{"id":959863,"date":"2026-05-07T09:21:20","date_gmt":"2026-05-07T13:21:20","guid":{"rendered":"https:\/\/www.marketnewsdesk.com\/index.php\/federal-home-loan-bank-of-atlanta-atlantic-union-bank-and-jubilee-housing-celebrate-groundbreaking-of-affordable-housing-community-in-washington-d-c\/"},"modified":"2026-05-07T09:21:20","modified_gmt":"2026-05-07T13:21:20","slug":"federal-home-loan-bank-of-atlanta-atlantic-union-bank-and-jubilee-housing-celebrate-groundbreaking-of-affordable-housing-community-in-washington-d-c","status":"publish","type":"post","link":"https:\/\/www.marketnewsdesk.com\/index.php\/federal-home-loan-bank-of-atlanta-atlantic-union-bank-and-jubilee-housing-celebrate-groundbreaking-of-affordable-housing-community-in-washington-d-c\/","title":{"rendered":"Federal Home Loan Bank of Atlanta, Atlantic Union Bank and Jubilee Housing Celebrate Groundbreaking of Affordable Housing Community in Washington D.C."},"content":{"rendered":"<div class=\"mw_release\">\n<p>ATLANTA, May  07, 2026  (GLOBE NEWSWIRE) &#8212; Federal Home Loan Bank of Atlanta (FHLBank Atlanta), Atlantic Union Bank, and Jubilee Housing are pleased to celebrate the groundbreaking\u00a0<strong>for six affordable multifamily rental developments in Washington, D.C. <\/strong><\/p>\n<p>Four of the developments received <strong>a total of $3.3 million in grants<\/strong> from FHLBank Atlanta\u2019s General Fund to put toward the rehabilitation of <strong>81 affordable rental units<\/strong>:<\/p>\n<ul type=\"disc\">\n<li>$925,300 grant for 23 rental units at The Sorrento on 2233 18<sup>th<\/sup> St NW<\/li>\n<li>$700,000 grant for 17 rental units at The Marietta on 2418 17th St NW<\/li>\n<li>$1,200,000 grant for 29 rental units at The Mozart on 1630 Fuller St NW<\/li>\n<li>$500,000 grant for 12 rental units at The Fuller on 1650 Fuller St NW\u00a0<\/li>\n<\/ul>\n<p>Jubilee Housing sponsored the application for the FHLBank Atlanta grant last year, and funds are being administered by Atlantic Union Bank, a member of FHLBank Atlanta.<\/p>\n<p>\u201cEach year, our member financial institutions partner with developers and community organizations to leverage our grant funding and expand the supply of affordable housing,\u201d said FHLBank Atlanta CEO Reggie O\u2019Shields. \u201cWe congratulate Jubilee Housing on this groundbreaking and applaud their commitment to creating a community where people have the opportunity to thrive.\u201d<\/p>\n<p>\u201cWe are grateful for our partnership with FHLBank Atlanta and Atlantic Union Bank, and for our shared commitment to developing and preserving deeply affordable housing here in the District,\u201d said Jim Knight, President and CEO of Jubilee Housing. \u201cSupport like this makes it possible to deliver not only deeply affordable housing, but also the wraparound services that are so crucial to our residents.\u201d<\/p>\n<p>\u201cAtlantic Union Bank is proud to partner with FHLBank Atlanta and Jubilee Housing to help bring these important developments to life,\u201d said Ren\u00e9 Shepperson, Commercial Real Estate Banker at Atlantic Union Bank. \u201cAccess to safe, affordable housing is foundational to strong communities, and these projects reflect the power of collaboration in preserving quality homes for District residents. We\u2019re honored to help administer this funding and support Jubilee\u2019s continued commitment to putting people first.\u201d<\/p>\n<p>Last year, FHLBank Atlanta provided more than $128 million in grants through its members to advance homeownership, expand affordable housing supply, and help families preserve home equity to build generational wealth. In 2026, FHLBank Atlanta is allocating $120 million through its housing programs, bringing its three-year total to more than $300 million for affordable housing and community development.<\/p>\n<p>\n        <strong>About Atlantic Union Bankshares <\/strong><br \/>\n        <br \/>Headquartered in Richmond, Virginia, Atlantic Union Bankshares Corporation (NYSE: AUB) is the holding company for Atlantic Union Bank. Atlantic Union Bank has branches and ATMs located in Virginia, Maryland and North Carolina and Washington D.C. Certain non-bank financial services affiliates of Atlantic Union Bank include: Atlantic Union Equipment Finance, Inc., which provides equipment financing; Atlantic Union Financial Consultants, LLC, which provides brokerage services; and Union Insurance Group, LLC, which offers various lines of insurance products.<\/p>\n<p>\n        <strong>About Jubilee Housing<\/strong><br \/>\n        <br \/>Jubilee Housing builds strong, compassionate communities where everyone has the chance to thrive. Through what we call Justice Housing\u00ae, we create deeply affordable homes paired with on-site and nearby support services, in neighborhoods with access to good schools, transit, groceries, and jobs. Together, we\u2019re building more than just housing, we\u2019re creating pathways to opportunity. Learn more at <a href=\"https:\/\/www.globenewswire.com\/Tracker?data=JvxaHllSvPt9nEz3AsMX0X9VRWM3ejvms_HSe6w31dRflAb8OiAPcN9VPKfTnCNVh6AqPBM_oFwy1iISyENImlM5qdmM4DxoMyKTqJoMiX4=\" rel=\"nofollow\" target=\"_blank\">jubileehousing.org<\/a>.\u00a0<\/p>\n<p>\n        <strong>About Federal Home Loan Bank of Atlanta<\/strong><br \/>\n        <br \/>FHLBank Atlanta offers competitively-priced financing, community development grants, and other banking services to help member financial institutions make affordable home mortgages and provide economic development credit to neighborhoods and communities. The Bank\u2019s members are commercial banks, credit unions, savings institutions, community development financial institutions, and insurance companies located in Alabama, Florida, Georgia, Maryland, North Carolina, South Carolina, Virginia, and the District of Columbia. FHLBank Atlanta is one of 11 district Banks in the Federal Home Loan Bank System. For more information, visit our website at\u00a0<a href=\"https:\/\/www.globenewswire.com\/Tracker?data=Mxu49IWywn04tXvLoven7xu2lGWjUUGgZ4xhv6XRnfN6wEiW68f4046f4oVQuqrs2IbBW7Q1pTUsEwu2Zd67UpquITVTmQgCEsHwM23eP4c=\" rel=\"nofollow\" target=\"_blank\">www.fhlbatl.com<\/a>.<\/p>\n<p>\n        <strong>Media Contact:<\/strong><br \/>\n        <br \/>Sheryl Touchton<br \/>stouchton@fhlbatl.com<\/p>\n<p>      <img decoding=\"async\" alt=\"\" class=\"__GNW8366DE3E__IMG\" src=\"https:\/\/www.globenewswire.com\/newsroom\/ti?nf=OTcxNTUxMiM3NTkwMDkwIzIwMjA0MjI=\" \/><br \/>\n      <br \/>\n      <img decoding=\"async\" alt=\"\" src=\"https:\/\/ml.globenewswire.com\/media\/MjFmZTQ3NjktZGM5MS00OWUzLWI4MDctMTBiOTczYmMwYzFjLTEwMzIyODktMjAyNi0wNS0wNy1lbg==\/tiny\/Federal-Home-Loan-Bank-of-Atla.png\" \/>\n    <\/div>\n<div class=\"mw_contactinfo\"><\/div>\n","protected":false},"excerpt":{"rendered":"<p>ATLANTA, May 07, 2026 (GLOBE NEWSWIRE) &#8212; Federal Home Loan Bank of Atlanta (FHLBank Atlanta), Atlantic Union Bank, and Jubilee Housing are pleased to celebrate the groundbreaking\u00a0for six affordable multifamily rental developments in Washington, D.C. Four of the developments received a total of $3.3 million in grants from FHLBank Atlanta\u2019s General Fund to put toward the rehabilitation of 81 affordable rental units: $925,300 grant for 23 rental units at The Sorrento on 2233 18th St NW $700,000 grant for 17 rental units at The Marietta on 2418 17th St NW $1,200,000 grant for 29 rental units at The Mozart on 1630 Fuller St NW $500,000 grant for 12 rental units at The Fuller on 1650 Fuller St NW\u00a0 Jubilee Housing &hellip; <\/p>\n<p class=\"link-more\"><a href=\"https:\/\/www.marketnewsdesk.com\/index.php\/federal-home-loan-bank-of-atlanta-atlantic-union-bank-and-jubilee-housing-celebrate-groundbreaking-of-affordable-housing-community-in-washington-d-c\/\" class=\"more-link\">Continue reading<span class=\"screen-reader-text\"> &#8220;Federal Home Loan Bank of Atlanta, Atlantic Union Bank and Jubilee Housing Celebrate Groundbreaking of Affordable Housing Community in Washington D.C.&#8221;<\/span><\/a><\/p>\n","protected":false},"author":2,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[],"tags":[],"class_list":["post-959863","post","type-post","status-publish","format-standard","hentry"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v27.5 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>Federal Home Loan Bank of Atlanta, Atlantic Union Bank and Jubilee Housing Celebrate Groundbreaking of Affordable Housing Community in Washington D.C. - Market Newsdesk<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.marketnewsdesk.com\/index.php\/federal-home-loan-bank-of-atlanta-atlantic-union-bank-and-jubilee-housing-celebrate-groundbreaking-of-affordable-housing-community-in-washington-d-c\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Federal Home Loan Bank of Atlanta, Atlantic Union Bank and Jubilee Housing Celebrate Groundbreaking of Affordable Housing Community in Washington D.C. - Market Newsdesk\" \/>\n<meta property=\"og:description\" content=\"ATLANTA, May 07, 2026 (GLOBE NEWSWIRE) &#8212; Federal Home Loan Bank of Atlanta (FHLBank Atlanta), Atlantic Union Bank, and Jubilee Housing are pleased to celebrate the groundbreaking\u00a0for six affordable multifamily rental developments in Washington, D.C. Four of the developments received a total of $3.3 million in grants from FHLBank Atlanta\u2019s General Fund to put toward the rehabilitation of 81 affordable rental units: $925,300 grant for 23 rental units at The Sorrento on 2233 18th St NW $700,000 grant for 17 rental units at The Marietta on 2418 17th St NW $1,200,000 grant for 29 rental units at The Mozart on 1630 Fuller St NW $500,000 grant for 12 rental units at The Fuller on 1650 Fuller St NW\u00a0 Jubilee Housing &hellip; Continue reading &quot;Federal Home Loan Bank of Atlanta, Atlantic Union Bank and Jubilee Housing Celebrate Groundbreaking of Affordable Housing Community in Washington D.C.&quot;\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.marketnewsdesk.com\/index.php\/federal-home-loan-bank-of-atlanta-atlantic-union-bank-and-jubilee-housing-celebrate-groundbreaking-of-affordable-housing-community-in-washington-d-c\/\" \/>\n<meta property=\"og:site_name\" content=\"Market Newsdesk\" \/>\n<meta property=\"article:published_time\" content=\"2026-05-07T13:21:20+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/www.globenewswire.com\/newsroom\/ti?nf=OTcxNTUxMiM3NTkwMDkwIzIwMjA0MjI=\" \/>\n<meta name=\"author\" content=\"Newsdesk\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"Newsdesk\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"3 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\\\/\\\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/federal-home-loan-bank-of-atlanta-atlantic-union-bank-and-jubilee-housing-celebrate-groundbreaking-of-affordable-housing-community-in-washington-d-c\\\/#article\",\"isPartOf\":{\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/federal-home-loan-bank-of-atlanta-atlantic-union-bank-and-jubilee-housing-celebrate-groundbreaking-of-affordable-housing-community-in-washington-d-c\\\/\"},\"author\":{\"name\":\"Newsdesk\",\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/#\\\/schema\\\/person\\\/482f27a394d4fda80ecb5499e519d979\"},\"headline\":\"Federal Home Loan Bank of Atlanta, Atlantic Union Bank and Jubilee Housing Celebrate Groundbreaking of Affordable Housing Community in Washington D.C.\",\"datePublished\":\"2026-05-07T13:21:20+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/federal-home-loan-bank-of-atlanta-atlantic-union-bank-and-jubilee-housing-celebrate-groundbreaking-of-affordable-housing-community-in-washington-d-c\\\/\"},\"wordCount\":643,\"image\":{\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/federal-home-loan-bank-of-atlanta-atlantic-union-bank-and-jubilee-housing-celebrate-groundbreaking-of-affordable-housing-community-in-washington-d-c\\\/#primaryimage\"},\"thumbnailUrl\":\"https:\\\/\\\/www.globenewswire.com\\\/newsroom\\\/ti?nf=OTcxNTUxMiM3NTkwMDkwIzIwMjA0MjI=\",\"inLanguage\":\"en-US\"},{\"@type\":\"WebPage\",\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/federal-home-loan-bank-of-atlanta-atlantic-union-bank-and-jubilee-housing-celebrate-groundbreaking-of-affordable-housing-community-in-washington-d-c\\\/\",\"url\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/federal-home-loan-bank-of-atlanta-atlantic-union-bank-and-jubilee-housing-celebrate-groundbreaking-of-affordable-housing-community-in-washington-d-c\\\/\",\"name\":\"Federal Home Loan Bank of Atlanta, Atlantic Union Bank and Jubilee Housing Celebrate Groundbreaking of Affordable Housing Community in Washington D.C. - 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Market Newsdesk","robots":{"index":"index","follow":"follow","max-snippet":"max-snippet:-1","max-image-preview":"max-image-preview:large","max-video-preview":"max-video-preview:-1"},"canonical":"https:\/\/www.marketnewsdesk.com\/index.php\/federal-home-loan-bank-of-atlanta-atlantic-union-bank-and-jubilee-housing-celebrate-groundbreaking-of-affordable-housing-community-in-washington-d-c\/","og_locale":"en_US","og_type":"article","og_title":"Federal Home Loan Bank of Atlanta, Atlantic Union Bank and Jubilee Housing Celebrate Groundbreaking of Affordable Housing Community in Washington D.C. - Market Newsdesk","og_description":"ATLANTA, May 07, 2026 (GLOBE NEWSWIRE) &#8212; Federal Home Loan Bank of Atlanta (FHLBank Atlanta), Atlantic Union Bank, and Jubilee Housing are pleased to celebrate the groundbreaking\u00a0for six affordable multifamily rental developments in Washington, D.C. Four of the developments received a total of $3.3 million in grants from FHLBank Atlanta\u2019s General Fund to put toward the rehabilitation of 81 affordable rental units: $925,300 grant for 23 rental units at The Sorrento on 2233 18th St NW $700,000 grant for 17 rental units at The Marietta on 2418 17th St NW $1,200,000 grant for 29 rental units at The Mozart on 1630 Fuller St NW $500,000 grant for 12 rental units at The Fuller on 1650 Fuller St NW\u00a0 Jubilee Housing &hellip; Continue reading \"Federal Home Loan Bank of Atlanta, Atlantic Union Bank and Jubilee Housing Celebrate Groundbreaking of Affordable Housing Community in Washington D.C.\"","og_url":"https:\/\/www.marketnewsdesk.com\/index.php\/federal-home-loan-bank-of-atlanta-atlantic-union-bank-and-jubilee-housing-celebrate-groundbreaking-of-affordable-housing-community-in-washington-d-c\/","og_site_name":"Market Newsdesk","article_published_time":"2026-05-07T13:21:20+00:00","og_image":[{"url":"https:\/\/www.globenewswire.com\/newsroom\/ti?nf=OTcxNTUxMiM3NTkwMDkwIzIwMjA0MjI=","type":"","width":"","height":""}],"author":"Newsdesk","twitter_card":"summary_large_image","twitter_misc":{"Written by":"Newsdesk","Est. reading time":"3 minutes"},"schema":{"@context":"https:\/\/schema.org","@graph":[{"@type":"Article","@id":"https:\/\/www.marketnewsdesk.com\/index.php\/federal-home-loan-bank-of-atlanta-atlantic-union-bank-and-jubilee-housing-celebrate-groundbreaking-of-affordable-housing-community-in-washington-d-c\/#article","isPartOf":{"@id":"https:\/\/www.marketnewsdesk.com\/index.php\/federal-home-loan-bank-of-atlanta-atlantic-union-bank-and-jubilee-housing-celebrate-groundbreaking-of-affordable-housing-community-in-washington-d-c\/"},"author":{"name":"Newsdesk","@id":"https:\/\/www.marketnewsdesk.com\/#\/schema\/person\/482f27a394d4fda80ecb5499e519d979"},"headline":"Federal Home Loan Bank of Atlanta, Atlantic Union Bank and Jubilee Housing Celebrate Groundbreaking of Affordable Housing Community in Washington D.C.","datePublished":"2026-05-07T13:21:20+00:00","mainEntityOfPage":{"@id":"https:\/\/www.marketnewsdesk.com\/index.php\/federal-home-loan-bank-of-atlanta-atlantic-union-bank-and-jubilee-housing-celebrate-groundbreaking-of-affordable-housing-community-in-washington-d-c\/"},"wordCount":643,"image":{"@id":"https:\/\/www.marketnewsdesk.com\/index.php\/federal-home-loan-bank-of-atlanta-atlantic-union-bank-and-jubilee-housing-celebrate-groundbreaking-of-affordable-housing-community-in-washington-d-c\/#primaryimage"},"thumbnailUrl":"https:\/\/www.globenewswire.com\/newsroom\/ti?nf=OTcxNTUxMiM3NTkwMDkwIzIwMjA0MjI=","inLanguage":"en-US"},{"@type":"WebPage","@id":"https:\/\/www.marketnewsdesk.com\/index.php\/federal-home-loan-bank-of-atlanta-atlantic-union-bank-and-jubilee-housing-celebrate-groundbreaking-of-affordable-housing-community-in-washington-d-c\/","url":"https:\/\/www.marketnewsdesk.com\/index.php\/federal-home-loan-bank-of-atlanta-atlantic-union-bank-and-jubilee-housing-celebrate-groundbreaking-of-affordable-housing-community-in-washington-d-c\/","name":"Federal Home Loan Bank of Atlanta, Atlantic Union Bank and Jubilee Housing Celebrate Groundbreaking of Affordable Housing Community in Washington D.C. - 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