Affordable Housing Projects Get CUFunding
SAN FRANCISCO - (12/20/04) -- Two area credit unions will get apiece of the $25 million in affordable housing grants awarded bythe Federal Home Loan Bank of San Francisco Friday. Santa CruzCommunity FCU in Santa Cruz, Calif., will receive $427,000 to helpbuild a 63-unit low-income rental project called Salinas RoadApartments. AEA FCU, in Yuma, Ariz., will receive $90,000 to helpbuild six affordable housing units at Casa Del Sol apartments inYuma. The FHLB grants will help build or renovate more than 50affordable housing projects in California, Arizona andNevada.