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Community Investment Services

FHLBank Atlanta. Community Investment Services. Members. FHLBank. Stock. Advances. Community Dividend. Characteristics of FHLBank Atlanta as a Cooperative. Shareholder/customer dynamic Have not experienced a credit loss in 75 years

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Community Investment Services

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  1. FHLBank Atlanta Community Investment Services

  2. Members FHLBank Stock Advances Community Dividend Characteristics of FHLBank Atlanta as a Cooperative • Shareholder/customer dynamic • Have not experienced a credit loss in 75 years • Annual reinvestment of at least 10 percent of net income into affordable housing

  3. The Community Dividend • FHLBank Atlanta views the 10 percent income allocation as our community dividend • Like every other dividend, this community dividend is predicated upon the positive financial performance of FHLBank Atlanta

  4. How We Grow Communities Community Developer requests funds for affordable dousing development Funds are invested in the community AHP Community Dividend Financial Institution Community Grows FHLBank FHLBank Atlanta approves funding on competitive basis Member institution applies for funds from FHLBank Atlanta

  5. Our Successful Mission $377 Million through FHLBank Atlanta’s Affordable Housing Program to support more than 61,000 housing units Since 1990 $6 Billion in “subordinate, equity-like” capital has been awarded FHLBanks Stimulated Growth in local communities by providing products that revitalize neighborhoods, create jobs, and support economic development

  6. Affordable Housing Program (AHP) Community Investment Program (CIP) First-time Homebuyer Program (FHP) Economic Development Program (EDP) Community Investment Initiatives

  7. Affordable Housing Program (AHP) • Funding to create rental and homeownership opportunities for moderate-, low- and very low-income households • Beneficiaries • Residents at or below 80 percent of Area Median Income (AMI) • Competitive Application Process • Uses • New construction or rehabilitation • Acquisition • Permanent financing • Down payment and closing cost assistance

  8. Project Readiness Foreclosure Prevention Enhanced Analytical Environment Member Financial Participation Enhancements for AHP 2009-2010 Improve member and sponsor customer service levels and expedite funding of projects Position AHP to assist in solving big problem inthe district and the country – foreclosure crisis Increase front-end analytical rigor and due diligence Reward member financial commitment in AHPprojects

  9. Desired Outcome for AHP Application requirements and process improvements leading to higher levels of customer service More Ready Projects Reduce Project Modification Expedite Funding Decrease Project Extensions

  10. First-time Homebuyer Program (FHP) • Down payment and closing cost assistance • 5:1 Match (minimum borrower contribution of $500) • Maximum $10,000 per borrower • Registered members eligible for up to $1,000,000 per year • First-come, first-served • Benefits homebuyers at or below 80 percent AMI • Five year retention agreement

  11. Using FHP to Win First-Time Homebuyers • FHP used by members to compete for highly sought-after new customers • Members marketed FHP as an incentive for customer to use member’s mortgage products • Proven resultswith members • During 2008, FHLBank Atlanta supported over $17MM to members’ First-Time Homebuyer lending activities, resulting in almost 2,000 member-originated first mortgages • In 2009, nearly $10MM will support members’ customer acquisition campaigns • FHLBank Atlanta made significant changes to underwriting guidelines to further responsible lending and customer service commitments

  12. FHP (1997 – 2008) …Every $1 of FHP generates $17 in new mortgage business for our members

  13. Community Investment Program (CIP)and Economic Development Program (EDP) • Discounted advances (up to 10 basis points) • Available year-round, simple application, no maximum amount • Complements government programs • One advance can fund multiple loans • Discounted loans approaching $5 billion

  14. How We Connect Webinars In-market workshops Business Development and Relationship Management Jackson Cosey ShaDonte Dozier Louis Freeman 800.536.9650 www.fhlbatl.com Forums Sponsorships

  15. ? ? ? Do You Have Any Questions? We are happy to help.

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