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Federal Home Loan Bank of Atlanta Announces New Advisory Council Members and Chairman and Vice Chairs

Glaze, Wheat, Williams, and Bowen to Join Council; Cooke and Howard elected Chairman and Vice Chair

ATLANTA, December 21, 2012 – Federal Home Loan Bank of Atlanta (FHLBank Atlanta) announced today that it has appointed four new members and elected a new chairman and vice chair to its Affordable Housing Advisory Council. Council members will serve three-year terms that begin January 1, 2013.

New members:

Grayson M. Glaze is the executive director of the Alabama Center for Real Estate (ACRE), a trusted resource for Alabama real estate research, education, and outreach. Mr. Glaze holds a bachelor's degree in finance with a concentration in real estate research, from the University of Alabama. He also holds a juris doctor from the Birmingham School of Law. In 2012, Mr. Glaze served as the president of the Alabama chapter of the Institute of Real Estate Management. He also served the organization nationally as chair of the Student and Academic Outreach Advisory Board in 2010. In 2008, he earned the professional designations of Certified Property Manager and Certified Investment Member from the Institute of Real Estate Management. In 2005, Mr. Glaze began teaching as an adjunct professor at the University of Alabama. Currently, he instructs the University's Principles in Real Estate Management course. Also in 2005, Mr. Glaze was recognized as one of the "Top 40 under 40" professionals by the Birmingham Business Journal. Prior to joining the University of Alabama, Mr. Glaze was employed by Atlanta-based Carter Real Estate.

Timothy P. Wheat serves as regional vice president at Pinnacle Housing Group LLC. He joined Pinnacle in 2002 and has overseen successful developments across Florida. Mr. Wheat's career has been dedicated to the development and preservation of affordable housing. He has overseen the acquisition, development, financing, and management of nearly 4,000 multifamily, affordable, and market-rate housing units in Florida and throughout the United States. Mr. Wheat began his career as a housing planner in Palm Beach County government, moved to the nonprofit sector, and then transitioned to private, for-profit development. He serves as chairman of the Universal Design Committee for the statewide Coalition of Affordable Housing Providers, and is a founding member of the board of directors of the Community Land Trust of Palm Beach County, Inc. Mr. Wheat is a board member for the Broward Housing Partnership and a past board member of the Housing Leadership Council of Palm Beach County. Mr. Wheat is a Phi Beta Kappa graduate of Fordham University.

Valarie M. Williams has served as executive director of the South Carolina State Housing Finance and Development Authority (SCSHFDA) since December 2007. As executive director of SCSHFDA, Ms. Williams has overseen one of the oldest statewide housing trust funds in the nation. The South Carolina Housing Trust Fund continues to be a major funding vehicle for both affordable housing production and preservation throughout the state. Ms. Williams has been involved with the implementation of the federal HOME program since its inception in 1992. She has also overseen the Low-Income Housing Tax Credit Program and currently administers the Section 8 Housing Choice Voucher Program for several counties in the state. Recently, Ms. Williams organized a South Carolina Homeownership and Employment Lending program that provides mortgage relief to families in crisis. Prior to joining SCSHFDA, Ms. Williams was an administrator in the South Carolina Governor's Office of Economic Opportunity. Ms. Williams holds a master's degree in business from Webster University and a bachelor's degree in economics from the University of South Carolina.

Arthur N. Bowen III is managing director of Program Administration for the Virginia Housing Development Authority (VHDA), one of the largest housing finance agencies in the country, with assets of approximately $10 billion. Mr. Bowen oversees the VHDA's multifamily functions including, Originations, Asset Management, and Program Compliance. Prior to this position, he was the managing director of Finance and Administration for the VHDA. In that role, Mr. Bowen directed and managed VHDA's Financial and Administrative Services department. Prior to joining VHDA, Mr. Bowen was the Deputy Secretary of Transportation where he developed, analyzed, and implemented statewide transportation policy along with coordinating the Operations functions of several state transportation agencies. Prior to his service in the Virginia Governor's Office, Mr. Bowen managed the day-to-day activities of the Virginia Department of the Treasury as the deputy state treasurer. Mr. Bowen is a past president of the Virginia Executive Institute Alumni Association, and he is treasurer of the Richmond Region Energy Alliance. He is a graduate of the National Institute of Public Finance, and has been a member of the Government Finance Officers Association's standing committee on debt and fiscal policy. In 2010, Mr. Bowen received the Excellence in Virginia Government Unsung Heroes Award for his management of the VHDA's Financial Services department. Mr. Bowen is a graduate of the University of North Carolina at Chapel Hill.

2013 Chairman:

Robert B. Cooke currently serves as executive director of Southwest Georgia United Empowerment Zone, Inc., a Community Development Financial Institution serving rural Southwest Georgia. Mr. Cooke has worked in housing and community development for more than 20 years. He founded the Cordele YouthBuild program, Communities Empowering People Together, Inc., and helped found the Rural Community Improvement Corporation, Inc. He holds an MBA from the University of Alabama at Birmingham. Mr. Cooke has completed the Certified Public Accountants examination and holds a certification in tax credit project management.

2013 Vice Chair:

Priscilla L. Howard serves as president of Community Solutions Group in Tallahassee, Florida, which specializes in assisting clients in all areas of affordable housing, including finance, and related local, state, and federal policy issues and capacity building. Ms. Howard is one of the financial advisors for the Jacksonville Housing Finance Authority and community representative for the City of Tallahassee Affordable Housing Advisory Board. Ms. Howard has 26 years of experience in housing and community development. Previously, she was chief development officer of the Florida Housing Finance Corporation. Ms. Howard earned a bachelor's degree in business administration and a master's degree in urban and regional planning from Florida State University.

About the Affordable Housing Advisory Council
FHLBank Atlanta's Affordable Housing Advisory Council comprises fifteen representatives from a diverse group of community and nonprofit organizations actively involved in providing or promoting low- and moderate-income housing and community lending within the FHLBank Atlanta district. The Advisory Council provides advice to FHLBank Atlanta's Board of Directors regarding ways in which the Bank can enhance the effectiveness of its housing finance and community lending mission.

About FHLBank 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 headquartered in Alabama, Florida, Georgia, Maryland, North Carolina, South Carolina, Virginia, and the District of Columbia. FHLBank Atlanta is one of 12 district banks in the Federal Home Loan Bank System which since 1990 has contributed more than $4.6 billion to the Affordable Housing Program.

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