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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.

The Maryland communities of Baltimore and Prince Frederick receive approximately $1 million, some of which will go to building an 80-unit structure for senior citizens, and to rehabilitate a 58-unit senior and low-income facility. The remaining funds will be used to renovate 30 low-income single family homes, and 28 very low-income rental townhouses. FHLBA gifts to the Maryland-based groups range from $150,000 to more than $330,000.

The aforementioned awards are part of FHLBA’s $18.6 million grant package designed to create or refurbish 3,600 affordable housing units in 11 states and Washington, DC. In a statement on the recently awarded grants, FHLBA Vice President of Community Investment Services Bob Warwick says his company “recognizes the unique challenge developers face in finding non-restrictive financing to develop homes for low- and moderate-income individuals.” He adds that FHLBA’s Affordable Housing Program was developed “to address this issue and to encourage more community partnerships between financial institutions and nonprofit developers.”

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