Market Overview

Nine Pennsylvania and West Virginia Communities Receive Grants to Promote Community Development


Nine Pennsylvania and West Virginia communities recently received grants
through FHLBank Pittsburgh's Blueprint Communities®
initiative, which helps local leaders create sustainable and thriving
neighborhoods. The grants, which total more than $220,000, will be used
to enhance area leadership, management and oversight capabilities to
support each community's five-year strategy for comprehensive community

"These grants are essential to helping Blueprint Communities build
capacity within their local organizations to achieve their long-term
community vision," said John Bendel, FHLBank's Senior Director of
Community Investment. This year marks the first time that
capacity-building grants have been awarded to Blueprint Community teams.

Six of the Blueprint Communities receiving grants are in Pennsylvania:
Allegheny-Clarion River Valley Blueprint Community, Clarion Blueprint
Community Inc., Curwensville Regional Development Corp., Juniata River
Blueprint Community, New Castle Blueprint Community and Reynoldsville
Blueprint Community. The other three communities are located in
West Virginia: Bluefield Blueprint Community, Princeton Renaissance
Project and Richwood Blueprint Community.

The Pennsylvania and West Virginia Blueprint Communities initiative and
related grants are funded by FHLBank Pittsburgh and administered through
the Pennsylvania Downtown Center to help revitalize local communities.
Developed and implemented by FHLBank Pittsburgh in 2005, the Blueprint
Communities initiative creates momentum for revitalizing older
communities and neighborhoods by building strong local leadership,
collaboration and development capacity; developing sound local and
regional planning skills; and encouraging coordinated investments in
targeted communities by public and private funders.

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

"Blueprint Communities" is a registered service mark of the Federal
Home Loan Bank of Pittsburgh.

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