Bank / Credit Union
Federal Home Loan Bank of Pittsburgh provides $114.2M to support communities
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March 13, 2024
The Federal Home Loan Bank of Pittsburgh announced that $114.2 million is now available for its member financial institutions to support their communities, according to a press release.
"FHLBank is proud to fulfill our mission as we continue to deliver innovative solutions for affordable housing and community development along with on-demand liquidity to our members," Winthrop Watson, president and CEO, FHLBank, said in the release.
These funds are allocated for a variety of projects including:
- $48.7 million for Affordable Housing Program.
- $18 million for voluntary housing grant initiative.
- $12.5 million for Banking on Business.
- $22 million for First Front Door.
- $6 million to Home4Good.
The bank supports other affordable housing initiatives such as the Community Lending Program and Blueprint Communities.
