Archive Links

Consumer Archive
CU System Archive
Market Archive
Products Archive
Washington Archive

News Now

CU System
Mendo Lake CU awarded 110000 FHLB housing grant
SAN FRANCISCO (2/24/11)--Mendo Lake CU, a $96 million asset credit union based in Ukiah, Calif., is the only credit union among 40 recipients of $36.6 million in Affordable Housing Program grants made in the second round of 2010 funding by the Federal Home Loan Bank of San Francisco. The funds will assist more than 60 projects that address the affordable housing needs of communities in eight states. Those projects will produce or preserve 3,123 housing units that are affordable to lower-income individuals and families. The total amount of awards under the program in 2010 is $69.1 million. Mendo Park will receive $110,000 for the TAY Wellness Housing Development, sponsored by Redwood Children's Services. The project will provide 12 rental units. The grants went to projects in Arizona, California, Colorado, Illinois, Michigan, Nevada, New Jersey, and Washington. The bank has set aside 10% of its annual income since 1990 to support the program and has awarded more than $660 million in subsidies for more than 99,000 units.


RSS print
News Now LiveWire
.@CreditYOUnion captures voices of #100MM loud, proud at @GAUnitedCU See #NewsNow Thursday for more
14 hours ago
Ill. @GovernorQuinn signs patent troll law http://t.co/ugWf8zHpCm via @CrainsChicago
15 hours ago
.@MBAMortgage : Mortgage apps increased 2.8% from one week earlier for week ending Aug. 22.
16 hours ago
Franchise businesses may face higher breach risk with POS systems HT @briankrebs http://t.co/LGE46DUk15
16 hours ago
About 1 in 3 consumers use plastsic for in-person purchases of less than $5, according to @CreditCardsCom survey.
18 hours ago