ATLANTA, Nov. 2 /PRNewswire/ -- Federal Home Loan Bank of Atlanta (FHLBank Atlanta) today announced Arthur Fleming has joined the Bank as first vice president and director of the Community Investment Services department effective Nov. 1, 2007.

Fleming will oversee FHLBank Atlanta's community investment and affordable housing programs, which represent one of the largest private sources of affordable housing and community development grants in the Southeast. The new director draws from a diverse background where he has led and managed community-finance and lending efforts for a number of organizations.

"Art Fleming's experience in using private capital to promote community development lending will be a tremendous asset," said Jill Spencer, FHLBank Atlanta Executive Vice President and Chief Operating Officer. "His leadership and management experience will help us better serve members and the development organizations that benefit from our programs."

Prior to joining FHLBank Atlanta, Fleming was executive vice president and chief lending and investment officer for Opportunity Finance Network, where he managed the financial services unit. He formerly worked at Fannie Mae Foundation as senior director of the Southeast region and at GMAC Residential as senior vice president and managing director of the Housing Initiative Group.

Fleming also served as executive director for the Community Financing Consortium, Inc. and as an attorney/planner, senior research associate for the Joint Center for Environmental and Urban Problems at Florida Atlantic University/Florida International University.

"The Federal Home Loan Bank of Atlanta is well regarded as an innovator and leader within the community investment and development area," said Fleming. "Thanks to member financial institutions and their community partners, the Bank has led the way in making housing affordable for thousands of individuals and families, and I hope to continue the level of success established by the Bank."

Fleming earned a Master of Arts in Urban and Regional Planning from Florida State University and a Juris Doctorate from the University of Florida College of Law.

About FHLBank Atlanta

The Bank is a cooperative financial services organization that provides funding, community development grants, and other banking services to more than 1,200 member financial institutions in Alabama, Florida, Georgia, Maryland, North Carolina, South Carolina, Virginia, and the District of Columbia. The Bank is one of 12 district banks in the Federal Home Loan Bank System, which since 1990 has contributed more than $2 billion to affordable housing development in the United States.

SOURCE Federal Home Loan Bank of Atlanta