“Home4Good”, Federal Home Loan Bank’s $4.5M Initiative to Assist Ending Homelessness

The Federal Home Loan Bank Pittsburgh has announced a new funding opportunity for Homeless Service Providers throughout the State of Pennsylvania in a collaborative effort with the Pennsylvania Housing and Finance Agency. The $4.5 Million initiative, labeled "Home4Good" will provide much needed funding for homelessness projects that prevent homelessness, solicit innovative solutions to end homelessness, and address critical needs throughout the Commonwealth.

The highlight of this grant is that the eligible uses for the funding are very flexible unlike other State or Federal resources that may have tighter regulations. This will allow for organizations fill gaps in assistance needs that other funding sources cant cover such as transportation assistance, recovery support, and employment assistance.

To be considered for funding, a service organization must submit a proposal to their Continuum of Care (CoC) using the Home4Good Application. The CoC will review and summarize the project submissions and rank them accordingly based on strength of the proposal and needs in the community. A packet of ranked proposals will be submitted to PHFA and FHLB Pittsburgh for review and will select the awarded recipients. It is important to note that if a CoC wishes to apply for this funding they will need to have a FHLB Pittsbugh Member Institution as a Co-applicant.

To learn more about this initiative, FHLB Pittsburgh will be hosting two informational webinars on June 21 (10 a.m.) and July 9 (2 p.m.). If you are interested in joining, please contact Bryce Maretzki at PHFA at bmaretzki@phfa.org.

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