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  • Comment Detail

  • Date: 12/12/14
    First Name: Lisa
    Last Name: Badia
    Organization: Greater Wheeling Coalition for the Homeless
    City: N/A
    State: N/A
    Attachment: View Attachment
    Number: RIN-2590-AA39

  • Comment

    The financial support and assistance provided by FHLBank of Pittsburgh, through the Affordable Housing Program, was a key component in the recent rehabilitation of our Gertrude Flats Apartments, which provide 18 beds of permanent supportive housing for homeless people with disabilities. This program recently won the 2014 Audrey Nelson Award in recognition of the broad level of community support used to assist people with an extremely low income.

    From what we understand, this rule will make membership in the FHLBank less attractive to banks and credit unions, since continued access to FHLBank funding will be contingent on new ongoing asset tests.