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Affordable Housing

Affordable Housing Program

FHLBank Atlanta is committed to helping the communities of our member financial institutions grow and prosper. We offer a variety of homeownership and rental products as well as services to help connect our members to business drivers in their markets, including real estate professionals, developers, local governments, Housing Finance Agencies, and nonprofit organizations. 

Each year, we set aside 10 percent of our annual net income to invest back into our members' communities through our Affordable Housing Program (AHP). These resources help members to provide critical funding for affordable housing development throughout the communities they serve.

In addition, our community investment advances offer reduced rate funding that also provides critical support for affordable housing and local economic development. 

By delivering funding resources for affordable housing in their community, members are also stimulating their local economy. For every $1 million dollars invested in AHP, $14.3 million of housing is constructed or rehabilitated and 158 jobs are created*. That means new potential customers and increased goodwill for member institutions and a thriving community.

*Beyond Units: Economic Benefits of Federal Home Loan Bank of Atlanta's Affordable Housing Program. The Hendrickson Company and The Schimberg Center for Housing Studies, University of Florida.

Current Products

Affordable Housing Program Competitive - Rental and Ownership

The AHP Competitive is a flexible source of funding designed to help member institutions and their community partners develop affordable owner-occupied and rental housing for very low- to moderate-income families and individuals. Affordable Housing developers and other organizations partner with our member institutions to seek competitive subsidy funding or low-cost loans. Learn more about the AHP Competitive. 

First-time Homebuyer Product

With FHLBank Atlanta's First-time Homebuyer Product (FHP), members can expand their reach into the first-time homebuyer market, originate new mortgages, and help their customers close. First-time homebuyers can use these matching funds to help cover closing costs and down payments. Since 1997, the AHP Set-aside Program has helped more than 18,000 families purchase homes.

Community Partners Product

Members can grow their customer base and mortgage originations while supporting those vital members of the community who help others for a living. Community Partners provides home purchase assistance to law enforcement officers, educators, health care workers, and firefighters. Both first-time homebuyers and non-first-time homebuyers may be eligible.

Foreclosure Recovery Product

Members can advance the disposition of their REO properties and create new lending opportunities with the Foreclosure Recovery Product. Down-payment, closing-cost, and rehabilitation funding is available for the purchase or purchase and rehabilitation of an existing home from the REO inventory of any FHLBank Atlanta member institution. Funding is available to first-time homebuyers and non-first-time homebuyers. 

Structured Partnership Product

The Structured Partnership Product helps connect members with local governments, Housing Finance Agencies, and other business drivers in their community and provides funds for eligible home purchases and rehabilitations.

Veterans and Returning Veterans Purchase Products

The Veterans and Returning Veterans Purchase Products help members better serve and support military families and households in their communities. These products provide funding for purchase or purchase and rehabilitation of a home by veterans and members of any branch of the U.S. military, or their surviving spouses.

Veterans and Returning Veterans Rehabilitation Products

The Veterans and Returning Veterans Rehabilitation Products provide funding for energy efficient and accessibility improvements to a home owned by veterans or active-duty members of any branch of the U.S. military, or their surviving spouses.