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Federal Home Loan Bank of Atlanta Awards $18.6M in AHP Grants to D.C. Developments

Friday, August 3, 2001 - 1:45AM

In its ongoing effort to increase the nation's supply of affordable housing, the Federal Home Loan Bank of Atlanta recently announced $18.6 million in Affordable Housing Program (AHP) grants to develop rental and owner-occupied housing for thousands of low- and moderate-income families in 11 states and the District of Columbia. The awards will create or rehabilitate 3,594 affordable-housing units in Alabama ($976,000 for 210 units), Florida ($4.2 million for 783 units), Georgia ($3.2 million for 516 units), Louisiana ($155,000 for 25 units), Maryland ($1million for 196 units), North Carolina ($3.9 million for 742 units), Pennsylvania ($265,000 for 45 units), South Carolina ($588,000 for 90 units), Tennessee ($1 million for 182 units), Texas ($530,000 for 83 units), Virginia ($1.8 million for 419 units), and the District of Columbia ($925,000 for 303 units).

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