ATLANTA, Oct. 06, 2022 (GLOBE NEWSWIRE) — Federal Residence Mortgage Financial institution of Atlanta (FHLBank Atlanta) at this time joined with metropolis leaders from Tifton, Ga. and different stakeholders together with banks, credit score unions, housing counselors, faith-based entities, private and non-private colleges, builders, realtors, native media, and different organizations to host an occasion to construct consciousness and help for the Tifton Monetary Literacy Initiative. The lunch occasion was held on the Leroy Rogers Senior Heart in Tifton and featured remarks from Mayor Julie Smith, FHLBank Atlanta Director of Neighborhood Funding Companies, Arthur Fleming, Chief Government Officer and Government Director of the Georgia Municipal Affiliation, Larry Hanson, and Director of Enterprise Studying for Cash Administration Worldwide, Tara Alderete.
“The monetary well being of our neighborhood impacts all of us, and having the suitable companions on the desk is essential to the success of this initiative and for our residents,” stated Mayor Smith. “Taking good care of our residents and the industries in Tifton is essential to the success of our metropolis.”
The aim of the Tifton Monetary Literacy Initiative is to assist remedy challenges associated to poverty, low homeownership charges, and different points by implementing a complete monetary literacy initiative via which each resident of Tifton can take part. The initiative enhances Launch Tifton, town’s plan to create and promote housing choices for residents. Tifton is on the crossroads of central Georgia with a inhabitants of simply over 17,000 residents. Practically 60 p.c of housing models in Tifton are rental properties and virtually 30 p.c of the inhabitants lives beneath the poverty line.
Immediately’s occasion represented the preliminary step within the creation of the Tifton Monetary Literacy Coalition, which goals to determine a three-year plan to supply monetary literacy, property literacy, small enterprise literacy, and homeownership counseling and coaching to Tifton residents. The Coalition is projected to launch in January 2023.
“We’re grateful to Mayor Smith, the Georgia Municipal Affiliation, and Cash Administration Worldwide for partnering with us for this vital occasion to recruit extra stakeholders,” stated Mr. Fleming. “Working along with our members and different stakeholders who’ve a vested curiosity in selling better monetary and housing literacy, we hope to enhance the lives of hundreds of Tifton residents who will profit enormously from this initiative and the continuing work of the Tifton Monetary Coalition.”
About FHLBank Atlanta
FHLBank Atlanta gives competitively-priced financing, neighborhood improvement grants, and different banking companies to assist member monetary establishments make reasonably priced dwelling mortgages and supply financial improvement credit score to neighborhoods and communities. The Financial institution’s members—its shareholders and prospects—are industrial banks, credit score unions, financial savings establishments, neighborhood improvement monetary establishments, and insurance coverage corporations situated in Alabama, Florida, Georgia, Maryland, North Carolina, South Carolina, Virginia, and the District of Columbia. FHLBank Atlanta is considered one of 11 district Banks within the Federal Residence Mortgage Financial institution System. Since 1990, the FHLBanks have awarded roughly $7.three billion in Inexpensive Housing Program funds, helping a couple of million households.
For extra info, go to our web site at www.fhlbatl.com.
CONTACT: Peter E. Garuccio
Federal Residence Mortgage Financial institution of Atlanta
pgaruccio@fhlbatl.com
404.888.8143