AHP Success Stories

AHP Award Preserves 64 Units of Affordable Housing in Camden, NJ

Cooper Plaza Townhomes Preservation, which received a $970,000 commitment in the 2018 AHP round, will preserve 64 units of affordable housing in Camden, NJ. The project consists of 32 Victorian-style townhome buildings in the Cooper Lanning neighborhood. Cooper Plaza was submitted by Better Tomorrows in the previous AHP round and did not receive a commitment. The FHLBNY’s staff prides itself on its extensive outreach and technical training, and the many successful re-applications for the AHP – like the 2018 Cooper Plaza award – are a testament to the success of that work. Richard Mroz, a member of the FHLBNY’s Board and chair of its Housing Committee, spoke at a recent celebration event for the project, along with local officials and other funders.

AHP is a subsidy program in which funds are awarded through a competitive process to member lenders in support of projects that create and/or preserve housing for lower income families and individuals. For more information on the AHP program, or to see if the housing project you have in mind is eligible for AHP funding, contact us at (212) 441-6850 or ahp@fhlbny.com.