FHLBank Pittsburgh, Rep. Lisa Blunt Rochester, Delaware Officials Join in Announcing Affordable Housing Awards in Harrington and $66.7 Million in Newly Available Affordable Housing Funding
Summary
HARRINGTON, Del., April 04, 2024--(BUSINESS WIRE)--Today, the Federal Home Loan Bank of Pittsburgh (FHLBank) was joined alongside U.S. Rep. Lisa Blunt Rochester (D-Del.) FHLBank is a co-op whose members are able to leverage on demand liquidity and community products to support community partnerships that are fostering job growth, economic vitality and long-term stability in Harrington and across the country.Joining Rep. Blunt Rochester were Delaware State Housing Authority Director Cynthia Karnai; Duane E. Bivans, Mayor, City of Harrington; Karen McGrath, Sussex County Regional Director, U.S. Sen. Tom Carpers office; Andrew Dinsmore, Projects and Appropriations Director, U.S. Sen. Chris Coons office; Winthrop Watson, President and CEO, FHLBank; Katie Wilkinson, SVP Commercial Market Executive, Fulton Bank, N.A; Tyler Stetz, Business Development Officer, Community Bank Delaware; Paul Calistro, Executive Director, West End Neighborhood House; David Layfield, Principal, Green Street Housing; and representatives from a variety of public, private and community organizations.Thursdays event, held at Harrington Fire Company, followed a tour of the renovation underway at Diamond Court Apartments. ""I am thrilled to be here today to recognize the work underway to increase the supply of affordable housing in Harrington and highlight new funding opportunities," said Winthrop Watson, President and CEO, FHLBank. At Fulton Bank, we seek to change lives for the better by building strong customer relationships, providing significant community support and empowering more than 3,400 employees to do the same. The companys principals bring a combined 30 years of experience in real estate development across new construction, renovation, HUD, LIHTC, and USDA-RD projects in the Mid-Atlantic.