ASO Airshares EU Carbon

AmSouth Bank (NYSE:ASO) has obtained $774,950 in grants for four organizations that provide affordable housing in the Southeast. The money will be awarded through the Federal Home Loan Bank of Atlanta's Affordable Housing Program, a competitive program that provides funding assistance for single- and multi-family housing. Since the early 1990s, AmSouth has sponsored 88 successful Affordable Housing Program applications through the Atlanta bank, which has provided over $38 million in subsidies used in developing 2,713 units of affordable housing. The bank has also provided over $46 million in construction and permanent financing for these projects. The Affordable Housing Program funds awarded in the most recent grants, coupled with bank financing and other resources, will help the organizations build or renovate 105 units of affordable housing. The following organizations, whose applications were all underwritten by AmSouth, will receive grants: Columbia, Tenn., Housing Authority: The Columbia Housing Authority will use a $499,950 grant to renovate North Ridge Apartments, a 50-unit complex for very low- and low-income residents in Columbia, Tenn. The 25-year-old development of rental duplexes will be completely upgraded with new interior and exterior features, including new roofing, new appliances, ramps and rails to provide handicap accessibility, insulation, and other improvements. The Braden Group: The Braden Group will use a $140,000 grant to construct Saratoga Court Apartments, a 48-unit rental complex for elderly residents in Summerville, Ga. The complex consists of 24 one-bedroom units and 24 two-bedroom units. Amenities include porches, storage rooms, monitored call systems, a community building with space for a kitchen, library, computer room, exercise room, manager's office and laundry facility. Pinellas Habitat for Humanity: Pinellas Habitat for Humanity will use a $100,000 grant for infrastructure costs related to building 12 single-family and multi-family homes as part of the Lake Butler subdivision in Tarpon Springs, Fla. Pinellas Habitat will work with the Tarpon Springs Housing Authority to develop the mixed-income housing project, which will offer 45 percent of the units to very low- and low-income homebuyers. Clarksdale Area Habitat for Humanity: Clarksdale's Habitat for Humanity will use a $35,000 grant to construct seven single-family homes in the Bobby Barr Subdivision for very low-income families in Clarksdale, Miss. Participating homeowners will help construct their homes and attend homeowner education classes. The subdivision is named for Bobby Barr, AmSouth's Clarksdale city president, who has been a long-time supporter, advocate and local chapter president for Habitat for Humanity. Organizations seeking these grants must be underwritten by a member bank, such as AmSouth. According to the Federal Home Loan Bank of Atlanta, since 1990, housing organizations have used more than $300 million in Affordable Housing Program funds to help develop more than 55,656 housing units and to provide down-payment assistance to nearly 5,700 families. About AmSouth AmSouth is a regional bank holding company with $54 billion in assets, more than 680 branch banking offices and more than 1,200 ATMs. AmSouth operates in Florida, Tennessee, Alabama, Mississippi, Louisiana and Georgia. AmSouth is a leader among regional banks in the Southeast in several key business segments, including consumer and commercial banking, small business banking, mortgage lending, equipment leasing, and trust and investment management services. AmSouth also offers a complete line of banking products and services at its web site, www.amsouth.com.