AHP

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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星期三, 五月 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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星期三, 五月 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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星期三, 五月 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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星期二, 五月 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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星期一, 五月 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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星期四, 四月 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.

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

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星期四, 四月 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

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星期四, 四月 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

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星期四, 四月 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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星期三, 四月 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.