Federal Home Loan Bank of Atlanta to Award More Than $9.2 Million for Affordable Housing in Florida
Atlanta) announced today that it will award more than
affordable housing developments in
4,514 units of affordable housing.
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 666 affordable housing units in
Johns
“AHP funding not only helps create affordable housing, but also employment
and community development opportunities,” said
president and director of Community Investment Services, FHLBank Atlanta.
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
and the
the Federal Home Loan Bank System which since 1990 has contributed more than
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.
Florida 2008 AHP Winners
City/County Project Name Member Sponsor Award Total
Units
Avon Park North SunTrust Avon Park Housing $650,000 40
Central Bank Development
Heights Corporation
Belle Glade Abidjan Riverside We Help Community $1,000,000 37
Estates National Development
Phase 1 Bank of Corporation
Florida
Crystal Nature Walk Nature Florida Low $168,000 28
River Coast Bank Income Housing
Associates, Inc.
Escambia, Project 2008 Bank of Pensacola Habitat $236,502 22
Santa Rosa Pensacola for Humanity,
Counties Inc.
Escambia, West Florida Gulf Coast West Florida $575,000 50
Santa Rosa, Regional Community Regional Planning
Okaloosa, Planning Bank Council
Walton Council
Counties Affordable
Housing
Rehab
Program
Fellsmere Grace RBC Bank Indian River $112,000 16
Meadows II County Habitat
for Humanity
Immokalee Liberty Orion Bank Habitat for $350,000 50
Landing 2 Humanity of
Collier County,
Inc.
Indiantown Heritage Seacoast Indiantown Non $500,000 42
Park SF National Profit Housing,
Bank Inc.
Jacksonville Haywood BB&T Habitat for $320,000 32
Estates Company Humanity of the
Jacksonville
Beaches, Inc.
Jacksonville Youth Crisis EverBank Youth Crisis $1,000,000 50
Center SRO Center, Inc.
Leesburg Park Place Riverside City of Leesburg $500,000 56
National Housing and
Bank of Economic
Florida Development
Naples Trail Ridge 3 Orion Bank Habitat for $175,000 25
Humanity of
Collier County,
Inc.
Okeechobee Okeechobee RBC Bank Affordable $500,000 34
Commons Housing Solutions
for Florida, Inc.
Okeechobee Okeechobee Riverside Okeechobee Non $250,000 6
First Time National Profit Housing,
Homebuyers Bank of Inc.
Florida
Orlando Staghorn RBC Bank Habitat for $725,000 58
Villas Humanity of
Greater Orlando
Area, Inc.
St. Johns County Wide BB&T Habitat for $410,000 41
County Phase 2 Company Humanity - St.
John's County
Wauchula Hannah House Wauchula Alpha and Omega $680,000 17
State Bank Freedom
Ministries, Inc.
Wimauma Hidden Creek Suncoast Florida Home $600,000 60
@ Westlake II Schools Partnership, Inc.
Federal
Credit
Union
SOURCE Federal Home Loan Bank of