Members can advance the disposition of their REO properties and create new lending opportunities with the Foreclosure Recovery Product. The HDP is a set-aside program managed within regulatory requirements established by the Federal Housing Finance Agency (FHFA) 12 C.F.R. eHome America is one of two online homebuyer education providers approved by the FHLBank Chicago. © 2020 Federal Home Loan Bank of Atlanta, All Rights Reserved. These products provide funding for purchase or purchase and rehabilitation of a home by veterans and active-duty members of any branch of the U.S. military, their spouses, or their surviving spouses. Freddie Mac-approved providers can be found in AllRegs and Fannie Mae-approved providers can be found in the Selling Guide.Homebuyer education must be completed within the current or previous calendar year of the purchase closing date. Homebuyers may complete online education through eHome followed by face-to-face, telephonic, or videoconference counseling from an eHome partner/NIS adopter. Community Rebuild and Restore provides up to $10,000 for the rehabilitation of an existing owner-occupied home located in “Major Disaster Declaration” areas as designated by the Federal Emergency Management Agency (FEMA). Only one adult household member must complete the homebuyer education … Community Partners provides home purchase assistance to current or retired law enforcement officers, educators, health care workers, firefighters, and other first responders. These resources help members to provide critical funding for affordable housing development throughout the communities they serve.In addition, our community investment advances offer reduced rate funding that also provides critical support for affordable housing and local economic development. Affordable Housing Program Competitive - Rental and OwnershipThe AHP Competitive is a flexible source of funding designed to help member institutions and their community partners develop affordable owner-occupied and rental housing for very low- to moderate-income families and individuals. Members can grow their customer base and mortgage originations while supporting those vital members of the community who help others for a living.
The HDP provides funds in the form of a grant to be used towards down payment and closing cost assistance to first-time homebuyers earning at or below 80% of the Area Median Income … Services for Potential Homebuyers and Current Homeowners Contact an FHLBank Atlanta member financial institution to learn more about how you can use FHLBank Atlanta funds to achieve your dreams of homeownership. That means new potential customers and increased goodwill for member institutions and a thriving community.One of the key issues facing financial market participants and regulators today is the expected phase out of the London Interbank Offered Rate (LIBOR) as a benchmark interest rate by the end of 2021. We offer a variety of homeownership and rental products as well as services to help connect our members to business drivers in their markets, including real estate professionals, developers, local governments, Housing Finance Agencies, and nonprofit organizations. Each year, we set aside 10 percent of our annual net income to invest back into our members' communities through our Affordable Housing Program (AHP). Capitalize on our competitive rates and to take advantage of our many products and services.FHLBank Topeka's affordable housing and community development programs can help.We make a difference by providing reliable liquidity and funding to help our members build strong communities.Effective for loan closings on or after Jan. 1, 2020, FHLBank will only accept homebuyer education courses approved by the designated organizations listed below.