FHLBank Atlanta Awards $50.4 Million to Advance Affordable Housing Across 50 Developments

ATLANTA, Nov. 09, 2026 (GLOBE NEWSWIRE) -- Federal Home Loan Bank of Atlanta (FHLBank Atlanta) is awarding more than $50.4 million in Affordable Housing Program General Fund grants to support 50 developments across 13 states and the District of Columbia. The funding will help finance the construction or rehabilitation of 3,653 affordable housing units, expanding housing opportunities for individuals and families throughout the Bank’s district.

“Access to affordable housing remains one of the most pressing challenges facing our communities today,” said Reggie O'Shields, President and CEO of FHLBank Atlanta. “Expanding the availability of affordable housing is central to our mission. Through partnerships with our members and housing organizations, these investments will help increase housing supply, strengthen communities, and create greater opportunity for individuals and families across the Southeast.”

For the complete list of 2026 awards, click here.

“Every development awarded funding this year addresses a critical housing need,” said Tomeka Strickland, FHLBank Atlanta’s Director of Community Investment Services. “Whether supporting new construction, rehabilitation, senior housing, adaptive reuse, or homeownership opportunities, these projects will create affordable housing options that otherwise might not be possible. We are proud to partner with our members to help make these developments a reality.”

This year, 60% of General Fund grants will support new construction, helping to address the growing shortage of affordable housing affecting communities throughout FHLBank Atlanta's district. The 2026 grants also will support 800 more housing units than were funded through the prior year's General Fund, underscoring the Bank’s continued commitment to expanding housing opportunities through strategic investments in affordable housing.

In total, FHLBank Atlanta will contribute $120 million for affordable housing and community development in 2026, with a range of programs for new construction, rehabilitation, and purchase for both rental and owner-occupied units, along with down-payment and closing cost assistance, disaster relief, and initiatives to preserve generational wealth through property ownership.

Since the Affordable Housing Program was established in 1990, FHLBank Atlanta has awarded more than $1.4 billion in funding to support more than 194,000 affordable housing units for low- and moderate-income families.

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 home mortgages and provide economic development credit to neighborhoods and communities. The Bank's members are commercial banks, credit unions, savings institutions, community development financial institutions, and insurance companies located in Alabama, Florida, Georgia, Maryland, North Carolina, South Carolina, Virginia, and the District of Columbia. FHLBank Atlanta is one of 11 district banks in the Federal Home Loan Bank System.

For more information, visit our website at www.fhlbatl.com.

CONTACT: Suzanne Vincent
Federal Home Loan Bank of Atlanta
svincent@fhlbatl.com