Community-based organizations partner with FHLBA member banks to win the competitive grants, which are awarded twice a year under the federal affordable housing program.
The grant-winning partnerships and the cities in which they will develop housing for low-income homebuyers and renters.
First Union Bank and Cooperative Resources Center, Inc., Atlanta, $200,000; Wachovia Bank and Progressive Redevelopment, Inc., Atlanta, $400,000; Wachovia Bank and Community Housing Resources Center, Atlanta, $240,000; SunTrust Bank, Atlanta and Habitat for Humanity in Atlanta, Inc., Atlanta, $500,000.
Also: Georgia Bank and Trust Co. of Augusta and Augusta/CSRA Habitat for Humanity, Augusta, $280,000; First Union Bank and Cooperative Resources Center, Inc., Baldwin, $500,000; Regions Bank and Community Action & Community Development Agency, N. Alabama, Bremen, $189,000.
Also: Merchants and Farmers Bank and Family Housing and Land Services, Inc., Donalsonville, $250,000; First Union Bank and Cooperative Resources Center, Inc., Griffin, $155,000; BB&T of North Carolina and Rural Outreach Center, Lexington, $300,000.
Also: First Union Bank and Housing Development Corporation of Macon County, Oglethorpe, $240,000; BB&T of North Carolina and Housing Development Corporation of Macon County, Reynolds, $240,000; and BB&T of North Carolina and Better Neighborhood Housing Corporation, Valdosta, $500,000.
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