Housing Finance Part I Freeman

Community Investment Services FHLBank Atlanta

[object Object],[object Object],[object Object],Characteristics of FHLBank Atlanta as a Cooperative Members FHLBank Stock Advances Community Dividend

[object Object],[object Object],The Community Dividend

AHP Community Dividend Community Financial Institution FHLBank Community Grows Developer requests funds for Affordable Housing Development Member institution applies for funds from FHLBank Atlanta FHLBank Atlanta approves funding on competitive basis Funds are invested in the community How We Grow Communities

Stimulated Growth in local communities by providing products that revitalize neighborhoods, create jobs, and support economic development $377 Million through FHLBank Atlanta’s Affordable Housing Program to support more than 61,000 housing units Since 1990 $3.2 Billion in “subordinate, equity-like” capital has been awarded Our Successful Mission FHLBanks

Community Investment Initiatives Affordable Housing Program (AHP) Community Investment Program (CIP) First-time Homebuyer Program (FHP) Economic Development Program (EDP)

[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],Affordable Housing Program (AHP)

Enhancements for AHP 2009-2010 Improve member and sponsor customer service levels and Expedite funding of projects Position AHP to assist in solving big problem in the district and the country – foreclosure crisis Increase front-end analytical rigor and due diligence Reward member financial commitment in AHP projects Member Financial Participation Foreclosure Prevention Project Readiness Enhanced Analytical Environment

Desired Outcome for AHP More Ready Projects Reduce Project Modification Expedite Funding Application requirements and process improvements leading to higher levels of customer service Decrease Project Extensions

First-time Homebuyer Program (FHP) ,[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object]

Using FHP to Win First-Time Homebuyers ,[object Object],[object Object],[object Object],[object Object],[object Object],[object Object]

FHP (1997 – 2008) … Every $1 of FHP generates $17 in new mortgage business for our members

Demand For FHP Funding ,[object Object],“ Residential real estate markets continue to bounce back from the doldrums of the recession, according to a Federal Reserve report released Wednesday.” “ The central bank's Beige Book found higher year-over-year home sales in the Atlanta, New York, Cleveland and Minneapolis districts.” “ Still, most of the activity in the residential market is happening at the lower end of the spectrum, thanks to first-time homebuyer tax credits.” American Banker | Thursday, September 10, 2009

Community Investment Program (CIP) and Economic Development Program (EDP) ,[object Object],[object Object],[object Object],[object Object],[object Object]

[object Object],[object Object],[object Object],[object Object],[object Object],Webinars Sponsorships In-market workshops Forums How We Connect

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Housing Finance Part I Freeman

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Housing Finance Part I Freeman