FHLBank Pittsburgh and PHFA Announce 2022 Home4Good Funding Awards
$1.9 million initiative targets homelessness in Pennsylvania
HARRISBURG, Pa., November 15, 2022 /PRNewswire/ — FHLBank Pittsburgh (FHLBank) and the Pennsylvania Housing Finance Agency (PHFA) today announced Home4Good 2022 funding for programs across the Commonwealth working to reduce homelessness. This year, the total combined contribution is $1.9 millionwith $900,000 of FHLBank and $1 million of the PHFA.
“FHLBank Pittsburgh is proud to partner with PHFA and our members to provide nearly $1 million to 30 programs to end homelessness Pennsylvania“said the President and CEO Winthrop Watson.
Home4Good was created by FHLBank and is administered by PHFA. The funding announced today will be distributed in the form of grants to organizations that help people maintain or find housing, provide homeless support services or meet other unmet needs within the existing network of homeless service providers.
Distribution of funding in most counties will be overseen by local continuum of care organizations. The list of funding recipients is available on the PHFA website.
“Now more than ever, funding is needed to support services that help people avoid and recover from homelessness,” said PHFA’s Managing Director and CEO. Robin Wiesman. “We are pleased to provide this funding, along with FHLBank Pittsburgh, to move more families and individuals into stable housing and hopefully better days ahead.”
Information about Home4Good is available at www.fhlb-pgh.com and www.phfa.org at the bottom of the homepage under “Resources”. Organizations interested in future participation in the program can contact Alexa Mascara at [email protected] Where Bryce Maretzki at [email protected] for more details.
About FHLBank Pittsburgh
FHLBank Pittsburgh provides reliable funding and liquidity to its member financial institutions, which include commercial and thrift banks, community development financial institutions, credit unions and insurance companies in Delaware, Pennsylvania and West Virginia. FHLBank products and resources help support community lending, housing, and economic development. As one of 11 federal home loan banks created by Congress, FHLBank has been an integral and trusted part of the financial system since 1932. To learn more, visit www.fhlb-pgh.com.
The Pennsylvania Housing Finance Agency works to provide affordable homeownership and rental housing options for seniors, low- and middle-income families, and people with special housing needs. Through its carefully managed mortgage programs and investments in multi-family housing developments, PHFA also promotes economic development throughout the state. Since its creation by the legislator in 1972, it has generated more than $16.7 billion the financing of more than 190,750 mortgage loans for single-family homes, made it possible to finance the construction of 141,492 rental units, distributed approximately $239 million to support local housing initiatives and saved the homes of over 50,660 families from foreclosure. PHFA’s programs and operations are funded primarily by the sale of securities and by fees paid by program users, not by public funds. The agency is governed by a 14-member board of directors.
SOURCE Pennsylvania Housing Finance Agency