Santa Cruz Community CU Receives FHLBGrant

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SAN FRANCISCO - (06/01/06) -- The Federal Home Loan Bank of SanFrancisco announced Wednesday it has awarded Santa Cruz CommunityCU a $135,000 grant under its Affordable Housing Program which thecredit union will use to provide low-cost funding for the GraceCommons community counseling center in Santa Cruz. The SanFrancisco bank awarded a total of $23.4 million to 60 projectswhich will provide low-cost funding to renovate 3,679 affordablehousing units in Arizona, California, Florida, Illinois, Nevada,Oregon, Tennessee, and Texas.

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