Housing grants, not loans, to be unveiled for tornado victims | Business
MOSCOW, OH (FOX19) – The Federal Home Loan Bank of Cincinnati will unveil a program Friday to make $5,000,000 in grants to help people whose homes were damaged by the March 2 tornados in Ohio and Kentucky.
Homeowners are eligible for up to $20,000 toward reconstruction or repair of a home, or acquisition of a new one. Details will be unveiled by the FHLBank’s David Hehman Friday morning in Moscow.
The FHLBank is a wholesale lender providing housing finance and economic development products and services to 741 member institutions located in Kentucky, Ohio, and Tennessee. Chartered by the U.S. Congress, the FHLBank is one of 12 district cooperative banks wholly owned by its members and does not receive taxpayer dollars.
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