google-site-verification: google5ae98130f18ad244.html

Tuesday, July 17, 2018
   
Text Size

Brunswick / Southeast GA News

Aug. 9 - Jesup Teen Challenge Awarded $500K Fed Grant for Housing Rehab

Category: Brunswick Area Breaking News

 

A Jesup faith-based recovery center for teens has received Federal Home Loan funds to rehabilitate existing living quarters at its local campus.

The $500,000 awarded to Jesup Teen Challenge is less than one-third of what will be need to rehab 60 living units, add 24 new unite and develop a central kitchen, dining and gathering space. The grant is earmarked for the rehabilitation portion of the project, with the remaining $1.2 million to come from other sources.

 

The grant is part of a $21.1 million nationwide allocation from the Federal Home Loan Bank of Atlanta to assist in the funding of 52 affordable housing projects in 15 states and the District of Columbia, as part of its 2013 Affordable Housing Program.

The projects represent more than $513 million in total housing development. For every $1 dollar in AHP funding, another $24 dollars of development was leveraged under the FHLBank Atlanta 2013 AHP.

Local for-profit and nonprofit developers, in partnership with FHLBank Atlanta member institutions, will use $14.6 million of the AHP funds to assist in the acquisition, new construction, rehabilitation, or
preservation of 2,926 affordable rental and homeownership housing units in 15 states and the District of Columbia. FHLBank Atlanta’s local partner bank for this project is Synovus Bank.

Teen Challenge was founded by the Rev. David Wilkerson in Brooklyn in 1958. Today, most of the centers offer a 12-18 month residential program for men, women, boys or girls.  These centers are designed to help individuals learn how to live drug-free lives. The programs are discipline-oriented and offer a balance of Bible classes, work assignments and recreation.

According to the Teen Challenge website, there are more than 200 Teen Challenge residential programs in the United States and Canada. The story of Teen Challenge is told in the book, “The Cross and the Switchblade.”

About Federal Home Loan Banks

The Federal Home Loan Banks are 12 U.S. government-sponsored banks that provide stable, on-demand, low-cost funding to American financial institutions (not individuals) for home mortgage loans, small business, rural, agricultural, and economic development lending. With their members, the FHLBanks represents the largest collective source of home mortgage and commu According to Wikipedia, "The Federal Home Loan Banks are 12 U.S. government-sponsored banks that provide stable, on-demand, low-cost funding to American financial institutions (not individuals) for home mortgage loans, small business, rural, agricultural, and economic development lending. With their members, the FHLBanks represents the largest collective source of home mortgage and community credit in the United States.

 

Overall Rating (0)

0 out of 5 stars

Leave your comments

Post comment as a guest

0 / 300 Character restriction
Your text should be in between 10-300 characters
Your comments are subjected to administrator's moderation.
terms and condition.
    • No comments found
    CLICK to receive NEWS ALERTS

    Follow Us!

    TwitterFacebook

    Komento Activities

    Guest - Lisa Porter-Grenn, M.D. - Commented on Jan. 8 – Judge Edenfield denie... in Joomla Article
    This is a qui tam law suit without sufficient merit. If Schaengold is so worried about hospital cost...
    Guest - Jack - Commented on Aug. 23 - Phelps on Politics -... in Joomla Article
    "Goose that laid the golden EYE? You're right, that is hard to argue with.
    Guest - JR Lee - Commented on MPC approves plan for new Walm... in Joomla Article
    Great, another complex to attract Savannah's finest entitlement minded individuals. Another complex ...
    Guest - Robin Sherman - Commented on Jan. 4 – COMMENTARY: New Year... in Joomla Article
    Excellent post, Ms. Phelps. Effective government can only occur when the public is informed. Transpa...
    Guest - Tao of Me - Commented on Why is Memorial Hospital Being... in Joomla Article
    They aren't telling Memorial employees anything about this. A recent survey of the facilities by Nic...
    Guest - Genie Brazzeal - Commented on Feb. 24 – Lawyer and former Al... in Joomla Article
    Thank you, Mr. Bordeaux! Bring some honesty to this court. No more winking like I experienced.
    Guest - Karl - Commented on Feb. 25 - Memorial Hospital’s ... in Joomla Article
    Good article. Has a lot of information that is very difficult for "team members"(employees) to find....
    Guest - Susan Worthington - Commented on May 13 – UPDATED 11:39 a.m. HC... in Joomla Article
    In 1953 there was not such a thing as a trauma or neonatal program. The need for Neonatal Services ...
    Guest - Linda Dominy - Commented on June 8 – EDITORIAL: Immediate ... in Joomla Article
    As a clinical team member this makes me sad and it would never happen. We can argue politics all day...
    Guest - Judy - Commented on Savannah’s Title Max Bankruptc... in Joomla Article
    How Tracy Young was allowed to file for bankruptcy or chapter 11 is amazing. Title Max should be ch...
    Guest - Samantha Claar - Commented on Aug. 7 - COMMENTARY: Je suis “... in Joomla Article
    Pertinent questions that deserve real answers. If upper management - appointed and elected - can't ...
    Guest - Lisa Grant - Commented on Aug. 11 - Jonathan Christy, MD... in Joomla Article
    I have seen this guys work for my own eyes through an associates who received a revision of TKR by D...
    Guest - Jason - Commented on Aug 9 - Lyndy Brannen Retires ... in Joomla Article
    Just a clarification - WRHQ (Quality Rock Q105.3) is owned by Thoroughbred Communications.
    Guest - Drew - Commented on Apr. 21 - WaterWays Township N... in Joomla Article
    Rewarding a gated community is for community development is about as stuck in the past as it gets.
    Guest - Felton - Commented on June 17 – Ameris Bancorp acqui... in Joomla Article
    If "This acquisition increases Ameris Bank’s total assets to approximately $5.4 billion," then the a...
    MY ACCOUNT
    CONTACT
    SOCIAL
    MORE
    ADVERTISE
    Coastal Empire News
    Headquarters: 35 Barnard St., Suite 300, Savannah, GA. 31401.
    Tel: 912-388-4692 | Hours: 8:30 a.m. to 5:00 p.m.