Affordable Housing Grant To Aid DomesticViolence Victims

December 10, 2004, 1:00 a.m. EST 1 Min Read

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.

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