Contact: Meredith Moses
Federal Home Loan Bank of Atlanta
e-mail: mmoses@fhlbatl.com
404-888-8145 (office)

ATLANTA, January 8, 2014 - Federal Home Loan Bank of Atlanta (FHLBank Atlanta) announced today that the application deadline for its 2014 Affordable Housing Program (AHP) Competitive Round is February 13, 2014.

FHLBank Atlanta's AHP Competitive funds can be used to help finance the acquisition, construction, rehabilitation, and development of affordable rental and ownership housing. Up to $500,000 will be awarded per project to FHLBank Atlanta's member financial institutions and their community housing partners through a competitive application process.

Potential applicants should work with an FHLBank Atlanta member financial institution to complete the AHP Competitive application. A list of member financial institutions is available on the FHLBank Atlanta website at www.fhlbatl.com. Nonprofit and for-profit developers should review the AHP Implementation Plan (available on the Bank's website) for updates to application guidelines and requirements.

For more information, call the Bank's Community Investment Services Department at 1.800.536.9650 option 3, option 1, option 3.

About the Affordable Housing Program AHP is a competitive funding program that helps develop both owner-occupied and rental housing for very low-, low-, and moderate-income families. FHLBank Atlanta awards the funds annually to member financial institutions and their community housing partners. AHP is a component of FHLBank Atlanta's affordable housing, economic development, and down-payment assistance initiatives 

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 12 district banks in the Federal Home Loan Bank System, which since 1990 has contributed more than $4.8 billion to the Affordable Housing Program.

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