FHLBank Atlanta launches $10M fund to fill affordable housing finance gaps across Southeast

The Federal Home Loan Bank of Atlanta has announced a $10 million commitment to accelerate completion of affordable and mixed-use housing projects across the Southeast. FHLB will deploy funds through member institutions to help close financing gaps caused by rising construction costs, targeting projects that are more than 50% complete and can be finished within 12 months. Eligible developments across seven states and Washington, DC., will reserve at least 80% of units for households earning up to 80% of area median income. The program is part of a broader $120 million initiative aimed at expanding supply and improving regional housing affordability.