1. Community Investment Services FHLBank Atlanta

2. 2 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 Characteristics of FHLBank Atlanta as a Cooperative MembersFHLBank Stock Advances Community Dividend

3. 3 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 The Community Dividend

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

5. 5 Stimulated Growth in local communities by providing products that revitalize neighborhoods, create jobs, and support economic development $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 Our Successful Mission FHLBanks

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

7. 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. 8 Enhancements for AHP 2009-2010 Member Financial Participation Foreclosure Prevention Project Readiness Improve member and sponsor customer service levels and expedite funding of projects Position AHP to assist in solving big problem in the district and the country – foreclosure crisis Increase front-end analytical rigor and due diligence Reward member financial commitment in AHP projects Enhanced Analytical Environment

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

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

13. 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. 14 Webinars Sponsorships In-market workshops Forums Business Development and Relationship Management Jackson Cosey ShaDonte Dozier Louis Freeman 800.536.9650 www.fhlbatl.com How We Connect

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