The Federal Home Loan Bank of Atlanta is making $8 million available in grant funding for a new program to help close funding gaps for affordable multifamily rental housing projects. The Multifamily Housing Bridge Fund (Bridge Fund) will offer up to $500,000 per project to member financial institutions and their community housing partners, with applications opening on November 8, 2023 and a deadline of 11:59 p.m. EST on November 22, 2023. Eligible projects must be at least fifty percent complete and targeted to households earning up to 120 percent of the area median income, located in the Bank's district (Alabama, Florida
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