ATLANTA Feb. 4
ATLANTA, Feb. 4 /PRNewswire/ -- Federal Home Loan Bank of Atlanta (FHLBank Atlanta) announced today that it will award more than $9.2 million to fund 18 affordable housing developments in Florida. The funding is part of more than $43 million FHLBank Atlanta will award in ten states to create or preserve 4,514 units of affordable housing.
FHLBank Atlanta will award the funds as part of its 2008 Affordable Housing Program (AHP) offering. Local community developers, in partnership with FHLBank Atlanta member institutions, will use the funding to build or repair 666 affordable housing units in Escambia, Okaloosa, Santa Rosa, St. Johns, and Walton counties, as well as the cities of Avon Park, Belle Glade, Crystal River, Fellsmere, Immokalee, Indiantown, Jacksonville, Leesburg, Naples, Okeechobee, Orlando, Wauchula, and Wimauma.
"AHP funding not only helps create affordable housing, but also employment and community development opportunities," said Arthur Fleming, first vice president and director of Community Investment Services, FHLBank Atlanta.
AHP is a competitive funding program that helps develop 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. For the complete list of AHP winners, visit http://www.fhlbatl.com/ahp .
About FHLBank Atlanta
FHLBank Atlanta offers competitively-priced financing, community development grants, and other banking services to help more than 1,200 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, thrift and loans, 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 $3 billion to the Affordable Housing Program.
Some of the statements made in this press release may be "forward-looking statements," which include statements with respect to the Bank's beliefs, plans, objectives, goals, expectations, anticipations, assumptions, estimates, intentions, and future performance, and involve known and unknown risks, uncertainties and other factors, many of which may be beyond the Bank's control, and which may cause the Bank's actual results, performance or achievements to be materially different from future results, performance or achievements expressed or implied by the forward-looking statements.
The forward-looking statements may not be realized due to a variety of factors, including: future economic and market conditions; changes in demand for advances or consolidated obligation; changes in interest rates; legislative and regulatory changes; political, national and world events; and adverse developments or events affecting or involving other FHLBanks or the FHLBank System in general. Additional factors that might cause the Bank's results to differ from these forward-looking statements are contained in the Bank's annual and quarterly reports, available on the Bank's website at http://www.fhlbatl.com/ .
| Florida 2008 AHP Winners |
|
| City/County Project Name Member Sponsor Award Total |
| Units |
|
| Avon Park North SunTrust Avon Park Housing $650,000 40 |
| Central Bank Development |
| Heights Corporation |
|
| Belle Glade Abidjan Riverside We Help Community $1,000,000 37 |
| Estates National Development |
| Phase 1 Bank of Corporation |
| Florida |
|
| Crystal Nature Walk Nature Florida Low $168,000 28 |
| River Coast Bank Income Housing |
| Associates, Inc. |
|
| Escambia, Project 2008 Bank of Pensacola Habitat $236,502 22 |
| Santa Rosa Pensacola for Humanity, |
| Counties Inc. |
|
| Escambia, West Florida Gulf Coast West Florida $575,000 50 |
| Santa Rosa, Regional Community Regional Planning |
| Okaloosa, Planning Bank Council |
| Walton Council |
| Counties Affordable |
| Housing |
| Rehab |
| Program |
|
| Fellsmere Grace RBC Bank Indian River $112,000 16 |
| Meadows II County Habitat |
| for Humanity |
|
| Immokalee Liberty Orion Bank Habitat for $350,000 50 |
| Landing 2 Humanity of |
| Collier County, |
| Inc. |
|
| Indiantown Heritage Seacoast Indiantown Non $500,000 42 |
| Park SF National Profit Housing, |
| Bank Inc. |
|
| Jacksonville Haywood BB&T Habitat for $320,000 32 |
| Estates Company Humanity of the |
| Jacksonville |
| Beaches, Inc. |
|
| Jacksonville Youth Crisis EverBank Youth Crisis $1,000,000 50 |
| Center SRO Center, Inc. |
|
| Leesburg Park Place Riverside City of Leesburg $500,000 56 |
| National Housing and |
| Bank of Economic |
| Florida Development |
|
| Naples Trail Ridge 3 Orion Bank Habitat for $175,000 25 |
| Humanity of |
| Collier County, |
| Inc. |
|
| Okeechobee Okeechobee RBC Bank Affordable $500,000 34 |
| Commons Housing Solutions |
| for Florida, Inc. |
|
| Okeechobee Okeechobee Riverside Okeechobee Non $250,000 6 |
| First Time National Profit Housing, |
| Homebuyers Bank of Inc. |
| Florida |
|
| Orlando Staghorn RBC Bank Habitat for $725,000 58 |
| Villas Humanity of |
| Greater Orlando |
| Area, Inc. |
|
| St. Johns County Wide BB&T Habitat for $410,000 41 |
| County Phase 2 Company Humanity - St. |
| John's County |
|
| Wauchula Hannah House Wauchula Alpha and Omega $680,000 17 |
| State Bank Freedom |
| Ministries, Inc. |
|
| Wimauma Hidden Creek Suncoast Florida Home $600,000 60 |
| @ Westlake II Schools Partnership, Inc. |
| Federal |
| Credit |
| Union |
CONTACT: Sharon Cook of Federal Home Loan Bank of Atlanta,
+1-404-888-8173, scook@fhlbatl.com
Web site: http://www.fhlbatl.com/
http://www.fhlbatl.com/ahp
Company News On-Call: http://www.prnewswire.com/comp/149931.html
SOURCE Federal Home Loan Bank of Atlanta
http://www.prnewswire.com
Copyright 2009 PR Newswire Association LLC. All Rights Reserved.
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