TMCnet News
FHLBank Pittsburgh Announces $7 Million in Grants to Help Fight HomelessnessFHLBank Pittsburgh, in conjunction with its housing finance agency partners, announced today that more than $7 million in Home4Good grants has been awarded this year to support 80 programs in Delaware, Pennsylvania and West Virginia in their fight against homelessness. The Bank contributed $4.8 million to the initiative in 2018, and its partners - the Delaware State Housing Authority, the Pennsylvania Housing Finance Agency and the West Virginia Housing Development Fund - contributed an additional $2.25 million. "FHLBank Pittsburgh is proud to partner with our member institutions, state housing finance agencies and community organizations across Delaware, Pennsylvania and West Virginia in the ongoing fight against homelessness," said Winthrop Watson, President and Chief Executive Officer. "The $7 million in Home4Good grants announced today will provide much-needed funding to local service organizations that are best positioned to help those in need." Home4Good helps those who are homeless or at risk of homelessness by financially supporting local homeless service organizations that focus on prevention and innovative solutions. Organizatios partner with Bank member institutions to apply for Home4Good funding through established Continuum of Care agencies across the three states. To learn more about Home4Good, visit www.fhlb-pgh.com. Additional state-specific details are available at www.destatehousing.com, www.phfa.org and www.wvhdf.com. About FHLBank Pittsburgh As an intermediary between global capital markets and local lenders, FHLBank Pittsburgh provides readily available liquidity, as well as affordable housing and community development opportunities, to member financial institutions of all sizes in Delaware, Pennsylvania and West Virginia. The Bank is part of the Federal Home Loan Bank System, which was established by Congress in 1932 and serves as a reliable source of funds for housing, jobs and growth in all economic cycles.
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