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FHLBank Atlanta Community Partners Product

Federal Home Loan Bank of Atlanta (through participating member financial institutions) · District of Columbia

Last verified
See what you qualify forOfficial program site →
Assistance

$20,000

The maximum the program publishes — not an offer

Income limit

80% AMI

Of area median income; varies by county and household size

Repayment

Grant

Not repaid

What is FHLBank Atlanta Community Partners Product?

FHLBank Atlanta Community Partners Product is a grant for homebuyers in District of Columbia, administered by Federal Home Loan Bank of Atlanta (through participating member financial institutions).

  • The FHLBank Atlanta Community Partners Product, funded through FHLBank Atlanta's Affordable Housing Program (AHP) Homeownership Set-aside, provides up to $20,000 in down payment and closing cost assistance to community-service workers and military-connected homebuyers. FHLBank Atlanta's district includes Washington, D.C. Both first-time and non-first-time homebuyers may be eligible.
  • Up to $20,000 in down payment and closing cost assistance for eligible community-service and military-connected homebuyers (first-time or repeat).
  • Funding comes from FHLBank Atlanta Affordable Housing Program (AHP) Homeownership Set-aside.

How much assistance does it provide?

FHLBank Atlanta Community Partners Product offers up to $20,000 in assistance.

  • Amounts are the program's published maximums, not an offer — Federal Home Loan Bank of Atlanta (through participating member financial institutions) determines any individual award.

Do you have to pay it back?

FHLBank Atlanta Community Partners Product is structured as a grant, so it is not repaid.

  • Repayment is triggered by 5-year retention period secured by note/security instrument; repayment (typically pro-rated) may be triggered by sale, transfer, or refinance during the retention period.
  • Forgiveness and repayment terms are set by the program and can change — confirm them on the official program page before applying.

Who qualifies?

FHLBank Atlanta Community Partners Product is open to buyers who will live in the home as their primary residence.

The program requires

  • The home is occupied as a primary residence
  • A completed homebuyer education course
  • Eligibility limited to defined groups: current or retired law enforcement officers, educators, health care workers, firefighters and other first responders; and veterans or active-duty U.S. military members or their surviving spouse. Both first-time and non-first-time homebuyers may be eligible. Per FHLBank Atlanta set-aside rules, homebuyer must contribute a minimum (typically $1,000), income must generally be at or below the greater of 80% of county AMI or state median family income, homebuyer counseling from a designated provider is required, and funds carry a 5-year retention period secured by a note/security instrument (pro-rated repayment may apply on early sale/refinance). Must apply through an FHLBank Atlanta member financial institution; first-come, first-served subject to annual funding. Confirm exact income, contribution, counseling, and retention terms for the current product cycle with the member lender.

The program excludes

  • Households above 80% of area median income

These are the program's own published rules, not a decision about any individual — the administering agency and a lender determine who actually qualifies.

What are the income limits?

FHLBank Atlanta Community Partners Product limits household income to 80% of the area median income, which varies by county and household size.

  • Per FHLBank Atlanta Homeownership Set-aside rules, income generally must be at or below the greater of 80% of county AMI or the state median family income (HUD, adjusted for family size). Confirm current-cycle limit with member lender.
  • Area median income figures are published by HUD and updated annually, so check the current table for the county before relying on a number.

Is there eligibility for specific groups?

FHLBank Atlanta Community Partners Product names veterans, active-duty service members, surviving spouses, educators, law enforcement officers, firefighters, and healthcare workers among the groups it serves.

  • Being named here means the program mentions the group, not that membership alone qualifies an applicant — the rest of the eligibility rules still apply.

Where does it apply?

FHLBank Atlanta Community Partners Product serves buyers purchasing anywhere in District of Columbia.

How do you apply?

Applications for FHLBank Atlanta Community Partners Product go through Federal Home Loan Bank of Atlanta (through participating member financial institutions), which publishes the current terms and the application steps on its own site.

  1. Take a homebuyer education course

    Required by the program before funds are reserved.

  2. Contact Federal Home Loan Bank of Atlanta (through participating member financial institutions) to reserve funds

    Funds are reserved with the provider and are subject to availability.

  3. Work with a lender who handles the program

    Hey Prescott is not a lender and does not accept applications; this page describes the program so a buyer can take it to a lender or housing counselor.

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