FHLB Awards Grants to Four CUs

Published June 25, 2007, 1:00 a.m. EDT

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Updated August 27, 2020, 1:48 a.m. EDT

1 Min Read

SAN FRANCISCO - Four credit unions will share almost $1.1 million in affordable housing program grants awarded by the Federal Home Loan Bank of San Francisco.

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The grants went to: Arizona State CU ($600,000) to help finance construction of a new 30-unit project of affordable homes in south Tucson; Meriwest CU ($250,000) to help finance construction of a 12-unit rental project for the transition of homeless people, also in Tucson; Altura CU ($261,000) to help finance construction of a new 12-unit rental project in Coachella; and Santa Cruz Community CU ($20,000) to help finance construction of two units of for low- and very low-income residents in conjunction with Habitat for Humanity in Santa Cruz. The grants were part of a total of $34.7 million in affordable housing funds awarded by the San Francisco FHLB.

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