Residential real estate loan, financial concept : House model, coins, US dollar bag, white clock on a table, depicts home loan or borrowing money to buy / purchase a new home for first time homebuyer
Residential real estate loan, financial concept : House model, coins, US dollar bag, white clock on a table, depicts home loan or borrowing money to buy / purchase a new home for first time homebuyer

Federal Home Loan Bank of Atlanta seeks nominees for Affordable Housing Advisory Council

Credit union leaders have an opportunity to take action by applying for a seat with the Federal Home Loan Bank of Atlanta. The Bank is soliciting nominations from Alabama, Florida, North Carolina and Virginia for individuals to serve on the Bank’s Affordable Housing Advisory Council. Nominations are due by Sept. 25.

The Bank seeks nominees from a diverse range of for-profit or nonprofit organizations, and private, public, or quasi-public entities actively involved in affordable housing and/or economic development in the state of Alabama, Florida, North Carolina and Virginia. The Advisory Council meets quarterly to advise the Bank’s board of directors on ways in which the Bank can better carry out its housing finance and community lending mission, including, but not limited to, advice on the low- and moderate-income housing and community lending products, market conditions, and credit needs in the Bank’s district, and on the use of the Bank’s Affordable Housing Program products and services for these purposes.

Members of the Advisory Council receive a stipend for each quarterly meeting they attend and are reimbursed for travel, lodging, and meal expenses. Quarterly in-person meetings of the Advisory Council typically require one-and-a-half days.

Nominations for individuals from Alabama and Florida can be made by completing and returning the nomination for the specific state. Nominees also are asked to complete a nomination certification.

The Bank seeks nominees from a diverse range of for-profit or nonprofit organizations, and private, public, or quasi-public entities actively involved in affordable housing and/or economic development in these four states. The Advisory Council meets quarterly to advise the Bank’s board of directors on ways in which the Bank can better carry out its housing finance and community lending mission, including, but not limited to, advice on the low- and moderate-income housing and community lending products, market conditions, and credit needs in the Bank’s district, and on the use of the Bank’s Affordable Housing Program products and services for these purposes.

Members of the Advisory Council receive a stipend for each quarterly meeting they attend and are reimbursed for travel, lodging, and meal expenses. Quarterly in-person meetings of the Advisory Council typically require one-and-a-half days.

Appointments to the Advisory Council are for a one-, two-, or three-year term with a maximum of two consecutive terms. The Alabama, Florida, North Carolina, and Virginia appointees will serve an initial term beginning in January 2021. Previous Advisory Council members are eligible for nomination and appointment. The Bank encourages the consideration of diversity in nominating or soliciting nominees for positions on the Bank’s Advisory Council.

If you have questions about the Advisory Council or the nomination process, visit the Bank’s website or email Arthur Fleming, senior vice president and director of community investment services, at afleming@fhlbatl.com.

Written by
Cara Clark
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The League of Southeastern Credit Unions & Affiliates represents 342 credit unions in Alabama, Florida and Georgia, with a combined total of $118.63 billion in assets and more than 10.1 million members. LSCU & Affiliates provides legislative and regulatory advocacy; education and training; cooperative initiatives (including financial education outreach); public messaging; information services; and business solutions.

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