FHLBank Atlanta grants $2.8M for Georgia affordable housing
- According to Phil Hudson – Atlanta Business Chronicle:
Federal Home Loan Bank of Atlanta granted $24.5 million for affordable housing projects across the Southeast, including $2.8 million for 507 units in Georgia.
FHLBank Atlanta’s Affordable Housing Program (AHP) awards range from $28,200 to $500,000 per project.
The projects represent more than $450 million in total housing development. For every $1 dollar in AHP funding, another $18 dollars of development was leveraged under the FHLBank Atlanta 2014 AHP, the bank said.
AHP is a component of FHLBank Atlanta’s affordable housing, economic development and down-payment assistance initiatives.
Phil W. Hudson is a finance, banking and general assignment reporter.
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