Federal Home Loan Bank of Atlanta Releases First Impact

ATLANTA, May 13, 2024 (GLOBE NEWSWIRE) — Federal Home Loan Bank of Atlanta (FHLBank Atlanta) released the company’s first impact report, highlighting the bank’s 2023 affordable housing initiatives and community development, corporate giving and workplace culture.

“FHLBank Atlanta’s roots run deep and our role has expanded since our founding more than 90 years ago,” said Kirk Malmberg, president and CEO of FHLBank Atlanta. “Today, we partner with nearly 800 member institutions, providing programs to address housing needs and advance small business lending and community development. We also provide liquidity to our members, which in turn supports community, housing and business needs.

Highlights from FHLBank Atlanta’s 2023 Impact Report include:

• $296 million disbursed by FHLBank Atlanta members in total mortgage financing through the bank’s Affordable Housing Program (AHP), helping nearly 1,400 households
• $20 million was disbursed to 28 affordable housing projects thanks to the Bank’s PAHA General Fund
• $17.9 million disbursed to help low-to-moderate-income individuals and families purchase or renovate homes through the Bank’s AHP Layaway Program
• Seven total employee resource groups promoting diversity, equity and inclusion at FHLBank Atlanta
• Three days off given to every FHLBank employee to volunteer with organizations of their choice

Malmberg added: “This impact report reflects the hard work and passion of our employees, who demonstrate incredible dedication to our purpose and creating a vibrant workplace and community. »

THE full report is available on the FHLBank Atlanta website.

About 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 mortgages and provide economic development credit to neighborhoods and communities. The Bank’s members are commercial banks, credit unions, thrifts, community development financial institutions and insurance companies located in Alabama, Florida, Georgia, Maryland, Carolina North, South Carolina, Virginia and the District of Columbia. FHLBank Atlanta is one of 11 district banks in the Federal Home Loan System. Since 1990, FHLBanks have allocated approximately $8 billion under the affordable housing program, helping approximately 1.1 million households.

CONTACT: Sheryl Touchton
Federal Home Loan Bank of Atlanta
[email protected]
404.716.4296