WASHINGTON - The Federal Housing Finance Board said that loans made through the Federal Home Loan Bank System's community investment program totaled $804.5 million through June.
The amount already exceeds the finance board's 1992 target of $795 million. The advances will result in 20,179 housing units, 82% occupied by their owners and 18% rentals.
Besides housing, community development projects funded through the system's members include downtown revitalization projects, a rural motel, a community arts center, and renovation of a building in Reading, Pa., to be used as an AIDS service center, said Daniel F. Evans Jr., the finance board's chairman.
