Affordable Housing Program
Each year, FHLBank Pittsburgh sets aside approximately
10 percent of its net income to fund its Affordable
Housing Program (AHP).
FHLBank's AHP supports projects that provide
affordable housing to individuals and families
whose incomes are defined as low (51 to 80 percent
of area median) or very low (50 percent and
below of area median). Since 1990, FHLBank has
awarded more than $125 million in subsidies — leveraging
more than $2 billion in total development
costs — that
has resulted in more than 22,000 affordable
housing units throughout the region.
Community Lending Program
Designed to help members meet their community investment goals while maintaining and enhancing their own profitability.
FHLBank Pittsburgh's Community Lending Program
(CLP) offers loans to member financial institutions
for community and economic development projects
that create housing, improve business districts
and strengthen neighborhoods.
First Front Door
Specifically designed for first-time buyers to address the funding needs of low-income homebuyers.
FHLBank Pittsburgh's First Front Door (FFD)
Program was developed to address the funding needs
of low-income homebuyers. Specifically designed
for first-time buyers, FFD provides grant assistance
— provided through member financial institutions
— to be used for down payment and closing costs
to households at or below 80 percent of the area
median income.
Banking On Business
Designed to help eligible small businesses with start-up and expansion.
Banks are sometimes unable to lend money to small businesses — especially start-ups — that lack sufficient equity or cash flow. But with FHLBank Pittsburgh's Banking On Business (BOB) program to make these deals more bankable, financial institutions are more willing to provide loans. Delivered through member financial institutions, BOB funding helps eligible small businesses with start-up and expansion.
Blueprint Communities
An initiative to help community leaders plan
for and carry out effective and comprehensive
community revitalization efforts.
The community revitalization training provides the educational component necessary for communities to begin developing long-term, comprehensive community plans. Focusing on such fundamentals as leadership, capacity, goal-setting and strategic planning, the revitalization training provides the necessary base for communities to begin growth.
My Money, My Life
Giving Allegheny County's young adults a fresh
start for the future.
My Money, My Life is a free, neighborhood-based way to help our young people avoid the financial traps that make it more difficult for them to buy their first home and save for the future.
[ Return to top ]
|
Serving our members in Delaware, Pennsylvania
