Press Release

August 8, 2013
Cardin Announces $3 Million in Affordable Housing Funding for Maryland

WASHINGTON – U.S. Senator Ben Cardin (D-MD) today announced that the Federal Home Loan Bank of Atlanta (FHLBank Atlanta) will provide $3 million in funding to create greater affordable housing opportunities in Maryland.

“Every Marylander – every American – deserves a safe and affordable place to call home. Three million dollars will go a long way toward revitalizing Maryland communities by expanding affordable housing and creating quality jobs and opportunities,” said Senator Cardin, a senior member of the Senate Finance Committee. “I am proud to support investments like this, which reinforce the federal government’s commitment to affordable housing.”

Maryland community developers will partner with local FHL Bank Atlanta member financial institutions to build or repair 693 housing units in seven affordable housing developments in Baltimore City, Baltimore County, Frederick, and Cecil County through the Bank’s Affordable Housing Program. 

 Southwest Baltimore’s Benet House Apartments received $450,000 to assist in the preservation and renovation of its 101-unit building for low-income seniors and disabled households. AHP funds awarded to The Parklands at Cecilton and Seton Village in Emmitsburg, will go toward building new affordable housing for Maryland residents.

 “The FHLBank Atlanta mission is to help communities create affordable housing opportunities for families that need assistance,” said Wes McMullan, President and Chief Executive Officer, FHLBank Atlanta. “We are proud to partner with Maryland to address this important issue.”

 FHLBank Atlanta offers 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 full listing of 2013 AHP winners is listed below:


Maryland 2013 AHP Winners


Project Name




Total Units

Baltimore, MD

Benet House Apartments

Bank of America, National Association

Unity Properties, Inc.



Elkton, MD

North Street Senior Apartments

 Branch Banking and Trust Company

The Community Builders, Inc.



North East, MD

Riverwoods at North East, MD

Capital One, National Association

Enterprise Housing Corporation



Cecilton, MD

The Parklands at Cecilton

Capital One, National Association

MBI Development Company, Inc.



Emmitsburg, MD

Seton Village

Capital One, National Association

Homes for America, Inc.



Dundalk, MD

Day Village

Branch Banking and Trust Company

Kent Mcap Holdings LP c/o Mcap Advisors, LLC



Baltimore, MD

Hollins Place

Capital One, National Association

Enterprise Housing Corporation

Pax-Edwards, LLC

(Secondary sponsor)