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Monday, August 22, 2005

Lynchburg Area: Granted 285,000 From Federal Home Loan Bank of Atlanta

Out of a total of $915,000 awarded to Virginia, for affordable housing projects. The Lynchburg area has been granted 285,000.

The Federal Home Loan Bank of Atlanta is reporting:

"AHP funds are increasingly becoming a more critical piece in community efforts to build housing that is affordable to Virginia's residents,'' said Lynn Brazen, FHLBank Atlanta director of community investment services. "

The awards announced today are from a competitive grant program, that centers on housing improvement for single and multi-family dwelling. The awards are used for low to moderate income families.

"Lynchburg Neighborhood Development Foundation (LNDF) will use AHP funds to assist 60 low-income homeowners repair and maintain their houses located in the Central Virginia Planning District."

The Bank of the James is the sponsor for the funds that will be used by Neighborhood Development Foundation Grant. Areas included in the grant are Amherst, Bedford, Bedford City, Campbell, Appomattox, and Lynchburg City.


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