Federal & Foundation Assistance Monitor

Treasury

 
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Community Development Program Increases to $145M

The grantees will finance the following: (1) development, preservation, rehabilitation or purchase of affordable housing for primarily extremely low-, very low-, and low-income families; and (2) economic development activities or community service facilities, which in conjunction with affordable housing activities implement a concerted strategy to stabilize or revitalize a low-income area or underserved rural area. Community service facilities daycare centers, workforce development centers and health care clinics.

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