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.
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.
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
2016 AHP Set-aside - Veterans Products