Community Heroes Initiative Provides Matching Grant Money to Assist in Home Purchases

Wednesday, June 13, 2018 2:08:00 PM

Federal Home Loan Bank of Atlanta (FHLBank Atlanta) announced today that it has established a new matching grant initiative to enable law enforcement officers, firefighters, other first responders, and public school teachers to purchase a home under locally structured partnerships. The Community Heroes initiative will combine up to $4.5 million in grant funding from FHLBank Atlanta with three-to-one match funding from local governments, counties, or housing finance agencies, making available a total of up to $18 million throughout FHLBank Atlanta‚Äôs district.  

Community Heroes funding will be available exclusively to law enforcement officers, firefighters, other first responders, and public school teachers earning greater than 80 percent to 120 percent of area median income. The funds are to be used for homeownership in the communities in which they serve, either through new construction or rehabilitation.

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