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Voluntary Products

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Voluntary Products

In addition to our annual Affordable Housing Programs, FHLBank Atlanta provides our members with other community development opportunities that support housing and benefit low- to moderate-income families and underserved communities. The programs and funding may change yearly based on the Bank’s district needs, but always serves our overall mission to support housing. Below are a few current and recent program offerings. 

NEW: Workforce Housing Plus+ Program

FHLBank Atlanta is proud to announce an additional $10 million in funding has been made available through our new Workforce Housing Plus+ Program to support affordable housing. This program provides prospective homebuyers with incomes between 80.01 to 120 percent of area median income up to $15,000 each to put towards the purchase of a home. Members can apply for up to $500,000 in 2024. 

Funds will be distributed on a first come, first served basis with applications becoming available June 3, 2024. 

To get started, please submit the below documents and apply online through FHLBAsap. 

To learn more about the program, view our webinar recording or call us at 1.800.536.9650, option 3. 
 

Multifamily Housing Bridge Fund

In November 2023, the Bank announced  a new Multifamily Housing Bridge Fund that provided $8 million in grant funding to help close gaps for affordable multifamily rental housing projects caused by the steep rise in interest rates and construction costs. The fund offered up to $500,000 per project to member financial institutions and their community housing partners on initiatives that were at least 50 percent complete at the time of application. 

Announced in February 2024, 28 projects received funding as part of the voluntary program and created 2,357 new affordable housing units within seven states and Washington D.C. Projects who received funding included a mix of multifamily and mixed-use rental housing, each targeting households earning up to 120 percent of the area median income. 

Heirs’ Property

Heirs’ property is a pervasive issue that disproportionately affects those in racial and ethnic minority, low-wealth, rural, and distressed urban communities, creating barriers to homeownership and generational wealth. The scale of this issue is too large for any one entity to address on its own, but it provides an opportunity to partner with other institutions and organizations to develop a solution.

How We’ve Helped

In December 2021, FHLBank Atlanta hosted the Heirs’ Property Prevention and Resolution Funders’ Forum. This one-day event was designed to facilitate connection between nonprofits and other organizations that presented pilot initiatives and targeted solutions to potential funders for the purpose of addressing and preventing the issue of heirs’ property.

In 2022, we committed $1 million in funding to organizations who participated in the event by submitting an initiative. 


If you have questions about the Bank’s voluntary programs, please contact Community Investment Services at 1.800.536.9650, option 3. 

 

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1.800.536.9650