ATLANTA, Feb. 26, 2026 (GLOBE NEWSWIRE) -- Federal Home Loan Bank of Atlanta (FHLBank Atlanta) announced today that it will allocate $120 million in 2026 to fund its affordable housing programs, which distribute grant funding for homebuyer downpayment assistance, housing development and rehabilitation, and legal assistance for property owners to protect their equity and build generational wealth.

"With this year's allocation, we will complete our distribution of more than $300 million over three years to advance housing supply, homebuyer affordability, and community development," said FHLBank Atlanta President and CEO Reggie O'Shields. "Affordable housing is a multifaceted challenge, and throughout the year we introduce grant opportunities that address critical needs across our region."

$60 Million Available Now for Downpayment, Closing Cost, and Rehabilitation AssistanceOf the $120 million allocated for distribution this year, $60 million is now available. Financial institutions that are members of FHLBank Atlanta can apply for two programs to support homebuyers of eligible income levels with downpayment, closing cost, and home rehabilitation assistance.

For households earning less than 80% area median income (AMI), $40 million is available, allowing each member financial institution to apply for up to $750,000 to distribute as grants for up to $17,500 ...