Federal Home Loan Bank of Atlanta to Award $3.6 Million for Housing in Alabama
Posted on: Wednesday, 28 January 2009, 11:29 CST
FHLBank Atlanta will award the funds as part of its 2008 Affordable
Housing Program (AHP) offering. Local community developers, in partnership
with FHLBank Atlanta member institutions, will use the funding to build or
repair 351 affordable housing units in
"AHP funding not only helps bring affordable housing to areas that have
the greatest need, but also provides an important economic boost to entire
communities," said
AHP is a competitive funding program that helps develop owner-occupied and rental housing for very low-, low-, and moderate-income families. FHLBank Atlanta awards the funds annually to member financial institutions and their community housing partners. AHP is a component of FHLBank Atlanta's affordable housing, economic development, and down-payment assistance initiatives. For the complete list of AHP winners, visit www.fhlbatl.com/ahp.
About FHLBank Atlanta
FHLBank Atlanta offers competitively-priced financing, community
development grants, and other banking services to help more than 1,200 member
financial institutions make affordable home mortgages and provide economic
development credit to neighborhoods and communities. The Bank's members-its
shareholders and customers-are commercial banks, credit unions, savings
institutions, thrift and loans, and insurance companies headquartered in
Some of the statements made in this press release may be "forward-looking statements," which include statements with respect to the Bank's beliefs, plans, objectives, goals, expectations, anticipations, assumptions, estimates, intentions, and future performance, and involve known and unknown risks, uncertainties and other factors, many of which may be beyond the Bank's control, and which may cause the Bank's actual results, performance or achievements to be materially different from future results, performance or achievements expressed or implied by the forward-looking statements.
The forward-looking statements may not be realized due to a variety of factors, including: future economic and market conditions; changes in demand for advances or consolidated obligation; changes in interest rates; legislative and regulatory changes; political, national and world events; and adverse developments or events affecting or involving other FHLBanks or the FHLBank System in general. Additional factors that might cause the Bank's results to differ from these forward-looking statements are contained in the Bank's annual and quarterly reports, available on the Bank's website at www.fhlbatl.com.
Alabama 2008 AHP Winners City/County Project Name Member Sponsor Award Total Units Birmingham Monterey Regions Bank Aletheia House $775,000 32 Butler Pinebrook Regions Bank West Alabama $413,156 53 Apartments Affordable Housing Corporation Dora Walker Regions Bank Paladin, Inc. $360,000 40 Terrace Geneva Alabama Colonial Alabama $400,000 40 County Habitat for Bank Association of Humanity - 1 Habitat Affiliates Greensboro Canterbury Regions Bank West Alabama $381,031 45 Apartments Affordable Housing Corporation Jackson Windsor Regions Bank West Alabama $314,754 45 Apartments Affordable Housing Corporation Jefferson Alabama Colonial Alabama $200,000 20 County Habitat for Bank Association of Humanity - Habitat Affiliates Jefferson and Dallas Selma Magnolia Regions Bank Paladin, Inc. $324,000 36 Senior Village Tallassee The Crossing Compass Bank National $390,000 40 at Westdale Affordable Housing Preservation AssociatesSOURCE Federal Home Loan Bank of
Source: PR Newswire
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