
How much money is available for the AHEAD Program? In 2008, the Bank will award $500,000 in AHEAD Program funds. Top
Are AHEAD Program grants recoverable? Yes. If the project meets its goals, the project sponsors will repay the AHEAD grant to the Bank, which will recycle the funds for other economic development and affordable housing projects in the 11th District. Top
|
|
|
||