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Wednesday

Jun

01

FHLBank Atlanta Announces Commencement of 2022 AHP General Fund Round Up to $750,000 per Affordable Housing Project

CONTACT: 
Peter E. Garuccio
Federal Home Loan Bank of Atlanta 
pgaruccio@fhlbatl.com 
404.888.8143

  

Federal Home Loan Bank of Atlanta Announces
Commencement of 2022 AHP General Fund Round

Up to $750,000 per Affordable Housing Project

 

ATLANTA, June 1, 2022 — Federal Home Loan Bank of Atlanta (FHLBank Atlanta) announced today that it is now accepting applications for its 2022 Affordable Housing Program (AHP) General Fund round. FHLBank Atlanta member financial institutions and their community partners can receive up to $750,000 for individual projects through a competitive application process. The deadline for submitting applications is 11:59 p.m. ET on July 1, 2022.

FHLBank Atlanta members work with for-profit and nonprofit developers to apply for funding through the program. Funds can be used to help finance the acquisition, construction, or rehabilitation of multifamily housing or single-family housing, and for either rental or ownership units. The AHP General Fund is one of the largest sources of private funding for affordable housing in the country, delivering the residential real estate equity needed for successful affordable housing and offering a unique way for member financial institutions to achieve business development and community lending goals, facilitate residential development, and expand their customer base.

Developers need to work with an FHLBank Atlanta member financial institution to complete the AHP General Fund application. Nonprofit, for-profit, and local government sponsors and developers should review the AHP Implementation Plan for application guidelines and requirements.

Interested parties that need assistance in identifying an FHLBank Atlanta member financial institution to work with can use the Find a Member page available on the Bank’s website, or contact an FHLBank Atlanta Community Investment Services team member:

 

Maxima Sims
Homeownership Portfolio Manager
404.888.8325
msims@fhlbatl.com

Joel Brockmann
Senior Multifamily Portfolio Analyst
404.888.8156
jbrockmann@fhlbatl.com

 

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 $7 billion in Affordable Housing Program funds, assisting more than 990,000 households.

For more information, visit our website at www.fhlbatl.com. 

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