Community Investment Services

FHLBank Atlanta

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• Shareholder/customer dynamic

• Have not experienced a credit loss in 75 years

• Annual reinvestment of at least 10 percent of net income into affordable housing

Characteristics of FHLBank Atlanta as a Cooperative

Members FHLBankStock

Advances

CommunityDividend

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• FHLBank Atlanta views the 10 percent income allocation as our community dividend

• Like every other dividend, this community dividend is predicated upon the positive financial performance of FHLBank Atlanta

The Community Dividend

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AHPCommunity

Dividend

Community

FinancialInstitution

FHLBank

CommunityGrows

Developer requests funds for affordable dousing

development

Member institution applies for funds from

FHLBank Atlanta

FHLBank Atlantaapproves funding

on competitive basis

Funds are invested in the community

How We Grow Communities

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Stimulated Growthin local communities by providing

products that revitalize neighborhoods, create jobs, and support economic development

$377 Million through FHLBank Atlanta’s

Affordable Housing Program to support more than

61,000 housing unitsSince 1990

$6 Billionin “subordinate, equity-like”

capital has been awarded

Our Successful Mission

FHLBanks

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AffordableHousingProgram(AHP)

CommunityInvestmentProgram(CIP)

First-timeHomebuyerProgram(FHP)

EconomicDevelopment

Program(EDP)

Community Investment Initiatives

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Affordable Housing Program (AHP)

• Funding to create rental and homeownership opportunities for moderate-, low- and very low-income households

• Beneficiaries― Residents at or below 80 percent of Area Median Income (AMI)

• Competitive Application Process

• Uses

– New construction or rehabilitation – Acquisition– Permanent financing – Down payment and closing cost assistance

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Enhancements for AHP 2009-2010

Member Financial Participation

Foreclosure Prevention

Project Readiness Improve member and sponsor customer service levels and expedite funding of projects

Position AHP to assist in solving big problem in the district and the country – foreclosure crisis

Increase front-end analytical rigor and due diligence

Reward member financial commitment in AHP projects

Enhanced Analytical Environment

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Desired Outcome for AHP

More ReadyProjects

More ReadyProjects

Reduce Project

Modification

Reduce Project

Modification

ExpediteFunding

ExpediteFunding

Application requirements and process improvements

leading to higher levels of customer service

DecreaseProject

Extensions

DecreaseProject

Extensions

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First-time Homebuyer Program (FHP)

• Down payment and closing cost assistance– 5:1 Match (minimum borrower contribution of $500)– Maximum $10,000 per borrower– Registered members eligible for up to $1,000,000 per year– First-come, first-served

• Benefits homebuyers at or below 80 percent AMI

• Five year retention agreement

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Using FHP to Win First-Time Homebuyers

• FHP used by members to compete for highly sought-after new customers – Members marketed FHP as an incentive for customer to use member’s

mortgage products

• Proven results with members– During 2008, FHLBank Atlanta supported over $17MM to members’

First-Time Homebuyer lending activities, resulting in almost 2,000 member-originated first mortgages

• In 2009, nearly $10MM will support members’ customer acquisition campaigns– FHLBank Atlanta made significant changes to underwriting guidelines

to further responsible lending and customer service commitments

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…Every $1 of FHP generates $17 in new mortgage

business for our members

FHP (1997 – 2008)

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Community Investment Program (CIP)and Economic Development Program (EDP)

• Discounted advances (up to 10 basis points)

• Available year-round, simple application, no maximum amount

• Complements government programs

• One advance can fund multiple loans

• Discounted loans approaching $5 billion

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Webinars

Sponsorships

In-market workshops

Forums

Business Development and Relationship Management

Jackson Cosey

ShaDonte Dozier

Louis Freeman

800.536.9650 www.fhlbatl.com

How We Connect

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We are happy to help.

Do You Have Any Questions?