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ATTENTION: EDITORS / ASSIGNMENT EDITORS

Contact:
Neil Cotiaux, FHLBank of Pittsburgh, 412-288-2851, cell: 412-335-9488
Emily Cunningham, district press secretary, Sen. Thomas R. Carper:
    302-573-6291
Kaitlin Hoffman, press secretary, Rep. Michael N. Castle: 202-225-4165

CARPER, CASTLE TO UNVEIL $6 MILLION PROGRAM FOR FIRST-TIME HOMEBUYERS: DOWN PAYMENT, CLOSING COSTS THE FOCUS OF STATEWIDE INITIATIVE

WILMINGTON, DE, February 23, 2006 — U.S. Sen. Thomas R. Carper and U.S. Rep. Michael N. Castle will announce a more than $6 million program to assist lower-income first-time homebuyers at an event in Wilmington next Monday.

Carper and Castle will appear at 11 a.m. Monday, February 27, at West End Neighborhood House, 710 North Lincoln Street in Downtown Wilmington to announce the program. Representatives of Delaware banks and nonprofits, the Federal Home Loan Bank of Pittsburgh (FHLBank), builders, REALTORS© and other community-based groups will also participate. Speakers will outline the nature and benefits of the new grant program and explain how First State homebuyers can apply. At least 1,000 first-time homebuyers are expected to be assisted by this new initiative.

Directions:

From the south: Driving north on I-95, the Blue Rocks Baseball Stadium will be on your right as you enter the city of Wilmington. Pass the Maryland Avenue Exit. Take the Delaware Avenue Exit (the first exit after Maryland Ave.) and stay in the left-hand lane. Turn left onto 10th Street. Cross I-95. Make a quick left onto Jackson Street and turn right onto 8th Street. Continue on 8th Street to Scott Street. Once you cross over Scott Street, there are houses on your left, then the entrance to a parking lot as you approach Lincoln Street. West End Neighborhood House is on your left at the corner of 8th and Lincoln streets. Parking is on the left before the intersection and is also available on the street. For assistance, call 302-658-4171.

From the north: Driving south on I-95, take the Delaware Avenue Exit (the exit after the Rte. 202 exits). As you take the Delaware Avenue Exit, you will approach a stoplight at the top of the exit. Stay in the middle lane. Make a right onto 8th Street. Follow 8th Street through several stop signs to Lincoln Street. West End Neighborhood House is at the corner of 8th and Lincoln streets. Once you approach Lincoln Street, look for a parking spot. There is parking behind the building. Street parking is also available. For assistance, call 302-658-4171.