FHLBank Pittsburgh Provides $ 22.8 Million in Grants to Affordable Housing Program | Nation / World

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PITTSBURGH – (BUSINESS WIRE) – Dec. 16 2021–

The FHLBank Pittsburgh Board of Directors has approved $ 22.8 million in grants for FHLBank’s Affordable Housing Program (AHP). The grants will help fund 35 housing projects, creating more than 600 housing units for very low, low and moderate income individuals and families, as well as people with special needs.

The 24 rental projects and 11 homeownership projects approved for funding will serve a wide variety of beneficiaries, including the chronically homeless, people with physical and mental disabilities, veterans and the elderly.

“Today, through our partnership with our members, we were able to award $ 22.8 million in AHP grants,” said Winthrop Watson, President and CEO of FHLBank Pittsburgh. “This funding will help communities in Delaware, Pennsylvania and West Virginia create affordable housing for more than 600 local families.

Local organizations have partnered with 18 member institutions to support the 35 projects receiving AHP funding. A full list of AHP grants awarded today can be found at www.fhlb-pgh.com/ahp.

About FHLBank Pittsburgh

FHLBank Pittsburgh provides reliable financing and liquidity to its member financial institutions, which include commercial and savings banks, community development financial institutions, credit unions, and insurance companies in Delaware, Pennsylvania, and Virginia. -Western. FHLBank’s products and resources help support community lending, housing, and economic development. As one of 11 federal mortgage lending banks established by Congress, FHLBank has been an integral and reliable part of the financial system since 1932. To learn more, visit www.fhlb-pgh.com.

View source version on businesswire.com:https://www.businesswire.com/news/home/20211216006017/en/

Eric M. Slomer, FHLBank Pittsburgh, 412-288-7694, eric.slomer @ fhlb-pgh.com

KEYWORD: UNITED STATES NORTH AMERICA DELAWARE WEST VIRGINIA PENNSYLVANIA

INDUSTRY KEYWORD: WOMEN OTHERS PHILANTHROPY SENIORS OTHERS DEFENSE MEN FAMILY CONSUMER OTHERS CONSTRUCTION & RESIDENTIAL REAL ESTATE BUILDING & COMMERCIAL REAL ESTATE BUILDING & REAL ESTATE DEFENSE CONSTRUCTION & REAL ESTATE OTHER PROFESSIONAL SERVICES BANKING CHILDRENANCE FINANCE

SOURCE: FHLBank Pittsburgh

Copyright Business Wire 2021.

PUB: 12/16/2021 13:57 / DISC: 12/16/2021 13:57

http://www.businesswire.com/news/home/20211216006017/en

Copyright Business Wire 2021.

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