Statement from Congresswoman Sewell on the Announcement that the Federal Home Loan Bank of Atlanta Has Awarded $1 Million to Build an Affordable Housing Development in Selma
Washington, DC—Today, Congresswoman Terri A. Sewell (D-AL) released the following statement in response to the announcement that the Federal Home Loan Bank of Atlanta has awarded a $1 million grant to an affordable housing development in Selma:
“I applaud the Federal Home Loan Bank of Atlanta for awarding the Woodbine Community Organization $1 million to develop housing development for low-income seniors in Selma. Having access to affordable housing is important for so many people across the 7th Congressional District. It is critically important that seniors in the Black Belt have access to clean, safe and affordable housing, and this new development will be a vital component of ensuring that,” said Rep. Sewell.
The grant was awarded through the Federal Home Loan Bank of Atlanta’s Affordable Housing Program (AHP). The Bank has committed $4.9 million in low-cost funds to support community economic and affordable housing initiatives in Alabama. The Woodbine Community Organization, a non-profit organization that specializes in housing solutions, financial counseling and community revitalization, will use the funds for the Hallmark Selma project, which will be a 56-unit development targeted to low-income seniors in Selma, AL.
Contact: Allison Abney; (202) 225-2665; Allison.email@example.com