Home loan

Federal Home Loan Bank of Atlanta Announces New Member of its Affordable Housing Advisory Council

ATLANTA, May 23, 2022 (GLOBE NEWSWIRE) — Federal Home Loan Bank of Atlanta (FHLBank Atlanta) today announced the appointment of a new member to its Affordable Housing Advisory Council (Board). The Board plays an important role in helping FHLBank Atlanta fulfill its community lending and affordable housing mission, and works closely with the Board of Directors and management to ensure that the community lending and financing needs of the housing communities in the Bank district are satisfied. There are 15 seats on the FHLBank Atlanta board.

New member:

Marc Kaufman is President and CEO of Neighborhood Impact Investment Fund (NIIF), a Baltimore-based community development financial institution (CDFI). Mr. Kaufman was recruited by the Mayor of Baltimore in 2018 to launch the NIIF to support community development and equitable growth in inner city neighborhoods. Mr. Kaufman has spent his career focusing on the connection between finance and public policy. As a Javits Scholar at Columbia University, he served on the staff of the U.S. Senate Committee on Banking, Housing, and Urban Affairs during the passage of the Riegle Neal Act of 1994, which created the Fund. CDFI. After 14 years in private finance, Mr. Kaufman served as Commissioner of Maryland’s Division of Financial Regulation and then Senior Advisor to the Under Secretary of the United States Department of Treasury. Prior to leading NIIF, Mr. Kaufman was President of City First Enterprises, the parent company of City First Bank, NA Mr. Kaufman’s accomplishments at NIIF include funding commitments of $24 million over the past three years and obtaining its CDFI certification. Mr. Kaufman holds a Bachelor of Arts in Economics and Political Science from Brown University, as well as a Masters of Public Administration and a Masters of Business Administration from Columbia University.

About the Affordable Housing Advisory Council
FHLBank Atlanta’s Affordable Housing Advisory Council includes 15 representatives from a diverse group of community and nonprofit organizations actively involved in providing or promoting low- and middle-income housing and community loans in the district of FHL Bank Atlanta. The Council provides advice to the FHLBank Atlanta Board of Directors on ways in which the Bank can improve the effectiveness of its housing finance and community lending mission.

About Federal Home Loan Bank of Atlanta
FHLBank Atlanta offers competitively priced financing, community development grants, and other banking services to help member financial institutions make affordable home loans and provide economic development credit to neighborhoods and communities. The Bank’s members – its shareholders and customers – are commercial banks, credit unions, thrift institutions, community development financial institutions and insurance companies located in Alabama, Florida, Georgia, Maryland, North Carolina, South Carolina, Virginia and the District of Columbia. . FHLBank Atlanta is one of 11 district banks in the Federal Home Loan Bank System. Since 1990, the FHLBanks have provided approximately $7 billion in Affordable Housing Program funds, helping more than 990,000 households.

For more information visit our website at www.fhlbatl.com.

CONTACT: Peter E. Garuccio
Federal Home Loan Bank of Atlanta
[email protected]
404.888.8143


main logo


Source link