Affordable Housing Grant To Aid DomesticViolence Victims
CHELSEA, Mass. - (12/10/04) -- The Federal Home Loan Bank of Bostonsaid it awarded $4.8 million in affordable housing grants,including $1 million for shelter for domestic violence victims tobe administered by Metropolitan CU. The FHLB funds will aidrehabilitation and new construction to convert a two-storycommercial building into a four-story residential facility serving24 low-income families recovering from domestic violence. Six ofthe units will be reserved for the homeless. The credit union willadminister the FHLB grant, which will be used for construction andrehabilitation costs.