Free Daily Headlines

News

Set your text size: A A A

Habitat wins grant for Dodd Meadows homes

Henderson County Habitat for Humanity will receive a $150,000 grant from the Federal Home Loan Bank of Atlanta to help build 12 homes in its Dodd Meadows development in East Flat Rock, U.S. Senator Kay Hagan announced.

The grant will allow the nonprofit organization to build homes for families is 65 percent or less than the area median income.


"These grants will help ensure that residents in East Flat Rock have an affordable place to call home," Hagan said in a news release. "I'm pleased that our state has received this funding to help advance projects that will strengthen our communities and improve the quality of life for North Carolinians."

North Carolina is receiving five grants worth a total of $1.7 million through FHLBank Atlanta's Affordable Housing Program that seeks to revitalize neighborhoods, create jobs, and support economic development. The grant grants will create, improve or preserve 184 affordable rental and homeownership units.

FHLBank Atlanta is a cooperative bank that offers competitively priced financing, community development grants, and other banking services to help member financial institutions make affordable home mortgages and provide economic development credit to neighborhoods and communities.

Last month, Hagan introduced bipartisan legislation with eight of her Senate Banking Committee colleagues to modernize and reform the country's broken housing finance system. Hagan's proposal would strengthen our housing finance system, protect taxpayers and ensure access to affordable, long-term mortgages for qualified borrowers.