The AHEAD Program supports targeted economic development projects and non-AHP-eligible housing initiatives that create or preserve jobs, facilitate improvements to public or private infrastructure, or deliver social services, training or educational programs, or other services and programs that benefit low- and moderate-income communities. AHEAD grants are awarded through members to community groups annually.
- Foster economic development and promote community stability and self-sufficiency
- Support diverse approaches to addressing core community and market needs
- Fund the development, launch, growth, or extension of eligible projects or programs
- Opportunity to build relationships with community organizations that can lead to new business opportunities
- Funds can be used to pay for a wide variety of development and operating costs
- Grants are awarded based on AHEAD program eligibility and project evaluation
Key Features and Guidelines
The amount of funds available for AHEAD Program grants is posted on the Bank's website annually.
Project sponsors must be nonprofit organizations engaged in community development activities in Arizona, California, or Nevada; projects must also be located in these three states. To be eligible for an AHEAD grant, a project must meet the Bank’s qualifications for its Advances for Community Enterprise (ACE) Program, which provides advances for projects: offer services or benefits to low- to moderate-income households, result in the creation or retention of jobs in the community, or facilitate public or private infrastructure projects. Housing projects that might be eligible for funding from the Bank’s Affordable Housing Program funding will not be eligible for AHEAD grants.
Eligible Uses of Funds
- Support organizational and capacity-building activities
- Obtain assistance in applying for loans and grants from other funding sources
- Finance research, studies, and planning
- Pay for consultants and other professional services
- Provide social services
- Other purposes deemed eligible by the Bank
Application deadlines and materials are posted on the Bank's website annually.
The Bank will approve grants based on evaluation of the grant application. Member commitment, whether financial or otherwise, will be considered in the grant selection process. Project sponsors must demonstrate the capacity to execute the proposed project within an 18-month timeframe.
Disbursement of Funds
Funds will be provided through a grant to the member. The project sponsor must request disbursement of the grant by the last business day of the calendar year following the effective date of the AHEAD Program Agreement executed by the member and the project sponsor. The member must disburse the funds to the project sponsor within 30 days of receipt of funds from the Bank. The grant is not an indebtedness of the member or the project sponsor and will not be secured by a retention mechanism. Grant funds must be used within 18 months of the effective date of the award, or may be subject to recapture or repayment..
Within 18 months of notification of the AHEAD award, the project sponsor is required to provide the member and the Bank with a one-time report outlining the status of the project. The report must include financial statements or other documentation showing expenditures of the grant funds and explain any significant variances to the proposed use of the grant, as stated in the application.
Last Modified: April 2016