1. How the Federal Home Loan Bank of Atlanta Can Assist its Members in Financing Supportive Housing
Arthur L. Fleming
Senior Vice President and Director of Community Investment Services

2. Our Discussion Today FHLBank Atlanta Overview
FHLBank Atlanta Affordable Housing Program (AHP) Products
FHLBank Atlanta AHP Supportive Housing
Connecting the Dots – Scale and Impact
North Carolina Supportive Housing Deals
How Can We Help You Succeed?

3. FHLBank System

4. FHLBank Atlanta Members
Data as of September 21, 2016

5. Products and Services Advances (Loans) Letters of Credit
Interest-rate Risk Management Tools
Cash Management Services
AHP and Community Investment Program (CIP)

6. Value to Your Business and Your Community Affordable Housing Program (AHP)
Commercial loan officers
CRA officers
Business development officers
AHP Competitive – rental and ownership
New construction/rehabilitation
Single-family/multi-family
Acquisition/owner-occupied
Single-family mortgage loan officers
CRA officers
Business development officers
AHP Set-aside – ownership only
First-time Homebuyer Product (FHP)
Community Partners Homebuyer Product (CPP)
Foreclosure Recovery Homebuyer Product (FRP)
Veterans Product Suite (VPP, RVPP, VRP, RVRP)
Structured Partnership Products (SPP)
Commercial loan officers
CRA officers
Business development officers
Community Investment Program (CIP) and Economic Development Program (EDP)
Discounted advance products for residential or economic development projects

7. FHLBank Atlanta AHP Scale and Impact
Competitive
Program
$714.6 Million
competitive funds awarded to create over 113,000 rental and homeownership opportunities for moderate-, low- and very low-income households since 1990
AHP Competitive Leverage Ratio – 1:13
AHP
Set-aside
Program
$173.8 Million
funded through AHP Set-aside products and supporting more than 25,500 units since 1997
AHP Set-aside Purchase Leverage Ratio – 1:20
Community
Investment
Program
FHLBank Atlanta’s affordable housing program has had a great impact on community investment.
Since 1990 we have funded over $692.6 million in our competitive program.
This has provided over 109,000 housing opportunities for moderate, low and very low income households.
And for every dollar we contribute there are on average $13 from other sources.
Now although this training webinar is for the AHP Competitive program, we also wanted to share some results with you from our AHP Set-aside program.
Since 1997 we have funded over $160 million in our Set-aside program. This has provided an additional 23,500 housing opportunities for moderate, low and very low income households.
The result is a total impact of the affordable housing program, both Competitive and Set-aside, of over 133,000 units
In addition the AHP, we have provided approximately $7.5 billion of Community Investment advances to our members.
$7.6 Billion
low-cost CICA advances supporting community economic initiatives and affordable housing development
Economic
Development
Program
*As of September 1, 2016

8. FHLBank Atlanta AHP Scale and Impact Profile September 2016

9. AHP Competitive Scale and Impact Comparison By Project Type, Awarded 1990-2016
Key Takeaway:
Since AHP’s inception, 40% of AHP Competitive projects awarded are Rental Low Income Housing Tax Credit (LIHTC)
Rental LIHTC projects have a significantly higher leverage ratio than other project types
Project Type
# Projects
AHP
Dev. Costs
Leverage
Rental - LIHTC
913
$341 million
$7.1 billion
1:20
Ownership
809
$178 million
$1.7 billion
1:9
Rental Non-LIHTC
556
$196 million
$1.4 billion
1:6

10. AHP Competitive Scale and Impact Rental LIHTC vs
AHP Competitive Scale and Impact Rental LIHTC vs. Rental Non-LIHTC,
Key Takeaway:
Since AHP’s inception, 62% of Atlanta’s AHP Competitive rental projects awarded are LIHTC
FHLBank Atlanta has awarded $340.6 million to LIHTC projects
Project Type
# Projects
# Units
AHP
Rental - LIHTC
913
59,468
$340.6 million
Rental Non-LIHTC
556
28,660
$195.6 million
Total
1,469
88,128
$536.3 million

11. FHLBank Atlanta Supportive Housing
Housing projects that include low- to moderate-income units reserved for individuals and families that are homeless, mentally or physically disabled, recovering from physical or substance abuse, or have HIV/AIDS.
Project: Moore Place, Charlotte, NC
Sponsor: Charlotte Center for Urban Ministry, Inc.
$1 million AHP award for supportive housing for homeless residents
AHP Rental Supportive Housing AHP Cumulative Impact

12. Supportive Housing Embedded in a Variety of AHP Transactions
Rental (Income Producing)
Types
LIHTC
Non-LIHTC multi-family
Mixed-use
Use of Funds
Acquisition
New construction and/ or rehabilitation
Development soft costs
Supportive Housing (Non Income Producing)
Social service residential facilities
Ownership Transactions
Down-payment assistance
Owner-occupied rehabilitation
Project: Williams Square Apartments, Durham, NC
AHP Investment: $160,000 (Direct Subsidy) / $316,000 AHP Advance
Total Development Cost: $2,242,861
24 Units of Supportive Housing
Project: New Hope, Winston-Salem, NC
AHP Investment: $150,000
Total Development Cost: $1,499,021
10 Units of Supporting Housing

13. Scale of AHP Supportive Housing Projects, 1990-2016NC
15% (178)
15% of the 1,178:
AHP Projects awarded with Supportive Housing are located in North Carolina

14. % Total Projects With Supportive Housing
Supportive Housing Rental LIHTC vs. Rental Non-LIHTC,
Project Type
Total # Projects
# Projects With
Supportive Housing
% Total Projects With Supportive Housing
Rental - LIHTC
913
475
52%
Rental Non-LIHTC
556
402
72%
Total
1,469
877
60%

15. % Total Projects With Supportive Housing
Supportive Housing Rental LIHTC vs. Rental Non-LIHTC,
Over the last five years, 48.8% of all rental projects awarded include supportive housing units
Project Type
Total # Projects
# Projects With
Supportive Housing
% Total Projects With Supportive Housing
Rental - LIHTC
169 60
36%
Rental Non-LIHTC 75 59
79%
Total
244
119
48.8%

16. Rental Example Supportive Housing, New Construction
Sanford, NC - 29 Very Low-income Units
Construction Sources and Uses
Total Costs
AHP
Member
Other Sources
Acquisition
$100,000
Construction
$1,464,367
$350,000
$198
$1,114,169
Soft Costs
$193,717
$74,170
$119,547
Other Costs
$103,000
Total Construction Budget
$1,861,084
$277,368
$1,233,716
(10A04016)

17. Rental Example Supportive Housing for Homeless, New Construction
Charlotte, NC - 85 Very Low-income Units
Permanent Sources and Uses
Total Costs
AHP
Member
Other Sources
Acquisition
$169,833
Construction
$4,357,300
$1,000,000
$61,600
$3,295,700
Soft Costs
$1,243,565
$469,098
$774,467
Other Costs
$469,302
Total Development Budget
$6,240,000
$4,240,000
(10A04016)

18. Contact Us For More Information
Rental Team
Joel Brockmann
Rental Production Manager
James Monaghan
Glenn Stewart
Clarissa Weaver
Richard Mauney
Contact Us:
, option 3, option 1, option 3
Visit our website at

19. Thank You