Which FHLB is Pittsburgh a part of?
the Federal Home Loan Bank System
FHLBank Pittsburgh is part of the Federal Home Loan Bank System, which was established by Congress in 1932 and serves as a reliable source of funds for housing, jobs and growth in all economic cycles.
What does the FHLB do?
The FHLBs’ mission is to provide reliable liquidity to its member institutions to support housing finance and community investment. While the FHLBs’ mission reflects a public purpose, all FHLBs are privately capi- talized and do not receive federal funding. The Federal Housing Finance Agency (FHFA) regulates the FHLBs.
Is Federal Home Loan Bank a government agency?
The Federal Home Loan Bank System was created by the Federal Home Loan Bank Act as a government sponsored enterprise to support mortgage lending and related community investment. Each FHLBank is a separate, government-chartered, member-owned corporation.
What is an AHP grant?
AHP Competitive grants helps members partner with local developers and community partners to develop or rehabilitate affordable rental and/or owner- ship housing. AHP Competitive grants may help members achieve their Community Reinvestment Act goals.
What is the FHLB rate?
FHLB Rate means a fixed rate of interest determined by Lender based upon the Amortizing Advance Rate offered by the Federal Home Loan Bank of New York for instruments having a term of five-year/five-year amortization (or for remaining amortization) most recently available on the day which is two (2) Business Days …
How many FHLBs are there?
The Federal Home Loan Bank system is made up of twelve Federal Home Loan Banks (FHLBs) that are government-sponsored enterprises involved in housing and community economic development.
What is AHP in affordable housing?
View All Glossary Definitions. A Federal Home Loan Bank (FHLB) program that provides competitive grants and subsidized loans through local bank members to support affordable housing deelopment. Use of funds is flexible and they can be used with many other programs.
Who are the members of FHLBank Pittsburgh?
Insurance companies, commercial banks, credit unions, community development financial institutions and thrifts are significant participants in the housing markets as lenders, investors and insurers. FHLBank Pittsburgh membership provides ready access to liquidity and other services that promote housing, community and economic development.
How to contact FHLBank Pittsburgh for affordable housing?
800-288-3400, ext. 4577, or [email protected] . What is the Affordable Housing Program? Members and sponsors/consultants must access AHP Online through FHLBank’s new secure website portal. Please contact us at 800-288-3400, option 2, if you need assistance.
What makes FHLBank Pittsburgh an equal opportunity employer?
It is the policy of FHLBank Pittsburgh to ensure equal employment opportunity (EEO) for all employees and applicants without regard to race, religion, color, sex, national origin, age, disability status, genetic information, veteran’s status, ancestry, sexual orientation or status as a parent as defined by applicable law.
Is there a FHL bank in West Virginia?
As an intermediary between global capital markets and local lenders, FHLBank Pittsburgh provides readily available liquidity, as well as affordable housing and community development opportunities, to members of all sizes in Delaware, Pennsylvania and West Virginia.