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Affordable-Housing Grants Awards Go to DC, Virginia, Maryland Projects

WASHINGTON, DC-Federal Home Loan Bank of Atlanta awards million-dollar grants to Washington, DC and area community groups for the rehabilitation of about 1,000 affordable income units. The grants are part of a special FHLBA program that will award $18.6 million to refurbish 3,600 units for very low- to moderate-income families in a number of states.

By Barbra Murray | Updated on October 30, 2001

WASHINGTON, DC-The nation’s capital and surrounding areas in Virginia and Maryland win three affordable housing grants, each at about $1 million or more, from the Federal Home Loan Bank of Atlanta. The money comes from the bank’s Affordable Housing Program and will provide very low-income to moderate-income housing units for nearly 1,000 families.

In Washington, DC FHLBA awards four local community partnerships a sum of $925,000 to develop more than 300 housing units that will accommodate an array of incomes: very low-income, low-income and moderate income. The awards, which range from $100,000 to $300,000 each, will be used to convert seven local apartment structures into the 77-unit Overlook Condominium at Washington View, and to rehabilitate the 182-unit Douglas Knoll apartment community. Also, some of the funding will go to rehabilitating 36 units to permanently house Safe Haven Outreach Ministry substance abuse graduates, and to salvage 13 units for homeless families.

In Virginia, eight different housing partnerships will share $1.8 million to finance 419 lower-income housing units. Those units are spread through the cities of Galax, Harrisonburg, Portsmouth, Pulaski, Richmond, Roanoke and Smithfield. Each of the grants ranges from $24,500 to $365,000.

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