The Federal Home Loan Bank selects Blakely Commons for $500,000 AHP Grant

Blakely Commons, and proposed 64-home subdivision in Blakely, Georgia, was selected for a $500,000 Affordable Housing Program Grant. SunTrust Bank is the Member Bank and Hammond Development and RHA/Housing are co-sponsors. The grant represents a small part of the overall funding plan for Blakely Commons, which also includes Federal and Georgia housing credits and a conventional loan with a USDA 538 guarantee.