northatlhomes

The answer to your Real estate needs!

Affordable housing for Atlanta!

FHLBank Atlanta grants $2.8M for Georgia affordable housing

 
Federal Home Loan Bank of Atlanta 304

Enlarge Photo
 

 

 

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

 

Advertisements

Single Post Navigation

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out /  Change )

Google+ photo

You are commenting using your Google+ account. Log Out /  Change )

Twitter picture

You are commenting using your Twitter account. Log Out /  Change )

Facebook photo

You are commenting using your Facebook account. Log Out /  Change )

Connecting to %s

%d bloggers like this: