AHP

Federal Home Loan Bank of Atlanta Announces First Quarter 2024 Operating Highlights

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Giovedì, Aprile 25, 2024
Federal Home Loan Banks, AHP, Security (finance), Bank, Housing

ATLANTA, April 25, 2024 (GLOBE NEWSWIRE) -- Federal Home Loan Bank of Atlanta (the Bank) today released preliminary unaudited financial highlights for the quarter ended March 31, 2024.

Key Points: 
  • ATLANTA, April 25, 2024 (GLOBE NEWSWIRE) -- Federal Home Loan Bank of Atlanta (the Bank) today released preliminary unaudited financial highlights for the quarter ended March 31, 2024.
  • All numbers reported below for the first quarter of 2024 are approximate until the Bank announces unaudited financial results in its Form 10-Q, which is expected to be filed with the Securities and Exchange Commission (SEC) on or about May 10, 2024.
  • Average daily SOFR during the first quarter of 2024 was 5.31 percent compared to 4.50 percent for the same period in 2023.
  • As of March 31, 2024, the Bank was in compliance with all applicable regulatory capital and liquidity requirements.

Federal Home Loan Bank of Indianapolis Announces First Quarter 2024 Dividends, Reports Earnings

Retrieved on: 
Giovedì, Aprile 25, 2024
Federal Home Loan Banks, Sale, AHP, Insurance, Investment, Bank, Growth, Risk, Housing

Total assets, at March 31, 2024, were $71.4 billion, a net decrease of $5.2 billion, or 7%, from December 31, 2023, primarily due to decreases in investments.

Key Points: 
  • Total assets, at March 31, 2024, were $71.4 billion, a net decrease of $5.2 billion, or 7%, from December 31, 2023, primarily due to decreases in investments.
  • Advances outstanding, at March 31, 2024, at carrying value, totaled $35.3 billion, a net decrease of $265 million, or 1%, from December 31, 2023.
  • At March 31, 2024, long-term advances composed 74% of advances outstanding, while short-term advances composed 26%.
  • The Bank's regulatory capital-to-assets ratio8, at March 31, 2024, was 6.03%, which exceeds all applicable regulatory capital requirements.

Federal Home Loan Bank of Des Moines Announces First Quarter 2024 Financial Results, Declares Dividend

Retrieved on: 
Giovedì, Aprile 25, 2024
Investment, Capital, Housing, Federal Home Loan Banks, AHP, MBS, Government, Bank, Asset

The Federal Home Loan Bank of Des Moines (the Bank) expects to make dividend payments totaling $147 million on May 13, 2024.

Key Points: 
  • The Federal Home Loan Bank of Des Moines (the Bank) expects to make dividend payments totaling $147 million on May 13, 2024.
  • The Bank’s housing and community development programs are central to its mission by providing reliable liquidity and funding to help its members build strong communities.
  • Net Income - For the three months ended March 31, 2024, the Bank recorded net income of $274 million compared to $191 million for the same period in 2023.
  • The increase was driven primarily by higher short-term interest rates and average balances, which improved earnings on invested capital.

U.S. Rep. Horsford and FHLBank San Francisco Celebrate Grand Opening of Affordable Housing Project in Rural Nevada

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Mercoledì, Aprile 24, 2024
Pacific Premier Bancorp, NV-04, Telephone numbers in Hungary, Housing, Federal Home Loan Banks, Pacific Ocean, Air conditioning, AHP, Partnership, Member of Congress, Life, Congressional Black Caucus, Local government, Bank, ESG, NRHA, Renewable energy

Grant funding was awarded through a partnership with FHLBank San Francisco’s member institution, Pacific Premier Bank, and Nevada Rural Housing Authority, the mission-driven housing finance agency that developed Hafen Village Apartments.

Key Points: 
  • Grant funding was awarded through a partnership with FHLBank San Francisco’s member institution, Pacific Premier Bank, and Nevada Rural Housing Authority, the mission-driven housing finance agency that developed Hafen Village Apartments.
  • In the inaugural year of its AHP Nevada Targeted Fund, FHLBank San Francisco awarded $4.8 million to Nevada-based affordable housing groups to create or rehabilitate more than 260 affordable housing units.
  • In addition to the Nevada Targeted Fund, FHLBank San Francisco has allocated $850,000 to help the Nevada Housing Coalition build capacity for affordable housing development through enhanced training and technical assistance programs aimed at expanding housing options for Nevadans.
  • “Partnerships with FHLBank San Francisco and Nevada Rural Housing Authority are integral to our Bank’s commitment to addressing daily challenges within our communities.”
    Hafen Village, managed by Blue Bird Property LLC, joins Nevada Rural Housing Authority’s portfolio of 13 affordable housing communities located throughout the rural and frontier parts of the state.

Federal Home Loan Bank of Atlanta Announces $55 Million Available Through 2024 Affordable Housing Program General Fund

Retrieved on: 
Martedì, Aprile 16, 2024
Accounting, Housing, Federal Home Loan Banks, AHP, Partnership, Acquisition, Rehabilitation

ATLANTA, April 16, 2024 (GLOBE NEWSWIRE) -- Federal Home Loan Bank of Atlanta (FHLBank Atlanta) announced today that it will accept applications for its 2024 Affordable Housing Program (AHP) General Fund round starting June 27, 2024, through July 29, 2024.

Key Points: 
  • ATLANTA, April 16, 2024 (GLOBE NEWSWIRE) -- Federal Home Loan Bank of Atlanta (FHLBank Atlanta) announced today that it will accept applications for its 2024 Affordable Housing Program (AHP) General Fund round starting June 27, 2024, through July 29, 2024.
  • FHLBank Atlanta is making a record amount available since the program’s inception in 1990 – approximately $55 million – and applicants may apply for up to $1 million in grant funding per project to support the acquisition, construction, or rehabilitation of multifamily and single-family housing.
  • “Each year, the General Fund provides an opportunity for financial institutions to work with for-profit and nonprofit developers and community partners to improve access to affordable housing,” said FHLBank Atlanta President and CEO Kirk Malmberg.
  • “In 2024 alone, FHLBank Atlanta will disburse more than $100 million in grants for affordable housing and community development, and more than half of that is through our AHP General Fund,” said FHLBank Atlanta Senior Vice President and Director of Community Investment Services Tomeka Strickland.

Federal Home Loan Bank of Dallas Releases 2023 Affordable Housing Advisory Council Annual Report

Retrieved on: 
Martedì, Aprile 30, 2024
Construction & Property, Finance, Banking, Professional Services, Consumer, Other Construction & Property, Other Consumer, Residential Building & Real Estate, Advisory Council, Small business, FHLB, Housing, Federal Home Loan Banks, Annual report, AHP, AHAC, DRA, Rehabilitation, Bank

The Federal Home Loan Bank of Dallas (FHLB Dallas), a $125.1 billion cooperatively owned wholesale bank in Irving, Texas, is pleased to announce the release of its highly anticipated 2023 Affordable Housing Advisory Council (AHAC) Annual Report.

Key Points: 
  • The Federal Home Loan Bank of Dallas (FHLB Dallas), a $125.1 billion cooperatively owned wholesale bank in Irving, Texas, is pleased to announce the release of its highly anticipated 2023 Affordable Housing Advisory Council (AHAC) Annual Report.
  • This comprehensive report highlights FHLB Dallas' commitment to financing the affordable housing and community investment initiatives of member financial institutions in its five-state region.
  • “We are proud to present our 2023 Affordable Housing Advisory Council Annual Report, which reflects our unwavering dedication to building stronger, more economically vibrant communities,” said Greg Hettrick, senior vice president and director of Community Investment at FHLB Dallas.
  • The 2023 AHAC Report showcases FHLB Dallas’ ongoing efforts to address critical housing and economic investment needs, while delivering tangible results.

Federal Home Loan Bank of Dallas Commits Nearly $100 Million to Four Key Affordable Housing Initiatives

Retrieved on: 
Martedì, Aprile 30, 2024
People with Disabilities, Construction & Property, Finance, Banking, Professional Services, Philanthropy, Fund Raising, Consumer, Foundation, Residential Building & Real Estate, SNAP, CRA, FHLB, HELP, Housing, Disability, Federal Home Loan Banks, AHP, Federal Emergency Management Agency, DRA, Rehabilitation, FEMA, Real estate

The Federal Home Loan Bank of Dallas (FHLB Dallas) has made available $99.4 million in grants this year through its Affordable Housing Program (AHP) and AHP homeownership programs.

Key Points: 
  • The Federal Home Loan Bank of Dallas (FHLB Dallas) has made available $99.4 million in grants this year through its Affordable Housing Program (AHP) and AHP homeownership programs.
  • View the $100 Million in AHP video to see the impact of the programs.
  • “Our nation has a critical shortage of affordable housing options,” said FHLB Dallas President and CEO Sanjay Bhasin.
  • “The HELP program sponsored by FHLB Dallas has been tremendous in helping Red River Bank create affordable housing in all of our markets,” said Senior Vice President Jannease Seastrunk, community relations & CRA officer at Red River Bank.

FHLBank Pittsburgh Announces First Quarter 2024 Operating Highlights

Retrieved on: 
Giovedì, Aprile 25, 2024
Professional Services, Residential Building & Real Estate, Insurance, Finance, Construction & Property, Banking, Federal Home Loan Banks, AHP, Federal Reserve, Letter, MBS, Growth, Bank

The Federal Home Loan Bank of Pittsburgh (FHLBank) announced today unaudited financial results for the first quarter of 2024.

Key Points: 
  • The Federal Home Loan Bank of Pittsburgh (FHLBank) announced today unaudited financial results for the first quarter of 2024.
  • Interest income was $1,539.1 million for the first quarter of 2024, compared to $1,239.0 million in the same prior-year period.
  • Interest expense was $1,343.4 million for the first quarter of 2024, compared to $1,081.6 million in the same prior-year period.
  • Detailed financial information regarding first quarter 2024 results will be available in FHLBank's Quarterly Report on Form 10-Q, which FHLBank anticipates filing no later than May 13, 2024.

FHLBank Chicago Announces Q1 2024 Financial Highlights

Retrieved on: 
Lunedì, Aprile 22, 2024
Commercial Building & Real Estate, Personal Finance, Construction & Property, Finance, Banking, Small Business, Professional Services, Residential Building & Real Estate, Small business, Accounting, Investment, Housing, Federal Home Loan Banks, AHP, Security (finance), Statement, Condition, Form, Acquisition, Economic development, Community

The Federal Home Loan Bank of Chicago (FHLBank Chicago) today announced its preliminary and unaudited financial results for the first quarter of 2024.

Key Points: 
  • The Federal Home Loan Bank of Chicago (FHLBank Chicago) today announced its preliminary and unaudited financial results for the first quarter of 2024.
  • As of the first quarter, FHLBank Chicago has committed over $110 million to affordable housing and community development initiatives for 2024.
  • “Coming off of the market events during the past year, FHLBank Chicago reached new heights in supporting our member financial institutions and the communities they serve,” said Michael Ericson, president and chief executive officer of FHLBank Chicago.
  • FHLBank Chicago has committed more than $25 million to these programs in 2024 to target affordable housing development, access to financial education and funding for small businesses.

The Housing Authority of the City of Alameda celebrates the start of construction at North Housing

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Mercoledì, Aprile 24, 2024
Estuary, Investment, City, Homelessness, Business, Naval air station, Case management, Voucher, Federal Home Loan Banks, General contractor, AHA, Veterans' affairs, IIG, Veteran, Housing, AHP, HUD, Bank, HCD, Community development, TCAC, California Department, Bank of America, MHP, Consumer service, HOME

ALAMEDA, Calif., April 24, 2024 /PRNewswire/ -- To celebrate the start of construction of the North Housing Master Plan, the Housing Authority of the City of Alameda (AHA) and its affiliate Island City Development is hosting a start of construction celebration event on April 24th (from 3pm to 5pm) at 2000 Lakehurst Circle in Alameda.

Key Points: 
  • ALAMEDA, Calif., April 24, 2024 /PRNewswire/ -- To celebrate the start of construction of the North Housing Master Plan, the Housing Authority of the City of Alameda (AHA) and its affiliate Island City Development is hosting a start of construction celebration event on April 24th (from 3pm to 5pm) at 2000 Lakehurst Circle in Alameda.
  • The North Housing Master Plan is a multi-year commitment for AHA, along with Island City Development, to create 586 homes to serve low-income Alamedans in need of affordable housing.
  • Island City Development ( www.islandcitydevelopment.org ), an affiliate of AHA, is the developer of this project and the Housing Authority of the City of Alameda owns the land.
  • Funders to the project include the City of Alameda (HOME, Community Block Development Grant, Permanent Local Housing Allocation, and Inclusionary Housing funds), US.