Maersk Vessel Successfully Transits Red Sea After Nearly Two Years Amid Ongoing Security Concerns 
Italy Fines Apple €98.6 Million Over App Store Dominance 
FDA Fast-Tracks Approval of Altria’s on! PLUS Nicotine Pouches Under New Pilot Program 
Niigata Set to Approve Restart of Japan’s Largest Nuclear Power Plant in Major Energy Shift 
Uber and Baidu Partner to Test Robotaxis in the UK, Marking a New Milestone for Autonomous Ride-Hailing 
Apple Opens iPhone to Alternative App Stores in Japan Under New Competition Law 
Nike Shares Slide as Margins Fall Again Amid China Slump and Costly Turnaround 
Trump Administration Reviews Nvidia H200 Chip Sales to China, Marking Major Shift in U.S. AI Export Policy 
Toyota to Sell U.S.-Made Camry, Highlander, and Tundra in Japan From 2026 to Ease Trade Tensions 
Volaris and Viva Agree to Merge, Creating Mexico’s Largest Low-Cost Airline Group 
JPMorgan’s Top Large-Cap Pharma Stocks to Watch in 2026 
Roche CEO Warns US Drug Price Deals Could Raise Costs of New Medicines in Switzerland 
AstraZeneca’s LATIFY Phase III Trial of Ceralasertib Misses Primary Endpoint in Lung Cancer Study 
Dina Powell McCormick Resigns From Meta Board After Eight Months, May Take Advisory Role 
U.S. Lawmakers Urge Pentagon to Blacklist More Chinese Tech Firms Over Military Ties 
7-Eleven CEO Joe DePinto to Retire After Two Decades at the Helm 
ATLANTA, Jan. 17, 2017 -- Federal Home Loan Bank of Atlanta (FHLBank Atlanta) announced today that funding for its 2017 Affordable Housing Program (AHP) Set-aside products is available for home purchase or home rehabilitation.
Since its inception, FHLBank Atlanta’s AHP Set-aside products have provided more than $176 million in grant funding that has enabled more than 25,800 households to purchase or rehabilitate a home. In 2016 alone, FHLBank Atlanta member financial institutions delivered $16.4 million in home purchase and rehabilitation grant funding leveraging more than $306 million in first mortgage financing to assist 2,377 households.
To learn more about the 2017 AHP Set-aside products suite click here, or see a summary listing below:
- First-time Homebuyer Product
The First-time Homebuyer Product provides up to $5,000 in down-payment, closing-cost, and principal reduction assistance for eligible first-time homebuyers. - Community Partners Product The Community Partners Product provides up to $7,500 in down-payment, closing-cost, and principal reduction assistance for first-time or non-first-time homebuyers who are currently employed or retired law enforcement officers, educators, firefighters, health care workers, and other first responders.
- Foreclosure Recovery Product
The Foreclosure Recovery Product provides up to $15,000 in down-payment, closing-cost, and principal reduction assistance for eligible homebuyers purchasing properties from the Real Estate Owned (REO) inventory of any FHLBank Atlanta member financial institution. - Community Rebuild and Restore Product
The Community Rebuild and Restore Product provides up to $10,000 in funding for the rehabilitation of an existing owner-occupied home located in the Bank’s district in a “Major Disaster Declaration” area as designated by FEMA. The homeowner must have at least 30 days of current ownership by life estate or full interest in the fee title and have ownership of the subject property at the time of the “Major Disaster Declaration.” - Veterans Purchase Product
The Veterans Purchase Product provides up to $7,500 in down-payment, closing-cost, and principal reduction assistance for first-time or non-first-time homebuyers who are veterans or active-duty members of the U.S. military, their spouses, or their surviving spouses. - Returning Veterans Purchase Product
The Returning Veterans Purchase Product provides up to $10,000 in down-payment, closing-cost, and principal reduction assistance for first-time or non-first-time homebuyers who are currently serving or have served in an overseas military intervention for any branch of the U.S. military, their spouses, or their surviving spouses. - Veterans Rehabilitation Product
The Veterans Rehabilitation Product provides up to $12,500 in funding for the rehabilitation of an existing owner-occupied unit for homeowners who are veterans or are active-duty members of the U.S. military, their spouses, or their surviving spouses. - Returning Veterans Rehabilitation Product
The Returning Veterans Rehabilitation Product provides up to $15,000 in funding for the rehabilitation of an existing owner-occupied unit for homeowners who are currently serving or have served in an overseas military intervention for any branch of the U.S. military, their spouses, or their surviving spouses.
A listing of member financial institutions is available on the FHLBank Atlanta website at www.fhlbatl.com.
If you need assistance finding a member financial institution to work with, or for more information, call the Bank’s Community Investment Services department at 1.800.536.9650, option 3, option 0.
About the Federal Home Loan Bank of Atlanta
FHLBank Atlanta offers competitively-priced financing, community development grants, and other banking services to help member financial institutions make affordable home mortgages and provide economic development credit to neighborhoods and communities. The Bank's members – its shareholders and customers – are commercial banks, credit unions, savings institutions, community development financial institutions, and insurance companies headquartered in Alabama, Florida, Georgia, Maryland, North Carolina, South Carolina, Virginia, and the District of Columbia. FHLBank Atlanta is one of 11 district banks in the Federal Home Loan Bank System. Since 1990 the FHLBanks have awarded approximately $5.0 billion in AHP funds, assisting more than 791,000 households.
CONTACT: Sharon Cook Federal Home Loan Bank of Atlanta [email protected] (404) 888.8173
