U.S. Rep. Ted Budd has announced that North Carolina’s 13th District was awarded $1.5 million that will support three affordable housing developments in the district.
The Federal Home Loan Bank of Atlanta (FHLBank Atlanta), one of the 11 district banks in the Federal Home Loan Bank System, awarded the grants after Budd sent a letter requesting consideration earlier this year, a news release stated.
“Helping people afford a place to live and raise their family is among my top priorities in Congress, and awards like this make a real difference for our community,” Budd said in a statement.
“I would like to thank FHLBank Atlanta for these grants and for their willingness to partner with these three communities to create more affordable housing.”
Community developers in the 13th District will partner with member financial institutions to build or repair three housing developments in Salisbury, Greensboro and Winston-Salem.
In total, the $1.5 million will support more than 150 rental units.