The Soapbox

00 Hoo

Joined: 08/16/1998 Posts: 2852
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The slides pictured are for a grant program to financial institutions,


not for loans, as Rufo lies in the text of his tweet.

"Federal Home Loan Bank of Atlanta (FHLBank Atlanta) announced today that it is making $8 million in grant funding available for a new program to help close funding gaps for affordable multifamily rental housing projects caused by the steep rise in interest rates and construction costs. The Multifamily Housing Bridge Fund (Bridge Fund) will offer up to $500,000 per project to member financial institutions and their community housing partners in a competitive application process, which opens on November 8, 2023."

"Eligible projects for the Bridge Fund will include multifamily and mixed-use rental housing targeted to households earning up to 120 percent of the area median income. Projects must be at least fifty percent complete at the time of application and demonstrate a financing gap related to an increase in construction hard costs, such as construction materials and labor."

(In response to this post by JMHoo)

Link: press release


Posted: 12/01/2023 at 12:29AM



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Current Thread:
  That kind of discrimination is different. ** -- ResistHoo 12/01/2023 08:42AM
  So when you pass lies, it makes you a liar too. ** -- 111Balz 12/01/2023 06:35AM
  On the cover of the Rolling Stone ..... -- FrankGallagher 12/01/2023 08:43AM

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