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Archive for the month “June, 2014”

Affordable housing for Atlanta!

FHLBank Atlanta grants $2.8M for Georgia affordable housing

 
Federal Home Loan Bank of Atlanta 304

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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.

“The availability of affordable housingcontinues to be a challenge across the Southeast,” said Robert Dozier, FHLBank Atlanta’s chief business officer, in a statement.

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.

Tom Sheeran

Keller Williams Realty

TSheeran@kw.com

 

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It’s all about the South!

Homes.com has combed through the data and come up with the “Top Cities for New Grads:

 

#1: Atlanta

Hot-lanta! The average entry-level salary is $43,000, which Homes.com says is 21 percent above the national average. And while it’s still not as high as those in Boston or Washington, D.C., living in Atlanta costs only half as much. The median rent for a one-bedroom apartment is $800. There are plenty of good, well-paying jobs in the Georgia capital, as Atlanta “holds the third-largest concentration of Fortune 500 companies” that include Coca-Cola, The Home Depot, Delta Airlines and UPS. And the city also provides young grads with opportunities to continue their educational endeavors, with 19 nearby colleges and universities. Peachy!

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