Federal Home Loan Bank of Atlanta Releases First Impact Report
May 13 2024 - 9:32AM
Federal Home Loan Bank of Atlanta (FHLBank Atlanta) has issued the
company’s inaugural Impact Report, highlighting the Bank’s 2023
initiatives supporting affordable housing and community
development, corporate giving, and workplace culture.
“The roots of FHLBank Atlanta run deep and our role has expanded
since we were established more than 90 years ago,” said FHLBank
Atlanta President and CEO Kirk Malmberg. “Today, we partner with
nearly 800 member institutions, offering programs to address
housing needs and advance small business lending and community
development. We also provide liquidity to our members, which in
turn, supports community, housing, and business needs.”
Highlights of FHLBank Atlanta’s 2023 Impact Report include:
- $296 million disbursed by FHLBank Atlanta members in total
mortgage financing in connection with the Bank’s Affordable Housing
Program (AHP), assisting nearly 1,400 households
- $20 million contributed to 28 affordable housing projects
through the Bank’s AHP General Fund
- $17.9 million disbursed to help low-to-moderate-income
individuals and families purchase or rehabilitate homes through the
Bank’s AHP Set-aside Program
- Seven total Employee Resource Groups promoting diversity,
equity, and inclusion at FHLBank Atlanta
- Three days of time off given for each FHLBank employee to
volunteer with organizations of their choice
Malmberg added, “This Impact Report reflects the hard work and
passion of our employees, who show incredible dedication to our
purpose and to creating a vibrant workplace and community.”
The full report is available on the FHLBank
Atlanta website.
About the Federal Home Loan Bank of
AtlantaFHLBank 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. Since 1990, the
FHLBanks have awarded approximately $8 billion in Affordable
Housing Program funds, assisting approximately 1.1 million
households.
CONTACT: Sheryl TouchtonFederal Home Loan Bank
of Atlantastouchton@fhlbatl.com404.716.4296