Home loan bank awards housing funds.

Home Loan Bank Awards Housing Funds

WASHINGTON - The Federal Home Loan Bank of Cincinnati has awarded $1.1 million in subsidized loans for housing.

The funds will be divided among eight of the bank's members - thrifts and commercial banks in Ohio, Tennessee, and Kentucky. The financial institutions, in turn, will lend the funds to help build 414 residences for people with low and moderate incomes.

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