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REP. ROYBAL-ALLARD, FEDERAL HOME LOAN BANK OF SAN FRANCISCO ANNOUNCE $3.6 MILLION IN AFFORDABLE HOUSING GRANTS FOR DOWNTOWN LOS ANGELES
- Article from:
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US Fed News Service, Including US State News
- Article date:
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January 19, 2006
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Copyright informationCopyright © HT Media Ltd. All Rights Reserved. Provided by ProQuest LLC. (Hide copyright information)
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Rep. Lucille Roybal-Allard, D-Calif. (34th CD), issued the following press release:
Rep. Lucille Roybal-Allard (CA-34) and the Federal Home Loan Bank of San Francisco (FHLBank San Francisco) announced today that $3.6 million in Affordable Housing Program (AHP) grants were awarded in 2005 to help finance four downtown Los Angeles housing projects. Two of these Los Angeles County projects received their funding--$1.1 million--in the second round of the 2005 competition. The two newly awarded projects will create 401 affordable rental units for individuals and families earning less than 80% of the area median income.
In 2005, the FHLBank of San Francisco awarded $42 million in AHP grants ...
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