Archive Links

Consumer Archive
CU System Archive
Market Archive
Products Archive
Washington Archive

News Now

CU System
Self-Help gets 2.5 million to ease foreclosures
DURHAM, N.C. (3/20/09)--Self-Help CU was awarded a $2.5 million grant Wednesday under a new federal program to help stem foreclosures. The grant is part of a Neighborhood Stabilization Program developed late last year by the U.S. Department of Housing and Urban Development. The program’s purpose is to assist areas hit hardest by the housing crisis. Self-Help’s grant was one of 20 in North Carolina announced Wednesday by Gov. Bev Perdue and awarded to local governments, nonprofits and other organizations in the state as part of the federal program. The Self-Help grant will fund two programs. One will provide provide low-interest loans to nonprofit and for-profit affordable housing developers to rehabilitate and purchase foreclosed properties. The other will allow the credit union to lend to members at or below 120% of area median income to help them purchase foreclosed properties. Self-Help, based in Durham, N.C., is a $333.4 million asset, community development credit union.
Other Resources

RSS print
News Now LiveWire
#FreeGasFriday courtesy of @tvfcu, TN #creditunions http://t.co/wDRFYJVlpz
3 hours ago
If you were unable to watch or attend @cuna 's @thehill Hill forum on Wed., you can now watch the archived version: http://t.co/FhUnp7HbU8
4 hours ago
Time is running out. If you haven't taken the #NewsNow readership survey, please click here now: http://t.co/4Gp6C2Wa4o
4 hours ago
African financial inclusion possible with mobile money: @IMFNews study http://t.co/0V5DTQToxY
5 hours ago
Louise Herring's birthday is Saturday. 105 years later, her legacy lives on through her kids http://t.co/oMqGADmo0d http://t.co/T3NmS9NqEY
6 hours ago