FHLBank Pittsburgh Awards $2.9 Million in Affordable Housing Program Grants

Pittsburg, Pa.—The Board of Directors of the Federal Home Loan Bank of Pittsburgh has approved $2.99 million in grants under its Affordable Housing Program. The grants will help finance 14 housing projects–one in Delaware, six in Pennsylvania and seven in West Virginia–creating 260 units of housing for very-low, low- and moderate-income individuals and families as well as those with special needs.

The nine rental and five homeownership projects approved for funding will serve a wide variety of recipients, including the chronically homeless, seniors and individuals recovering from substance abuse.