Florida Gets Biggest Grant at $6.2M from Federal Home

Federal Home Loan Bank of Atlanta will award more than $23 million in grants to 12 states, including Florida, and the District of Columbia to fund single-family and multi-family housing projects. Florida will get the biggest grant at $6.2 million for 693 units. Raymond Christman, president and CEO of Federal Home Loan Bank of Atlanta, said that the money will benefit a variety of population segments, including the elderly, first-time home buyers and residents with special needs.

The bank is one 12 district banks in a federal system that provides low-cost financing, community development grants and other financial services to about 1,200 financial institutions in an area that includes seven states and the District of Columbia.

By M. Sese
Real Estate News

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