AHP

FHLBank Pittsburgh Awards $24.6 Million in Affordable Housing Program Grants and $8 Million in Voluntary Housing Grant Initiative Funding

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Giovedì, Dicembre 14, 2023
Other Philanthropy, Construction & Property, Finance, Banking, Professional Services, Philanthropy, Foundation, Residential Building & Real Estate, Survivor, Disability studies, Domestic violence, Local, AHP, Homelessness, Housing, Nursing

The Board of Directors of FHLBank Pittsburgh (FHLBank) has approved $24.6 million in awarded grants under the Affordable Housing Program (AHP) and $8 million in awarded grants through a voluntary housing grant initiative.

Key Points: 
  • The Board of Directors of FHLBank Pittsburgh (FHLBank) has approved $24.6 million in awarded grants under the Affordable Housing Program (AHP) and $8 million in awarded grants through a voluntary housing grant initiative.
  • A complete list of the AHP and voluntary housing grant initiative awards can be found at www.fhlb-pgh.com/ahp .
  • Year over year, FHLBank has given more than the statutorily required amount of 10% of net earnings to affordable housing.
  • This voluntary amount reflects not only member input, but also a sustainable, meaningful annual contribution to district-wide affordable housing projects.

Media Advisory: FHLB Dallas and Catalyst Bank Celebrate the Opening of Refinery Mission Transitional Housing Facility

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Mercoledì, Dicembre 13, 2023
Banking, Men, Professional Services, Philanthropy, People with Disabilities, Consumer, Mental Health, Residential Building & Real Estate, Social Services, Construction & Property, Finance, Other Philanthropy, Health, Bed, Federal Home Loan Banks, Disability studies, AHP, Housing, Coal, Video game

Representatives from the Federal Home Loan Bank of Dallas (FHLB Dallas) and Catalyst Bank will be joined by local dignitaries in Opelousas Friday as they celebrate the opening of the Refinery Mission Transitional Housing Facility, funded in part by a $750,000 subsidy from the Affordable Housing Program (AHP).

Key Points: 
  • Representatives from the Federal Home Loan Bank of Dallas (FHLB Dallas) and Catalyst Bank will be joined by local dignitaries in Opelousas Friday as they celebrate the opening of the Refinery Mission Transitional Housing Facility, funded in part by a $750,000 subsidy from the Affordable Housing Program (AHP).
  • The $750,000 helped with the construction of the 10,000-square-foot building with 54 available beds.
  • The housing is designed for men in recovery and who have other struggles, such as mental and physical disabilities and illnesses.
  • The media is encouraged to attend the event.

Federal Home Loan Bank of Des Moines Awards More Than $46 Million in Affordable Housing Grants to Benefit 60 Projects

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Lunedì, Dicembre 11, 2023
Women, Seniors, Other Philanthropy, Men, Urban Planning, Family, Finance, Environmental, Social and Governance (ESG), Banking, Fund Raising, Consumer, Foundation, Professional Services, Residential Building & Real Estate, Philanthropy, Construction & Property, DEI (Diversity, Equity and Inclusion), People with Disabilities, Federal Home Loan Banks, Alaska Natives, FHLB, Disability, Insurance, AHP, Rehabilitation, Person, Housing, Economic development, Bank

The Federal Home Loan Bank of Des Moines (FHLB Des Moines) is pleased to announce the recipients of its 2023 Competitive Affordable Housing Program (AHP) awards.

Key Points: 
  • The Federal Home Loan Bank of Des Moines (FHLB Des Moines) is pleased to announce the recipients of its 2023 Competitive Affordable Housing Program (AHP) awards.
  • Through a collaborative effort between 43 FHLB Des Moines member financial institutions and local housing organizations, more than $46 million will be awarded to 60 affordable housing projects impacting over 2,300 families and individuals.
  • Nine of the 60 AHP projects are Native Housing Projects impacting Native American and Alaska Native households.
  • FHLB Des Moines is one of 11 regional Banks that make up the Federal Home Loan Bank System.

Affordable Housing Grants Strengthen Communities with Over $33 Million Awarded from Federal Home Loan Bank of Chicago

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Lunedì, Dicembre 4, 2023
Banking, Professional Services, Philanthropy, People with Disabilities, Consumer, Socially Responsible Investing, Other Construction & Property, Social Services, Residential Building & Real Estate, Construction & Property, Urban Planning, Other Philanthropy, Accounting, Acquisition, Organization, Disability, Multimedia, AHP, Small business, Federal Home Loan Banks, Public housing, Rehabilitation, Down payment, Veteran, Senior advisor, Partnership, Housing, Real estate development, Renewable energy, Health insurance

The Federal Home Loan Bank of Chicago (FHLBank Chicago) today announced that it has awarded more than $33 million to help finance 44 housing projects and developments across Illinois and Wisconsin through its Affordable Housing Program (AHP) General Fund.

Key Points: 
  • The Federal Home Loan Bank of Chicago (FHLBank Chicago) today announced that it has awarded more than $33 million to help finance 44 housing projects and developments across Illinois and Wisconsin through its Affordable Housing Program (AHP) General Fund.
  • These factors further compound the already critical need for affordable housing support in both rural and urban communities across our District,” said Michael Ericson, President and CEO, FHLBank Chicago.
  • In 2023, several of the awarded affordable housing projects will provide much needed housing and services for low- and moderate-income communities for seniors, those with disabilities, tribal communities and veterans.
  • Additionally, FHLBank Chicago will double the maximum per-project subsidy to $2 million in 2024 to increase financial impact for future affordable housing projects and developments.

Texas Capital and FHLB Dallas Celebrate the Opening of Senior Living Apartment Homes Helped by $750K in Funding

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Venerdì, Novembre 17, 2023
Professional Services, Residential Building & Real Estate, Commercial Building & Real Estate, Finance, Construction & Property, Banking, Capital Bank, Recreation, FHLB, Multimedia, Investment, AHP, Federal Home Loan Banks, Texas Capital Bank, Health, Rehabilitation, Housing, Mitchell–Lama Housing Program, COVID, CRA, Interior design

Local real estate developers, community partners and residents celebrated the grand opening of Cowan Place Senior Living (Cowan Place).

Key Points: 
  • Local real estate developers, community partners and residents celebrated the grand opening of Cowan Place Senior Living (Cowan Place).
  • It was built with the assistance of a $750,000 Affordable Housing Program (AHP) subsidy provided by the Federal Home Loan Bank of Dallas (FHLB Dallas) through one of its members, Texas Capital Bank (Texas Capital) in the Stop Six neighborhood of Fort Worth, Texas.
  • View the full release here: https://www.businesswire.com/news/home/20231117702197/en/
    Alex Fitzgerald and Melanie Dill of FHLB Dallas, Worley Barker and Michelle George of Texas Capital Bank and Mary-Margaret Lemons of Fort Worth Housing Solutions celebrate the opening of Cowan Place Senior Living in Fort Worth, Texas.
  • “We could not have finished this project without the money provided by the Federal Home Loan Bank of Dallas and Texas Capital as a partner.

The Covent Ribbon-Cutting Celebrated the Opening of 30 Newly Rehabbed Affordable Apartments

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Martedì, Novembre 28, 2023
General contractor, Accounting, CHA, Bank, Organization, Architect, SRO, AHP, FHA, Public housing, Homelessness, HUD, LIHTC, Partnership, Housing, NHP, Merchant capitalism, Disability, Chicago Housing Authority, Nightclub, Covent Hotel

NEW YORK, Nov. 28, 2023 /PRNewswire-PRWeb/ -- The NHP Foundation (NHPF) yesterday celebrated the re-opening of the Covent Apartments, 30 affordable studio apartments developed from the Covent Hotel, an SRO in the Lincoln Park neighborhood of Chicago in a Ribbon-Cutting ceremony.

Key Points: 
  • NEW YORK, Nov. 28, 2023 /PRNewswire-PRWeb/ -- The NHP Foundation (NHPF) yesterday celebrated the re-opening of the Covent Apartments, 30 affordable studio apartments developed from the Covent Hotel, an SRO in the Lincoln Park neighborhood of Chicago in a Ribbon-Cutting ceremony.
  • The project also received a $698,910 Affordable Housing Program ("AHP") General Fund grant from FHLBank Chicago.
  • The Covent Apartments follows the development of NHPF's first SRO deal in Chicago, the Mark Twain which provides 148 service-enriched affordable apartments.
  • In addition to the 30 apartments, the Covent features onsite laundry facilities, a community room and an outdoor space.

American Council of Learned Societies to Celebrate Completion of Its African Humanities Program at Inaugural African Humanities Association Conference

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Giovedì, Novembre 16, 2023
Regional assemblies, Social science, Research, Social change, General assembly, Learned society, Organization, University of Cape Town, AHA, American Council, Multimedia, Mentorship, Culture, AHP, Assembly, African Academy of Sciences, Conference, University of Ghana, Social justice, University, Communication, Disney International Programs, ACLS, Social, Manuscript, Knowledge, Publication, Pharmaceutical industry, Management, Hunting, Humanities

NEW YORK, Nov. 16, 2023 /PRNewswire/ -- The American Council of Learned Societies (ACLS) is pleased to announce the completion of its celebrated fellowship initiative, the African Humanities Program. ACLS will join past fellows and advisors of the program in celebrating the success of the program at the inaugural conference of the African Humanities Association on November 26-29, 2023, at the University of Cape Town in South Africa.

Key Points: 
  • The program provided program fellows with opportunities for residencies at African centers for advanced study, manuscript development workshops, and professional development and mentoring.
  • In addition, the program's African Humanities Series has published 23 books by AHP fellows to date, circulating African humanities research to the international scholarly community.
  • "We are excited to join the African Humanities Association for their inaugural conference in South Africa, which will gather and celebrate a dynamic community of scholars.
  • The African Humanities Association (AHA) was established by the adoption of its constitution at an African Humanities Program (AHP) Regional Assembly in Abuja in February 2020.

FHLBank Atlanta Announces $4 Million in Additional Funds to Support Homeownership

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Martedì, Novembre 7, 2023
Federal Home Loan Banks, Senior counsel, Veteran, Federal Emergency Management Agency, Rehabilitation, AHP, Firefighter, Closing costs, Bank

ATLANTA, Nov. 07, 2023 (GLOBE NEWSWIRE) -- Federal Home Loan Bank of Atlanta (FHLBank Atlanta) announced today that it is making an additional voluntary $4 million in Affordable Housing Program (AHP) Homeownership Set-aside funding available through its members.

Key Points: 
  • ATLANTA, Nov. 07, 2023 (GLOBE NEWSWIRE) -- Federal Home Loan Bank of Atlanta (FHLBank Atlanta) announced today that it is making an additional voluntary $4 million in Affordable Housing Program (AHP) Homeownership Set-aside funding available through its members.
  • Eligible borrowers can apply for up to $15,000 to help them purchase or rehabilitate a home.
  • The additional funding will be available beginning November 8, 2023, through FHLBank Atlanta’s First-time Homebuyer Product, Community Partners Product, and Community Rebuild and Restore Product.
  • “This additional funding can help make the dream of homeownership a reality for more than 300 eligible borrowers.”
    Funding for the AHP Homeownership Set-aside Program is available only through FHLBank Atlanta member financial institutions, and funds are available on a transaction by transaction, first-come, first-served basis.

Congresswoman Susie Lee Joins the Federal Home Loan Bank of San Francisco To Address Affordable Housing Crisis in Nevada

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Martedì, Ottobre 31, 2023
Capacity building, Attention, Bank, Housing, NHC, Federal Home Loan Banks, Environment, Partnership, AHP, Casino, Renewable energy

LAS VEGAS, Oct. 31, 2023 (GLOBE NEWSWIRE) -- In a significant effort to address and solve the pressing issue of housing affordability in Nevada, Congresswoman Susie Lee (NV-03) convened with the Federal Home Loan Bank of San Francisco (FHLBank San Francisco) for a roundtable discussion today in Las Vegas, Nevada.

Key Points: 
  • LAS VEGAS, Oct. 31, 2023 (GLOBE NEWSWIRE) -- In a significant effort to address and solve the pressing issue of housing affordability in Nevada, Congresswoman Susie Lee (NV-03) convened with the Federal Home Loan Bank of San Francisco (FHLBank San Francisco) for a roundtable discussion today in Las Vegas, Nevada.
  • “At the Nevada Housing Coalition, we understand that affordable housing is not just a cornerstone of strong communities, but a fundamental human right,” said Maurice Page, Executive Director of the Nevada Housing Coalition.
  • Furthermore, the development of more affordable housing in Nevada is a critical component of addressing the state’s housing affordability crisis.
  • The grants will be distributed to six qualified projects to create or revitalize over 260 units of affordable housing throughout Nevada.

Cadence Bank and FHLB Dallas Celebrate Opening of Affordable Apartments at Renewal Ranch

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Venerdì, Novembre 3, 2023
Banking, Professional Services, Business, Finance, NYSE, Federal Home Loan Banks, Cadence Bank, Federal Home Loan Bank Board, Ranch, CADE, Neighbourly (community investment platform), Multimedia, Rehabilitation, AHP, FHLB, Renewable energy

Representatives from Cadence Bank (NYSE: CADE) and the Federal Home Loan Bank of Dallas (FHLB Dallas) were joined by local dignitaries as they celebrated the opening and dedication of two new residential buildings on the Renewal Ranch campus in Houston, Arkansas.

Key Points: 
  • Representatives from Cadence Bank (NYSE: CADE) and the Federal Home Loan Bank of Dallas (FHLB Dallas) were joined by local dignitaries as they celebrated the opening and dedication of two new residential buildings on the Renewal Ranch campus in Houston, Arkansas.
  • FHLB Dallas provided a $750,000 Affordable Housing Program (AHP) subsidy via its member Cadence Bank to assist with gap funding.
  • “The generosity of donors like Cadence Bank and FHLB Dallas allows us to provide vulnerable men with a high-quality rehabilitation program at no cost,” said James Loy, executive director of Renewal Ranch.
  • “We would like to thank FHLB Dallas for committing to causes that deeply matter to our communities,” said Tom Nelson, community bank president for Cadence Bank.