Boeing Employees CU Gets AffordableHousing Grant

Published December 24, 2004, 1:00 a.m. EST

|

Updated August 27, 2020, 2:36 a.m. EDT

1 Min Read

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.

Processing Content

For reprint and licensing requests for this article, click here.

MORE FROM AMERICAN BANKER

Federal Reserve

Mutual advocates hope new rules can halt sector's long slide

Supporters of mutual banks are lining up behind a proposed regulatory overhaul. The Fed's plan would make it easier for depositor-owned banks to raise capital.

By John Reosti
Reporter

7m ago
Retirement planning

WTW, SEI partner on private market offerings

WTW Investments and SEI see enough of a market to develop private market offerings for U.S. defined contribution plans, such as 401(k) plans.

By Zoe Sagalow
Reporter

15m ago
Stablecoin

Circle officially opens its national trust bank

Having a trust bank will allow the stablecoin company to offer custody products and to have flexibility in where and how it issues its stablecoins.

By Melinda Lucy
Tech Reporter

43m ago
Monetary policy

Fed's Cook ready to hike rates 'if necessary'

The Federal Reserve governor said inflation is too high but said she ultimately voted last week to hold interest rates steady to give recent economic trends more time to play out.

By Kyle Campbell
Staff writer

1h ago
Global Payments

Global Payments bets on AI to boost point-of-sale reboot

It has been one year since the payments fintech launched Genius, its refreshed point-of-sale and payments platform, as a lynchpin in the company's attempted turnaround. Now, the company is looking to add more conversational AI features.

By Joey Pizzolato
Reporter

2h ago
Professional development

3 types of social capital behind financial advisor success

Speakers at The American College of Financial Services' CAAFP like investing legend John Rogers shed light on how people fuel long-term success in the industry.

By Tobias Salinger
Chief Correspondent

2h ago

Load More