FHLBank Pittsburgh 2026 Voluntary Housing Grant Funding Increased to $33.5 Million
The Federal Home Loan Bank Pittsburgh’s (FHLBank) Board of Directors has approved an increase of $20 million in the pool of funds anticipated to be made available for the 2026 funding round for FHLBank’s Voluntary Housing Grant (VHG), increasing the total allocation expected to be awarded in VHG from $13.5 million to $33.5 million. This increase is in response to the need for affordable housing throughout our district of Delaware, Pennsylvania and West Virginia (District).
VHG provides grants to support development, rehabilitation and accessibility improvements of affordable housing in our District, with the intention of expanding housing opportunities for individuals and families throughout our communities. To learn more about VHG, visit FHLBank’s website.
With this additional funding allocation, FHLBank estimates that we will contribute approximately 9% of its earnings in support of voluntary community products this year. This exceeds our previous commitment of at least 5% of prior year’s pre-assessment net income for funding voluntary community products – a committed target of $25.8 million for 2026. In addition, FHLBank intends to continue to make a supplemental voluntary contribution to our Affordable Housing Program (AHP) to increase the pool of available AHP funds to the amount that would have been statutorily required, absent FHLBank’s voluntary contributions.
