Federal Home Loan Bank of Atlanta to Award More Than $9.2 Million for Affordable Housing in Florida
Posted on: Wednesday, 4 February 2009, 10:54 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 666 affordable housing units in
"AHP funding not only helps create affordable housing, but also employment
and community development opportunities," 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.
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 UnionSOURCE Federal Home Loan Bank of
Source: PR Newswire
Related Articles
- Verizon Awards $60,000 Grant to the Florida Center for Instructional Technology to Train Teachers to Use Innovative, Free Online Resources at Thinkfinity.org
- Rep. Dennis Cardoza Joins FHLBank San Francisco Executives for Habitat for Humanity Build Day at Hope Village in Modesto
- Federal Home Loan Bank of Atlanta Celebrates Completion of Fifth Technology Habitat for Humanity House
- Coalition for Green Bank Congratulates House Energy and Commerce Committee on Moving Comprehensive Climate and Energy Bill Forward
- Bishops Urge House to Reject Bill Destroying Human Embryos, Support More Promising, Ethical Stem Cell Research
- Schools Try Bonus Plan: $15,000 Housing Aid Touted to Lure Teachers
- Contracts to Supply Natural Gas to 757,000 Houses
- Chiquita Brands International Won't Move Headquarters to Atlanta, South Florida
- Bush Banking on His Base in Florida
- House Passes Ban on All Human Cloning
 |
 |
User Comments (0)
RSS Feeds