Bank offers $1.3 million for Md. affordable housing projects

The Federal Home Loan Bank of Atlanta has agreed to provide $1.3 million to fund affordable housing projects in Baltimore and Cecil County, Maryland’s U.S. senators announced Wednesday. Developers will work with local member institutions of the Atlanta-based community development bank to construct or renovate 128 residential units, the senators said. In North East, Capital One Bank will be working with the Housing Initiative Partnership Inc. to construct New East Crossing, a 72-unit rental complex, FHLBank Atlanta said in a statement. The bank is granting $500,000 for the $14.3 million project.

The Baltimore Sun

Advertisements

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out / Change )

Twitter picture

You are commenting using your Twitter account. Log Out / Change )

Facebook photo

You are commenting using your Facebook account. Log Out / Change )

Google+ photo

You are commenting using your Google+ account. Log Out / Change )

Connecting to %s