2016 Product Highlights

Product development is an important part of FHLBank Atlanta’s commitment to meeting the affordable housing challenges of its communities. Over the last few years, the Bank has launched numerous new products to help shareholders reach valuable customer markets, address critical housing needs in their communities, and build successful partnerships with housing authorities and other organizations in their local markets. The following information highlights a few of these recent product initiatives.

Structured Partnerships

The Structured Partnership Product (SPP) is a unique arrangement where FHLBank Atlanta engages in a structured, short-term agreement with a local government or housing finance agency (HFA) to provide funds exclusively to FHLBank Atlanta shareholders and their customers. The SPP is designed to help shareholders achieve their lending business objectives and build stronger partnerships throughout their communities.

FHLBank Atlanta has partnered with the following organizations to offer eligible shareholders exclusive access to the SPP.

Program

Description

Funding

Strengthen Alabama Home Program (SAHP)

Assist income-eligible homeowners in Baldwin and Mobile counties in the rehabilitation of their existing homes. Eligible homeowners can receive up to $15,000.

SAHP is designed to help reduce or stabilize homeowner insurance premiums in the state of Alabama by instituting a home rehabilitation program designed to better position homes against possible wind damage through the provision of wind mitigation/rehabilitation funds.

  • 2016 maximum allocation: up to $1.0 million
  • Partner match: up to $2.0 million

Housing Floridians Program

Provides grant financing exclusively to FHLBank Atlanta shareholders and their customers. This unique partnership with 12 local Housing Authorities (HFAs) in Florida assisted income-eligible homeowners in Brevard, Clay, Duval, Hillsborough, Lake, Miami-Dade, Orange, Osceola, Pasco, Pinellas, Polk, and Seminole counties. Eligible homeowners can receive up to $22,500.

  • 2016 maximum allocation: up to $1.0 million
  • Partner match: up to $2.0 million
Atlanta Beltline, Inc. Provided grants available exclusively to FHLBank Atlanta shareholders and their customers to assist in the funding of home purchases along the Atlanta BeltLine.
  • 2016 maximum allocation: up to $1.0 million
  • Partner match: up to $2.0 million

New in 2016 – Community Rebuild and Restore Product

To assist shareholders' efforts to restore their communities in the aftermath of natural disaster events, FHLBank Atlanta launched the Community Rebuild and Restore Product as part of its AHP Set-aside products suite in 2016.

The product provides grant funds of up to $10,000 for rehabilitation of an existing owner-occupied home located in "Major Disaster Declaration" areas as designated by the Federal Emergency Management Agency.

2016 Veterans Products and Initiatives

FHLBank Atlanta is honored to support those who have sacrificed so much for our country. Our Veterans Products and Services enable our shareholder financial institutions to provide military veterans and their surviving spouses with down-payment assistance, home renovation funds, and financial literacy services, which help them achieve successful homeownership and lasting financial wellness. Through our veterans initiatives, shareholders have leveraged $66 million in AHP grants to support approximately $652 million in real estate development and 4,075 units of ownership and rental housing for veterans.

2016 AHP Competitive

  • 58 applications (38 percent of total) contained Veterans points, compared to 31 percent in 2015
  • 23 of the awarded projects (42 percent of awarded projects) contained Veterans points, compared to
    49 percent in 2015
  • $9,656,277 awarded for 396 units

2016 AHP Set-aside - Veterans Products

Products

# Unique Shareholders Participating

Units

AHP Funding

First Mortgages

Leverage

Veterans Rehabilitation

29

307

$3,799,671

- -

 

Returning Veterans Rehabilitation

24

138

$2,019,573

- -

 

Veterans Purchase 14

45

$332,200

$6,704,981

1:19

Returning Veterans Purchase 7

15

$149,925

$2,404,795

1:15

Total 47

505

$6,301,369

$9,109,776

 

 

 
 
 

© 2017 Federal Home Loan Bank of Atlanta, All Rights Reserved.
1475 Peachtree Street NE, Atlanta, GA 30309 www.fhlbatl.com