Chief Marketing Officer
Assistant Director of Corporate Communications
Peter E. Garuccio
Federal Home Loan Bank of Atlanta
Federal Home Loan Bank of Atlanta Announces
2018 Funding for Homeowners
Up to $15,000 per Homeowner Available
Through Southeastern Financial Institutions
ATLANTA, January 16, 2018 – Federal Home Loan Bank of Atlanta (FHLBank Atlanta) announced today that funding for its 2018 Homeowner Assistance Products is now available. The Homeowner Assistance Products are part of FHLBank Atlanta’s Affordable Housing Program (AHP), and every year the Bank devotes AHP funds to Homeowner Assistance Products, which are designed to help eligible borrowers purchase or rehabilitate their home.
Since 1997, Homeowner Assistance Products have provided more than $191 million in grant funding that has enabled more than 28,000 households to purchase or rehabilitate a home. In 2017 alone, FHLBank Atlanta member financial institutions delivered $15.2 million in home purchase and rehabilitation grant funding leveraging more than $323 million in first mortgage financing to assist 2,298 households.
A summary of 2018 Homeowner Assistance Products is below. To learn more click here:
A listing of member financial institutions is available on the FHLBank Atlanta website at www.fhlbatl.com.
If you need assistance finding a member financial institution to work with, or for more information, call the Bank’s Community Investment Services department at 1.800.536.9650, option 3, option 0.
About the Federal Home Loan Bank of Atlanta
FHLBank Atlanta offers competitively-priced financing, community development grants, and other banking services to help member financial institutions make affordable home mortgages and provide economic development credit to neighborhoods and communities. The Bank's members – its shareholders and customers – are commercial banks, credit unions, savings institutions, community development financial institutions, and insurance companies located in Alabama, Florida, Georgia, Maryland, North Carolina, South Carolina, Virginia, and the District of Columbia. FHLBank Atlanta is one of 11 district banks in the Federal Home Loan Bank System. Since 1990, the FHLBanks have awarded approximately $5.4 billion in AHP funds, assisting more than 827,000 households.