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Home arrow News arrow Florida Gets Biggest Grant at $6.2M from Federal Home

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Florida Gets Biggest Grant at $6.2M from Federal Home
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Friday, 28 July 2006

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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
http://realestatepress.org

 
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