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Cost of Funds
Index |
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July 2010
1.753%
Announced August 31, 2010
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Real Life
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Highlights |
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Bank Awards $1 Million in AHEAD Program Grants
The 2010 AHEAD grants will give a critical, early boost to 40 innovative economic development, financial literacy, and affordable housing projects benefiting low- and moderate-income individuals, families, and communities.
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AHP Application Workshops: Register Today!
Register now for an upcoming 2010 Round B Workshop to learn the essentials of preparing a successful AHP application. Attend a half-day workshop in Arizona or California, or join us online for a webinar.
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Free Foreclosure Prevention Workshop in Tucson, AZ, September 13
Individual counseling sessions will be available to homeowners at risk of foreclosure at a free workshop on Monday, September 13, in Tucson, AZ. Register online today or call Don’t Borrow Trouble® Pima County at (520) 792-3087.
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Affordable Housing Program Honored by National Housing Conference
Each year, the NHC recognizes the work of those who meet the nation’s housing needs with its “Housing Person of the Year” award. This year, the award was presented to the Banks’ AHP. View the video produced for the NHC event, “Housing’s New Era,” featuring AHP projects from all 12 Banks and commentary from new NHC President and CEO, Maureen Friar.
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2010 AHP: $32.5 Million Awarded in AHP Round A
The Bank awarded $32.5 million in Round A 2010. The funds will support 60 projects, generating 3,375 units of affordable housing in Arizona, California, Illinois, Nevada, Oklahoma, Texas, and Washington.
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Bank Awards $14.6 Million to Help Lower-Income Homebuyers
IDEA and WISH Program matching grants will help individuals and families in Arizona, California, Nevada, and other states served by the Bank’s member financial institutions become first-time homeowners.
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Bank's Standby Letters of Credit Support a Wide Variety of Tax-Exempt Bond Projects
The Bank announced that it has issued, on behalf of member financial institutions, 13 Standby Letters of Credit (LOCs), totaling $167 million, to support non-housing related tax-exempt bond issuances for public-purpose and industrial development projects.
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Combined Bank and FHA Programs Expand Homeownership Opportunities for Lower-Income Families
The Bank's WISH and IDEA matching grant first-time homebuyer programs can be used in conjunction with the FHA Streamlined 203(k) rehabilitation program to purchase and rehabilitate affordable homes.
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