AHP

Federal Home Loan Bank of San Francisco Leads Two Roundtable Discussions with Rep. Pete Aguilar and Rep. Greg Stanton to Address Affordable Housing Crisis

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пятница, мая 31, 2024
Partnership, Health, American Dream, Work, SAN, Bank, Housing, Senior counsel, House, AHP, Federal Home Loan Banks, Renewable energy

SAN FRANCISCO, May 31, 2024 (GLOBE NEWSWIRE) -- As part of its ongoing, mission-driven effort to address the pressing issue of housing affordability, the Federal Home Loan Bank of San Francisco (FHLBank San Francisco) led two separate roundtable discussions in California and Arizona this week.

Key Points: 
  • SAN FRANCISCO, May 31, 2024 (GLOBE NEWSWIRE) -- As part of its ongoing, mission-driven effort to address the pressing issue of housing affordability, the Federal Home Loan Bank of San Francisco (FHLBank San Francisco) led two separate roundtable discussions in California and Arizona this week.
  • On Wednesday, May 29, U.S. Representative and Chair of the House Democratic Caucus Pete Aguilar (D-33) convened a high-level discussion group of relevant players to brainstorm innovations in affordable housing and to identify appropriate resources.
  • Since 1990, the Bank has awarded $1.3 billion in AHP grants to construct, preserve, or purchase over 150,000 units of quality rental and owner-occupied affordable housing.
  • “By funding affordable housing in Arizona, California, and Nevada, FHLBank San Francisco seeks to help communities thrive with the creation of much needed secure, decent, and affordable housing,” said Teresa Bryce Bazemore, president and chief executive officer of the Federal Home Loan Bank of San Francisco.

Federal Home Loan Bank of Atlanta Commits Additional $10 Million for Affordable Housing

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вторник, мая 28, 2024
Partnership, Housing, Workforce housing, AMI, Acquisition, Rehabilitation, AHP, Federal Home Loan Banks, Management

ATLANTA, May 28, 2024 (GLOBE NEWSWIRE) -- Federal Home Loan Bank of Atlanta (FHLBank Atlanta) is contributing $10 million to affordable housing through a new Workforce Housing Plus+ Program.

Key Points: 
  • ATLANTA, May 28, 2024 (GLOBE NEWSWIRE) -- Federal Home Loan Bank of Atlanta (FHLBank Atlanta) is contributing $10 million to affordable housing through a new Workforce Housing Plus+ Program.
  • “FHLBank Atlanta offers programs to address a range of affordable housing needs, and this year, we will contribute $100 million in grants through our members for affordable housing and community development,” said FHLBank Atlanta President and Chief Executive Officer Kirk Malmberg.
  • Additionally, in April FHLBank Atlanta announced that another $55 million will become available on June 27 through its annual AHP General Fund Program.
  • Member institutions may apply for up to $1 million in grant funding per project to support the acquisition, construction, or rehabilitation of affordable multifamily and single-family housing.

Statement by Ryan Donovan, President and CEO, Council of Federal Home Loan Banks on FHFA’s Request for Input on Mission of FHLBanks

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четверг, мая 16, 2024
Congress, AHP, Federal Home Loan Banks, FHFA, Housing, History, Council, Bank

WASHINGTON, May 16, 2024 (GLOBE NEWSWIRE) -- Ryan Donovan, President and Chief Executive Officer of the Council of Federal Home Loan Banks, the public voice of the Federal Home Loan Bank System (FHLBank System), today released the following statement in response to the publication of the Federal Housing Finance Agency’s Request for Input on the mission of the FHLBanks.

Key Points: 
  • WASHINGTON, May 16, 2024 (GLOBE NEWSWIRE) -- Ryan Donovan, President and Chief Executive Officer of the Council of Federal Home Loan Banks, the public voice of the Federal Home Loan Bank System (FHLBank System), today released the following statement in response to the publication of the Federal Housing Finance Agency’s Request for Input on the mission of the FHLBanks.
  • “Today, FHFA issued a request for input on the mission of the FHLBanks.
  • The FHLBanks have clearly met these mission objectives throughout their history and continue to fulfill them today.
  • Each FHLBank is either already making additional voluntary contributions or is in the process of increasing its voluntary contribution levels.

FHLB Cincinnati and Homeport Launch Rise Up Program with May 13 Event

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понедельник, мая 13, 2024
HUD, Education, Housing, Rise Up, AHP, FHLB, Federal Home Loan Banks, Real estate

COLUMBUS, Ohio, May 13, 2024 /PRNewswire/ -- The Federal Home Loan Bank of Cincinnati (FHLB) and Homeport will celebrate the launch of the Rise Up program on May 13 at Homeport's offices in Columbus, Ohio. The Rise Up program, funded by $5 million from FHLB Cincinnati, will offer $25,000 grants to be used for down payment, closing costs or principal reduction assistance for households that qualify in Franklin County.

Key Points: 
  • $5 million in down payment assistance will be available for qualifying homeowners in Franklin County, Ohio
    COLUMBUS, Ohio, May 13, 2024 /PRNewswire/ -- The Federal Home Loan Bank of Cincinnati (FHLB) and Homeport will celebrate the launch of the Rise Up program on May 13 at Homeport's offices in Columbus, Ohio.
  • The Rise Up program, funded by $5 million from FHLB Cincinnati, will offer $25,000 grants to be used for down payment, closing costs or principal reduction assistance for households that qualify in Franklin County.
  • "Through the Rise Up downpayment assistance pilot program approved by the FHLB Cincinnati Board of Directors, 200 families in Franklin County will have the opportunity to become homeowners for the first time in their family's history.
  • "I applaud the FHLB Cincinnati for addressing the affordable housing crisis with the launch of the Rise Up homeownership grant program, and I am especially gratified that the pilot will be launched in Columbus," said Congresswoman Joyce Beatty (OH-03).

Federal Home Loan Bank of New York Has Made $120 Million in Affordable Housing and Community Development Support Available Through First Four Months of 2024

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среда, мая 8, 2024
Federal Home Loan Banks, Congress, Housing, AHP, HDP, AMI, Council, Real estate

On March 18, the FHLBNY opened the inaugural Homebuyer Dream Program Plus (“HDP Plus”) round with $10.3 million in available grants.

Key Points: 
  • On March 18, the FHLBNY opened the inaugural Homebuyer Dream Program Plus (“HDP Plus”) round with $10.3 million in available grants.
  • The FHLBNY made $10 million in interest rate credits available in the current ZDA Program round.
  • And on April 22, the FHLBNY opened the 2024 General Fund Round of its Affordable Housing Program (“AHP”) with a total of $70.8 million in grant funds available.
  • On May 7, the Council of Federal Home Loan Banks announced that the Federal Home Loan Banks expect to collectively contribute approximately $1 billion toward affordable housing and community development initiatives in 2024, firmly establishing the Federal Home Loan Bank System as one of the largest sources of private funding for affordable housing in the country.

CRISPR Therapeutics Provides Business Update and Reports First Quarter 2024 Financial Results

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среда, мая 8, 2024
Sickle cell disease, T1D, SHR, Cell, CRISPR, Partnership, CD19, CRISPR Therapeutics, Biomarker, Autoimmunity, SCD, LNP, Lupus, Kingdom, Porphobilinogen, ADC, Eye, ANGPTL3, RAAS, PBG, Therapy, Lymphoid leukemia, Vertex Pharmaceuticals, Type 1 diabetes, Pain, Cas9, AHP, Diabetes, Research, ALA, BP, CD70, AGT, Clinical trial, Government, G&A, TDT, Sale, CRSP, ALAS1, European, Disease, Patient, Liver, Gene, Society, Stem cell, Cardiovascular disease, SLE, Pharmaceutical industry

CASGEVY is the first therapy to emerge from a strategic partnership between CRISPR Therapeutics and Vertex Pharmaceuticals established in 2015.

Key Points: 
  • CASGEVY is the first therapy to emerge from a strategic partnership between CRISPR Therapeutics and Vertex Pharmaceuticals established in 2015.
  • CRISPR Therapeutics has two next-generation approaches with the potential to significantly expand the addressable population with SCD and TDT.
  • G&A Expenses: General and administrative expenses were $18.0 million for the first quarter of 2024, compared to $22.4 million for the first quarter of 2023.
  • Collaboration Expense: Collaboration expense, net, was $47.0 million for the first quarter of 2024, compared to $42.2 million for the first quarter of 2023.

CRISPR Therapeutics Highlights ASGCT Oral Presentation and Announces New Programs Utilizing In Vivo Gene Editing Approach

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среда, мая 8, 2024
Pain, CRSP, Patient, SHR, Cas9, Cell, CRISPR, ALAS1, LNP, AHP, Gene editing, Angiotensin, Paratriathlon, RNA, IOP, ALA, Disease, Porphobilinogen, Liver, CRISPR Therapeutics, Gene, Eye, Society, Trabecular meshwork, MYOC, RAAS, Cardiovascular disease, BP, AGT, Biomarker, PBG, Therapy, Glaucoma

In addition, CRISPR Therapeutics announced the expansion of its in vivo pipeline with two new programs.

Key Points: 
  • In addition, CRISPR Therapeutics announced the expansion of its in vivo pipeline with two new programs.
  • “The expansion of our in vivo pipeline speaks to the scalability of the platform and the exceptional translation capabilities of our team.
  • The addition of two more programs, CTX340 and CTX450, utilizing this LNP delivery technology demonstrates the modularity and scalability of the platform.
  • In today’s presentation, the Company presented data demonstrating efficient and specific delivery to TM cells in mouse, non-human primate, and ex vivo human eyes.

Federal Home Loan Banks Anticipate $1 Billion in Support for Affordable Housing and Community Development Initiatives in 2024

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вторник, мая 7, 2024
Federal Home Loan Banks, News, Safety, Housing, AHP, Council

WASHINGTON, May 07, 2024 (GLOBE NEWSWIRE) -- The Council of Federal Home Loan Banks, the public voice of the Federal Home Loan Bank System (FHLBank System), today announced that the FHLBank System expects to provide approximately $1 billion in support for affordable housing and community development initiatives this year.

Key Points: 
  • WASHINGTON, May 07, 2024 (GLOBE NEWSWIRE) -- The Council of Federal Home Loan Banks, the public voice of the Federal Home Loan Bank System (FHLBank System), today announced that the FHLBank System expects to provide approximately $1 billion in support for affordable housing and community development initiatives this year.
  • As part of their mission to provide liquidity and support affordable housing and community development, each FHLBank is required by law to contribute a minimum of 10% of income to its Affordable Housing Program (AHP).
  • Last year, the 11 FHLBanks voluntarily agreed to contribute a total of 15% of income to affordable housing and community development initiatives on a go forward basis.
  • Including expected voluntary contributions based on their 2023 financial results, the FHLBanks expect to provide approximately $1 billion in support for affordable housing and community development initiatives in 2024.

FHLBank Chicago Opens Applications for $49 Million Affordable Housing Program (AHP) with $2 Million Per Project Grant

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понедельник, мая 6, 2024
Construction & Property, Finance, Social Services, Banking, Professional Services, Urban Planning, Philanthropy, Foundation, Online, Accounting, Disability, Housing, Federal Home Loan Banks, Public housing, AHP, Wi-Fi, CIBC Bank USA, Employment, Senior, Acquisition, Multimedia, Rehabilitation

Applications for the Federal Home Loan Bank of Chicago’s (FHLBank Chicago) 2024 Affordable Housing Program (AHP) General Fund are now open.

Key Points: 
  • Applications for the Federal Home Loan Bank of Chicago’s (FHLBank Chicago) 2024 Affordable Housing Program (AHP) General Fund are now open.
  • The historic building completed renovation in 2022 with support from a grant through FHLBank Chicago’s Affordable Housing Program (AHP).
  • “FHLBank Chicago is taking an important step to double the maximum subsidy for AHP projects as affordable housing challenges persist,” said Katie Naftzger, Senior Vice President, Community Investment Officer, FHLBank Chicago.
  • In 2020, Mercy Housing Lakefront was awarded a $900,000 AHP grant through FHLBank Chicago member, CIBC Bank USA, to rehab the Carlton Apartments.

Federal Home Loan Bank of San Francisco Announces First Quarter 2024 Operating Results

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четверг, апреля 25, 2024
Investment, Housing, Federal Home Loan Banks, AHP, WISH, Partnership, Development, Bank, Access, Economic development, Philosophy, SAN

SAN FRANCISCO, April 25, 2024 (GLOBE NEWSWIRE) -- The Federal Home Loan Bank of San Francisco (Bank) today announced its unaudited first quarter 2024 operating results.

Key Points: 
  • SAN FRANCISCO, April 25, 2024 (GLOBE NEWSWIRE) -- The Federal Home Loan Bank of San Francisco (Bank) today announced its unaudited first quarter 2024 operating results.
  • “The Federal Home Loan Bank of San Francisco continues to be a critical engine of economic vitality across our three-state region,” said Teresa Bryce Bazemore, president and chief executive officer.
  • “In the first quarter of 2024, we remained an important provider of on-demand, low-cost liquidity to our member institutions, supporting community lending and economic health.
  • The quarterly dividend will total $66 million, and the Bank expects to pay the dividend on May 9, 2024.