NEW YORK - In a move to help revitalize New York City's low-to- moderate-income neighborhoods, Carver Federal Savings Bank and J.P. Morgan Community Development Corp. last week closed a $4 million loan to Blakel Construction Corp. for the Bridge Street Manor Partnership Homes in the Bedford Stuyvesant section of Brooklyn.

Carver Federal, with $366 million of assets, has participated in loan pools with other banks, but this marks the first time with the J.P. Morgan Co. subsidiary.

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