Boeing Employees CU Gets AffordableHousing Grant

SEATTLE - (12/24/04) -- The Federal Home Loan Bank ofSeattle said it awarded a $629,910 grant to Boeing Employees CU tohelp the Tacoma Housing Authority build a 90-unit affordablehousing project for rentals. The project is part of a larger HUDHOPE VI redevelopment of the Salishan public housing projects. Thegrant was one of 21 for a total of $5.3 million awarded Thursday bythe Seattle FHLB. The bank, which is required to distribute 10% ofits annual income in affordable housing grants, awarded a total of$12 million in grants in 2004.