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Four NH affordable housing projects awarded $6.7m in funding by Federal Home Loan Bank - January 18 2019

Four New Hampshire affordable housing projects with a total of 133 units have been awarded a combined $6.7 million in grants and loans by the Federal Home Loan Bank of Boston.

The support, awarded to four New Hampshire banks through the FHLB’s Affordable Housing Program, is part of $46.6 million in funding given to 47 projects with 2,550 units around New England.

The grants and loans will be used to help pay construction, acquisition and rehabilitation costs. Member banks work with local developers to apply for funding, which is awarded through a competitive scoring process.

Awarded funding in New Hampshire were:

 • Franklin Savings Bank, $350,000 in support of improvements at Lakes Region Community Developers’ Harvey Heights Phase I project in Ashland, affecting 40 rental units. Proposed improvements include installation of a sprinkler system, upgrading the fire alarm system, window and siding replacement, improved insulation, addition of water-conserving bathroom fixtures and roofing replacement.

FHLBank Pittsburgh Awards $34.2 Million in Affordable Housing Program Grants

“The more than $34 million in AHP grants awarded today represents the largest amount ever awarded by FHLBank Pittsburgh,” said Winthrop Watson, President and Chief Executive Officer. “This record amount of funds will help our members bring affordable housing to more than 1,700 families throughout the communities they serve.”

Local organizations partnered with 26 member institutions to support the 68 projects receiving AHP funding. A complete list of the AHP grants awarded today can be found at www.fhlb-pgh.com .

As an intermediary between global capital markets and local lenders, FHLBank Pittsburgh provides readily available liquidity, as well as affordable housing and community development opportunities, to member financial institutions of all sizes in Delaware, Pennsylvania and West Virginia. The Bank is part of the Federal Home Loan Bank System, which was established by Congress in 1932 and serves as a reliable source of funds for housing, jobs and growth in all economic cycles.

Where do I find what the current 5 year Federal Home Loan Bank yeild?

What is the current five (5) year non-callable agency bond yield on a direct obligation non-callable bond issued by the Federal Home Loan Bank?


Go to their website www.fhlb.

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