For Second Year, Funding is Available to Address Homelessness in Pa.

Request for Proposals issued for $4.5 million from FHLBank Pittsburgh
and PHFA

PITTSBURGH–(BUSINESS WIRE)–FHLBank Pittsburgh and the Pennsylvania Housing Finance Agency (PHFA)
are partnering for a second year to fund programs across the state that
work to address homelessness. FHLBank Pittsburgh is providing $3 million
toward the effort, which is called Home4Good, and PHFA is providing $1.5
million, for a total contribution of $4.5 million in 2019.

“FHLBank is pleased to again partner with PHFA on this important
community program,” said John Bendel, FHLBank’s Senior Director of
Community Investment. “Home4Good’s flexibility and focus on innovative
initiatives continue to help Pennsylvania organizations assist
individuals who are homeless or at risk of homelessness.”

As in 2018, funding will be distributed as grants to organizations with
programs that help people retain or find housing, as well as those that
provide supportive services. Interested groups are advised to submit
proposals for Home4Good funding through a participating Continuum of
Care (CoC) organization in the state, or directly to PHFA in the event
there is not a participating CoC in their local area. All applicants
will be teamed with FHLBank member financial institutions to further
develop relationships that can help meet the service provider’s future
funding needs, which is a long-term benefit of Home4Good. CoC
organizations will then review and prioritize incoming proposals for
funding consideration by FHLBank Pittsburgh and PHFA.

“We were very pleased with the response last year and want to maintain
the positive momentum we’ve created,” said PHFA Executive Director and
CEO Brian A. Hudson Sr. “Homelessness represents a major challenge, but
by combining all our efforts we’re hoping to move more people into
housing.”

Many organizations qualify to apply for funding, including local
governments, nonprofits, housing authorities and others. Successful
Home4Good applicants will offer programs that prevent or reduce
homelessness, collaborate with others to address established housing
goals and have a track record of success. The deadline for service
providers to apply for 2019 funding is Aug. 30.

Interested organizations can participate in either of two Home4Good
informational webinars planned for May 22 at 10 a.m. and May 29 at 2
p.m. Additional information about Home4Good is available at www.fhlb-pgh.com,
and at www.phfa.org
at the bottom of the homepage, under “Resources.” Interested
organizations can also contact Kate Swanson at [email protected]
or Bryce Maretzki at [email protected]
for details.

About FHLBank Pittsburgh

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 member
financial institutions of all sizes in Delaware, Pennsylvania and West
Virginia. The Bank 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. To learn
more, visit www.fhlb-pgh.com.

About PHFA

The Pennsylvania Housing Finance Agency works to provide affordable
homeownership and rental housing options for older adults, low- and
moderate-income families, and people with special housing needs. Through
its carefully managed mortgage programs and investments in multifamily
housing developments, PHFA also promotes economic development across the
state. Since its creation by the legislature in 1972, it has generated
more than $14.2 billion of funding for more than 175,900 single-family
home mortgage loans, helped fund the construction of 134,507 rental
units, and saved the homes of nearly 49,690 families from foreclosure.
PHFA programs and operations are funded primarily by the sale of
securities and from fees paid by program users, not by public tax
dollars. The agency is governed by a 14-member board.

Contacts

Rich Stimel, FHLBank Pittsburgh
412-288-7351
[email protected]

Scott Elliott, PHFA
717-649-6522 (cell)
[email protected]

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