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ATTENTION: EDITORS / ASSIGNMENT EDITORS

Contact:
Angelo Terrana, press secretary, U.S. Rep. Melissa Hart: 202-225-2565;
Neil Cotiaux, FHLBank of Pittsburgh: 412-288-2851; cell: 412-335-9488

HART TO CONDUCT HOUSING FORUM, PRESENT $500,000 SENIOR HOUSING GRANT

BRACKENRIDGE BOROUGH, PA, January 12, 2006 — U.S. Rep. Melissa Hart (PA-4) and officials of the Federal Home Loan Bank of Pittsburgh (FHLBank), Allegheny County Housing Authority and TREK Development Group, Inc. will hold a Housing Roundtable Thursday, January 26, 2006, from 10 to 11:15 a.m. at the Brackenridge Borough Municipal Building,1000 Brackenridge Avenue, Brackenridge.

Rep. Hart will begin this community discussion by presenting a $500,000 Affordable Housing Program (AHP) grant from the FHLBank to the Allegheny County Housing Authority and TREK Development Group, co-hosts of the event. The half-million dollars will help fund 72 units of high-quality affordable housing within a new three-story building on the site of the former Dayspring Christian Center in Tarentum. All units will serve low- and very-low-income tenants. Fifteen of the units will serve frail elderly residents, eight units will accommodate the physically handicapped, and six units will be dedicated to the hearing- and vision-impaired. TREK plans a sufficient number of units to provide housing to both current Housing Authority residents and the general public. PNC Bank is the FHLBank member providing AHP funds to the project, known as Tarentum Senior Housing Phase II.

Following the check presentation, representatives of Allegheny County Housing Authority and other affordable housing advocates, TREK, Pennsylvania Housing Finance Agency, bankers, builders, REALTORS© and local elected officials will join Rep. Hart at the housing forum. She will provide a status report on affordable housing and economic and community development. The group will also discuss private and public aid available to residents, nonprofits and developers.

Representatives of the news media are invited to cover both the check presentation ceremony at 10 a.m. and subsequent Housing Roundtable discussion.

The FHLBank of Pittsburgh is a cooperative of community financial institutions across Delaware, Pennsylvania and West Virginia that uses private capital to provide low-cost funding for affordable housing, community and economic development, and other community banking needs.