The amount is $3-million and includes a Frederick County project.
The Federal Home Loan Bank of Atlanta will be providing $3-million for affordable housing opportunities in Maryland. Senator Ben Cardin's office says in a statement that the bank will partner with Maryland community developers to build or repair 693 homes in the state.
"Every Marylander--every American--deserves a safe and affordable place to call home. Three-million dollars will go a long way forward toward revitalizing Maryland communities by expanding affordable housing an creating quality job opportunities," says Cardin in a statement. "I am proud to support investments like this, which reinforce the federal government's commitment to affordable housing."
One of the project is Seton Village in Emmitsburg. Other communities which will benefit are located in Baltimore City, Baltimore County, and Cecil County.
"The FHL Bank Atlanta's mission is to help communities create affordable housing opportunities for families that need assistance," says Wes McMullan, President and Chief Executive Officer, FHL Atlanta. "We are proud to partner with Maryland to address this important issue."