ATLANTA-Sixty affordable housing projects in the Southeast will be getting good news in the next 30 days when the Federal Home Loan Bank of Atlanta awards a total $14.4 million in grants ranging from $10,000 to $500,000. The grants are given out twice a year.

Georgia will be receiving $2.3 million to cover the development cost of 650 units. “The Affordable Housing Program is one of the most important financial resources in the country for developing affordable housing,” says Raymond Christman, FHLBank Atlanta president and CEO. “Demand for the funds continues to outstrip capacity, though we are excited about the innovative ways developers and lenders are leveraging AHP grants to address a range of critical affordable housing needs.”

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