Market Overview

FHLBank Pittsburgh and PHFA Provide Progress Report on Home4Good Program


$4.5 Million Initiative Targets Homelessness in Pennsylvania

FHLBank Pittsburgh and the Pennsylvania Housing Finance Agency (PHFA)
announced today that 15 Continuum of Care (CoC) providers from across
the state have confirmed their participation in the Home4Good program.

Created by FHLBank Pittsburgh and administered by PHFA, Home4Good funds
Pennsylvania programs that help individuals who are homeless or are at
risk of homelessness. The goal is to reduce homelessness in the state.
This year, FHLBank Pittsburgh provided $3 million toward the effort and
PHFA provided $1.5 million, for a total contribution of $4.5 million.

"FHLBank is extremely pleased to partner with PHFA on this program,"
said Winthrop Watson, FHLBank's President and Chief Executive Officer.
"The program is flexible and will focus on innovative initiatives to
combat homelessness."

Home4Good funding will be distributed as grants to organizations that
help individuals retain or find housing, provide supportive services to
those facing homelessness or address other unmet needs within the
existing homeless provider network. Service providers seeking funding
should apply through one of the 15 participating CoC organizations, or
directly to PHFA in the event there is not a participating CoC in their
local area. CoC providers will review and prioritize incoming
applications for funding consideration by FHLBank and PHFA. A list of
participating Pennsylvania CoCs is available at

Many organizations qualify to apply for funding, including local
governments, nonprofits, housing authorities and others. Successful
Home4Good applicants will offer programs that prevent or reduce
homelessness, collaborate with others to address established goals and
have a track record of success. The revised deadline for groups to apply
for 2018 funding under the Home4Good initiative is Sept. 28.

"There are many effective programs across the state that have already
successfully helped people find or stay in homes," said PHFA Executive
Director and CEO Brian A. Hudson Sr. "This collaboration with FHLBank
Pittsburgh seeks to financially support those efforts so that
organizations can do even more to tackle this issue."

Information about Home4Good is available at,
and at
at the bottom of the homepage, under "Resources." Interested
organizations can also contact John Bendel at
or Bryce Maretzki at
for details.

About FHLBank Pittsburgh

As an intermediary between global capital markets and local lenders,
FHLBank Pittsburgh provides readily available liquidity, as well as
affordable housing and community development opportunities, to member
financial institutions of all sizes in Delaware, Pennsylvania and West
Virginia. The Bank is part of the Federal Home Loan Bank System, which
was established by Congress in 1932 and serves as a reliable source of
funds for housing, jobs and growth in all economic cycles. To learn
more, visit

About PHFA

The Pennsylvania Housing Finance Agency works to provide affordable
homeownership and rental housing options for older adults, low- and
moderate-income families, and people with special housing needs. Through
its carefully managed mortgage programs and investments in multifamily
housing developments, PHFA also promotes economic development across the
state. Since its creation by the legislature in 1972, it has generated
more than $13.9 billion of funding for more than 173,000 single-family
home mortgage loans, helped fund the construction of 134,507 rental
units, and saved the homes of more than 49,300 families from
foreclosure. PHFA programs and operations are funded primarily by the
sale of securities and from fees paid by program users, not by public
tax dollars. The agency is governed by a 14-member board.

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