Mendo Lake CU Gets FHLB Affordable Housing Grant

Register now

SAN FRANCISCO – Mendo Lake CU was the only credit union among 40 members of the Federal Home Loan Bank of San Francisco to receive $36.6 million in affordable housing grants announced yesterday.

The credit union received $110,000 in grants that will help renovate a 12-unit rental property for Redwood Children’s Services in Ukiah.

The $36.6 million in affordable housing grants will help fund 60 projects that will produce or preserve 3,213 housing units in Arizona, California, Colorado, Illinois, Michigan, Nevada, New Jersey and Washington.


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