FEDERAL HOME LOAN BANK OF CINCINNATI ANNOUNCES 2024 AFFORDABLE HOUSING ADVISORY COUNCIL APPOINTMENTS

(MENAFN- PR Newswire) CINCINNATI, Dec. 13, 2023 /PRNewswire/ -- The Federal Home Loan bank (FHLB) of Cincinnati's Board of Directors has appointed two new members to the FHLB's Affordable housing Advisory Council and reappointed four current members of the Advisory Council. Each member will serve a three-year term, commencing on January 1, 2024. The 13-member Advisory Council provides guidance to the FHLB on affordable housing and economic development needs within the Fifth FHLB District of Kentucky, Ohio and Tennessee.

Appointments:

• Winston Miller , Executive Director and Chief Executive Officer of Kentucky Housing Corporation, the state housing finance agency in Frankfort, Ky. Mr. Miller oversees the corporation's many lines of business, including single family mortgages with down payment assistance for first-time homebuyers, multifamily housing financing with tax credit and bonding authority, rental assistance, housing rehabilitation and supportive housing programs for special needs populations. A seasoned attorney, Mr. Miller worked for Frost Brown Todd in Louisville, Ky., specializing in civil cases involving product liability, mass tort and employment litigation for the majority of his career. He joined Team Kentucky in 2020, serving as Deputy Secretary for Kentucky's Finance and Administration Cabinet, and joined Kentucky Housing Corporation later that year.
• Amy
  Riegel , Executive Director of the Coalition on Homelessness and Housing in Ohio (COHHIO) in Columbus, Ohio. COHHIO is a coalition of organizations and individuals committed to end homelessness and promote decent, safe, fair, affordable housing for all with a focus on assisting low-income and special needs populations. Ms. Riegel has been with COHHIO since 2022, previously serving as the Senior Director of Housing at CareSource.

Reappointments:

• Cassie Hudson , Executive Director of Partnership Housing, Inc. in Booneville, Ky. Ms. Hudson has served in this role for 12 years. Founded in 2005, Partnership Housing's mission is to increase the amount of safe, affordable and decent housing for low- to moderate-income residents in Owsley County and to help those residents achieve better lives. She is an active member of Kentucky Housing Corporation's Housing Policy Advisory Committee and the Chair of the Fahe Kentucky Caucus. Ms. Hudson was first appointed to the Advisory Council in 2021.
• Amy
  Schaftlein, Executive Director of United Housing, Inc. in Memphis, Tenn. As the Executive Director of United Housing Inc., Ms. Schaftlein oversees all aspects of the organization which works to make homeownership a reality for low- to moderate-income families through financial education, mortgage lending, homebuilding and renovation. Prior to her current role, she worked with University Neighborhoods Development Corp. as a research assistant and with the Tennessee Housing Development Agency as an industry and government liaison. Ms. Schaftlein was first appointed to the Advisory Council in 2021.
• Samantha "Sam" A.
  Shuler , Chief Executive Officer of Community Housing Network in Columbus, Ohio. Since Community Housing Network (CHN) was founded in 1987, the organization has provided permanent supportive housing for over 10,000 people experiencing homelessness, mental health and substance abuse disorders or trauma related issues. Ms. Shuler has been with CHN since 2003. She was first appointed to the Advisory Council in 2018. She currently serves as Advisory Council Vice Chair, a two-year position that will conclude December 31, 2024.
• Dwayne Spencer , President & CEO of Habitat for Humanity of Greater Memphis in Memphis, Tenn. Memphis Habitat was founded in 1983 with the mission to bring decent, affordable housing to the city of Memphis. Since its inception, Memphis Habitat has helped more than 600 first-time homebuyers secure affordable mortgages and completed rehabilitation and home modification projects in partnership with nearly 1,100 local homeowners. Mr. Spencer was first appointed to the Advisory Council in 2018.

FHLB Cincinnati would also like to thank departing members Debbie Watts Robinson and Shawn Smith for their years of service to the Advisory Council and the affordable housing mission of the FHLB.

About the FHLB

The FHLB is a AA+ rated wholesale cooperative bank owned by 610 member financial institutions, including commercial banks, thrifts, credit unions, insurance companies and community development financial institutions in Kentucky, Ohio and Tennessee. The FHLB provides members access to products and services (primarily Advances, which are a readily available, low-cost source of funds, purchases of certain mortgage loans from members, and issuance of Letters of Credit to members) and a competitive return through quarterly dividends on their capital investment in the FHLB. The FHLB funds these products and services by raising private-sector capital from member-stockholders and, with the other Federal Home Loan Banks (FHLBanks) in the FHLBank System, issuing high-quality debt in the global capital markets. The FHLB also funds community investment programs that help its members create affordable housing and promote community economic development.

SOURCE Federal Home Loan Bank of Cincinnati

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