Business

Federal Home Loan Bank of Atlanta, Atlantic Union Bank and Jubilee Housing Celebrate Groundbreaking of Affordable Housing Community in Washington D.C.

ATLANTA, May 07, 2026 (GLOBE NEWSWIRE) -- Federal Home Loan Bank of Atlanta (FHLBank Atlanta), Atlantic Union Bank, and Jubilee Housing are pleased to celebrate the groundbreaking for six affordable multifamily rental developments in Washington, D.C. Four of the developments received a total of $3.3 million in grants from FHLBank Atlanta’s General Fund to put toward the rehabilitation of 81 affordable rental units: $925,300 grant for 23 rental units at The Sorrento on 2233 18th St NW$700,000 gra

articleAtlantic Union Bankshares CorporationMay 7, 20263/company/atlantic-union-bankshares-corp/news/federal-home-loan-bank-of-atlanta-atlantic-union-bank-and-jubilee-housing-celebrate-groundbreaking-of-affordable-housing-community-in-washington-dc
Federal Home Loan Bank of Atlanta, Atlantic Union Bank and Jubilee Housing Celebrate Groundbreaking of Affordable Housing Community in Washington D.C.

About this update from Atlantic Union Bankshares Corporation

[{"type":"image","alt":"Federal Home Loan Bank of Atlanta","displaySize":"","headline":null,"caption":"Federal Home Loan Bank of Atlanta","className":"","disableSlideshowImg":false,"size":{"original":{"width":300,"height":171,"url":"https://media.zenfs.com/en/globenewswire.com/39068610cd636e5d2f2f3a5347653324"},"resized":{"url":"https://s.yimg.com/ny/api/res/1.2/ZNB2O2dIxmjfdqDzv6AdWQ--/YXBwaWQ9aGlnaGxhbmRlcjt3PTQyMDtoPTIzOQ--/https://media.zenfs.com/en/globenewswire.com/39068610cd636e5d2f2f3a5347653324","width":300,"height":171},"resize_sm":{"url":"https://s.yimg.com/ny/api/res/1.2/ZNB2O2dIxmjfdqDzv6AdWQ--/YXBwaWQ9aGlnaGxhbmRlcjt3PTQyMDtoPTIzOQ--/https://media.zenfs.com/en/globenewswire.com/39068610cd636e5d2f2f3a5347653324","width":300,"height":171}},"lazy":false},{"type":"text","content":"ATLANTA, May 07, 2026 (GLOBE NEWSWIRE) -- Federal Home Loan Bank of Atlanta (FHLBank Atlanta), Atlantic Union Bank, and Jubilee Housing are pleased to celebrate the groundbreaking for six affordable multifamily rental developments in Washington, D.C. ","length":255,"tagName":"p"},{"type":"text","content":"Four of the developments received a total of $3.3 million in grants from FHLBank Atlanta’s General Fund to put toward the rehabilitation of 81 affordable rental units:","length":167,"tagName":"p"},{"type":"list","items":[{"val":[{"type":"text","content":"$925,300 grant for 23 rental units at The Sorrento on 2233 18th St NW","length":69,"tagName":"p"}]},{"val":[{"type":"text","content":"$700,000 grant for 17 rental units at The Marietta on 2418 17th St NW","length":69,"tagName":"p"}]},{"val":[{"type":"text","content":"$1,200,000 grant for 29 rental units at The Mozart on 1630 Fuller St NW","length":71,"tagName":"p"}]},{"val":[{"type":"text","content":"$500,000 grant for 12 rental units at The Fuller on 1650 Fuller St NW","length":69,"tagName":"p"}]}],"tagName":"ul","bulletedList":true,"length":278,"olType":false},{"type":"text","content":"Jubilee Housing sponsored the application for the FHLBank Atlanta grant last year, and funds are being administered by Atlantic Union Bank, a member of FHLBank Atlanta.","length":168,"tagName":"p"},{"type":"text","content":"“Each year, our member financial institutions partner with developers and community organizations to leverage our grant funding and expand the supply of affordable housing,” said FHLBank Atlanta CEO Reggie O’S...

More updates from Atlantic Union Bankshares Corporation

Atlantic Union BankJubilee Housingaffordable housingATLANTAAtlantic Unionrental units