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19 June 2015

Freedom's Path Augusta Awarded $825K Grant to Build Affordable Housing for Low-income Veterans

Freedom's Path, a housing program for veterans operated by Hope House Augusta, was awarded a $825,500 grant by the Federal Home Loan Bank of San Francisco (FHLBank San Francisco) to build affordable housing for low-income veterans.

The 2015 grants, which were announced at the U.S. Conference of Mayors annual meeting in San Francisco, are administered by the Affordable Housing Program (AHP). The AHP is a flexible source of gap funding for projects that create affordable housing for low-income and moderate-income families and individuals.

The grant awarded to Freedom's Path in Georgia will be used to re-purpose two historic buildings on the campus of the Charlie Norwood Department of Veterans Administration Medical Center to create affordable rental housing with supportive services for low-income veterans, including some with disabilities or formerly homeless. Previously used as a psychiatric hospital and a Catholic convent and school, the renovated Freedom's Path buildings will incorporate green and sustainable building materials and are designed to be LEED Silver certified.

All told, the FHLBank San Francisco awarded $44.7 million in Affordable Housing Program (AHP) grants in 2015.

The 2015 grants were awarded through 22 FHLBank San Francisco members to 64 projects that will construct or rehabilitate 4,187 units of housing affordable to lower-income individuals and families in Arizona, California, Florida, Georgia, Hawaii, Illinois, Maryland, Montana, Nevada, Oregon, Texas, and Washington.