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FHLBank Atlanta. Community Investment Services. Members. FHLBank. Stock. Advances. Community Dividend. Characteristics of FHLBank Atlanta as a Cooperative. Shareholder/customer dynamic Have not experienced a credit loss in 75 years

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Community investment services

FHLBank Atlanta

Community Investment Services


Community investment services

Members

FHLBank

Stock

Advances

Community

Dividend

Characteristics of FHLBank Atlanta as a Cooperative

  • Shareholder/customer dynamic

  • Have not experienced a credit loss in 75 years

  • Annual reinvestment of at least 10 percent of net income into affordable housing


Community investment services

The Community Dividend

  • FHLBank Atlanta views the 10 percent income allocation as our community dividend

  • Like every other dividend, this community dividend is predicated upon the positive financial performance of FHLBank Atlanta


Community investment services

How We Grow Communities

Community

Developer requests funds for affordable dousing

development

Funds are invested

in the community

AHP

Community

Dividend

Financial

Institution

Community

Grows

FHLBank

FHLBank Atlanta

approves funding

on competitive basis

Member institution applies for funds from

FHLBank Atlanta


Community investment services

Our Successful Mission

$377 Million

through FHLBank Atlanta’s Affordable Housing Program to support more than 61,000 housing units

Since 1990

$6 Billion

in “subordinate, equity-like”

capital has been awarded

FHLBanks

Stimulated Growth

in local communities by providing products that revitalize neighborhoods, create jobs, and support economic development


Community investment services

Affordable

Housing

Program

(AHP)

Community

Investment

Program

(CIP)

First-time

Homebuyer

Program

(FHP)

Economic

Development

Program

(EDP)

Community Investment Initiatives


Community investment services

Affordable Housing Program (AHP)

  • Funding to create rental and homeownership opportunities for moderate-, low- and very low-income households

  • Beneficiaries

    • Residents at or below 80 percent of Area Median Income (AMI)

  • Competitive Application Process

  • Uses

    • New construction or rehabilitation

    • Acquisition

    • Permanent financing

    • Down payment and closing cost assistance


Community investment services

Project Readiness

Foreclosure Prevention

Enhanced Analytical Environment

Member Financial Participation

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 inthe district and the country – foreclosure crisis

Increase front-end analytical rigor and due diligence

Reward member financial commitment in AHPprojects


Desired outcome for ahp
Desired Outcome for AHP

Application requirements

and process improvements

leading to higher levels

of customer service

More Ready

Projects

Reduce

Project

Modification

Expedite

Funding

Decrease

Project

Extensions


Community investment services

First-time Homebuyer Program (FHP)

  • Down payment and closing cost assistance

    • 5:1 Match (minimum borrower contribution of $500)

    • Maximum $10,000 per borrower

    • Registered members eligible for up to $1,000,000 per year

    • First-come, first-served

  • Benefits homebuyers at or below 80 percent AMI

  • Five year retention agreement


Using fhp to win first time homebuyers
Using FHP to Win First-Time Homebuyers

  • FHP used by members to compete for highly sought-after new customers

    • Members marketed FHP as an incentive for customer to use member’s mortgage products

  • Proven resultswith members

    • During 2008, FHLBank Atlanta supported over $17MM to members’ First-Time Homebuyer lending activities, resulting in almost 2,000 member-originated first mortgages

  • In 2009, nearly $10MM will support members’ customer acquisition campaigns

    • FHLBank Atlanta made significant changes to underwriting guidelines to further responsible lending and customer service commitments


Fhp 1997 2008
FHP (1997 – 2008)

…Every $1 of FHP generates $17 in new mortgage business

for our members


Community investment services

Community Investment Program (CIP)and Economic Development Program (EDP)

  • Discounted advances (up to 10 basis points)

  • Available year-round, simple application, no maximum amount

  • Complements government programs

  • One advance can fund multiple loans

  • Discounted loans approaching $5 billion


Community investment services

How We Connect

Webinars

In-market workshops

Business Development and Relationship Management

Jackson Cosey

ShaDonte Dozier

Louis Freeman

800.536.9650 www.fhlbatl.com

Forums

Sponsorships


Community investment services

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Do You Have Any Questions?

We are happy to help.