By Nick Gilbert
The Federal Home Loan Bank of Cincinnati volunteers journeyed to Antioch, Tennessee, to help construct a home with Habitat for Humanity of Greater Nashville.
Since 1994, the bank has chosen one location each year from its service area of Tennessee, Ohio and Kentucky, to help build affordable home in support of its Affordable Housing Program (AHP).
FHLBank volunteers are building the home for Nashville native Dayna West as well as her two children. The FHLBank's AHP funded part of the development. The grant was awarded in 2010 to Pinnacle National Bank, a member of FHLBank, and Habitat of Greater Nashville to help develop 40 homes in Davidson County. Pinnacle National Bank employees have joined FHLBank employees to build the Nashville home. FHLBank and Pinnacle have collaborated on grants of $3.4 million to help build over 270 Habitat homes in the Nashville region.
Employees from the Tennessee Housing Development Agency as well as other Tennessee Habitat subsidiaries have also joined the FHLBank and Pinnacle employees to build the new home for Dayna West.
This week, the FHLBank took part in the national Home Builders Blitz Build of Habitat for Humanity International with a goal of constructing 250 homes nationwide. The goal of Habitat for Humanity of Tennessee was to complete 40 homes statewide from June 1 to June 8. Since 1990, the FHLBank has granted over $447 million through the AHP to help build over 59,000 affordable housing units.