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0 0 0 0.00722361809045227 0.00832286432160817 0 0.00282663316582925 -0.00157035175879388
Stock impact report

United Bank and Federal Home Loan Bank of Atlanta Award $4.7 Million to Support Affordable Housing in Washington, D.C. and Virginia [Yahoo! Finance]

United Bankshares, Inc. (UBSI) 
Last united bankshares, inc. earnings: 4/30 07:50 am Check Earnings Report
Company Research Source: Yahoo! Finance
today an investment of $4.7 million in grant funding, designated for five separate projects that will create 363 new affordable housing units in Washington, D.C. and Virginia. The funding is sourced from FHLBank Atlanta's Affordable Housing Program (AHP) General Fund and administered through United Bank. These funds will go toward the following projects in Washington, D.C.: Hope View Apartments received $1 million to use for the development of 42 housing units for seniors with incomes 80% or below the area median income (AMI), 16 of which are reserved for homeless households. This development will include approximately 8,000 square feet for community services for residents and the surrounding community. Anacostia Economic Development Corporation is the sponsor and developer, and T&H Investment Properties LLC also sponsored the project, which is expected to be completed in early 2026. 2229 M Street NE Apartments received $1 million for the development of 92 rental units for fam Show less Read more
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