Mendo Lake CU Gets FHLB Affordable Housing Grant

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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.

 

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