Three affordable-housing projects in the Dayton area will receive $1.8 million in grants from the Federal Home Loan Bank of Cincinnati. The grants were among 32 awards totaling $11.3 million provided through the bank's Affordable Housing Program, a press release states. Federal Home Loan Bank gives the grants to its member institutions, which then pass along the money to the nonprofits driving the projects, said John Byczkowski, a spokesman for FHLB. The grant money isn't disbursed until after the projects are finished, Byczkowski said.
The Federal Housing Finance Agency (FHFA) is announcing the Federal Home Loan Bank (Bank) members it has selected for the 2010 fifth round review cycle under the FHFA's community support requirements regulation. This notice also prescribes the deadline by which Bank members selected for review must submit Community Support Statements to FHFA.
... Federal Home Loan Bank of Cincinnati--District 5. -------------------------------------...
CINCINNATI -- Carl F. Wick, a Centerville resident and a member of the Ohio Board of Education, was elected chairman of the Federal Home Loan Bank of Cincinnati. Wick is owner of Wick and Associates Business Consulting. He retired in 1994 after a 28-year career with NCR Corp.
Two Memphis organizations that help house the poor and homeless have received more than $600,000 in grants from the Federal Home Loan Bank of Cincinnati . Friends for Life , which supports people affected by HIV/AIDS, is getting $497,700, and Habitat for Humanity for Greater Memphis is receiving $137,747.
People - Brief Article
People - Appointments, resignations and dismissals - Brief Article
Anti-foreclosure efforts in Kentucky received a boost, as the Federal Home Loan Bank of Cincinnati awarded grants worth $400,000 for mortgage counseling and foreclosure mitigation to Republic Bank & Trust Company. Federal Home Loan Bank of Cincinnati President David Hehman announced the "Preserving me American Dream" grants. The largest grant is a $400,000 award that covers 52 Kentucky counties, including the Lexington and Louisville areas. The grant was awarded to five financial institutions led by the Republic Bank & Trust of Louisville, and the Neighborworks Alliance of Kentucky, a consortium of nonprofit housing agencies.
A Cincinnati financial institution on Sept. 25 awarded a $200,000 grant to help several Dayton housing advocates and lenders fight foreclosures. The Federal Home Loan Bank of Cincinnati's grant -- one of seven the organization awarded in Ohio -- will fund mortgage counseling and foreclosure mitigation services, a press release states.
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