+Home | +News | +Weather | +Calendar | +Restaurants | +Education | +Shopping | +Pets | +Travel | +Boating | +Pictures | +Links
Media Kit
Talk to us

News Sep 24, 2012 - 9:29:25 AM

$7,500 operating grant awarded to GNHCLF

By Greater New Haven Community Loan Fund (GNHCLF)

Font size: Small Big
Email this article
 Printer friendly page
Share this article:
facebook del.icio.us Yahoo! MyWeb Digg reddit Furl Blinklist Spurl
Buy the "As seen on" mug
New Haven, CT - Bank of America’s Charitable Foundation recently announced an award of $7,500 in general operating support to the Greater New Haven Community Loan Fund (GNHCLF). The funds will help to support GNHCLF’s activities in community lending, and to support foreclosure mitigation services.

GNHCLF is a Community Development Financial Institution (CDFI) which works to create and sustain vibrant neighborhoods and communities through strategic lending and investment. Since 1988, GNHCLF has made more than $51 million in loans for projects that have produced more than 2,300 units of housing for low/moderate income households.

“We are grateful to Bank of America Foundation for their partnership with us in addressing the tremendous need for affordable housing in our area. General operating funds provide us with the flexibility we need to advance our mission and are gratefully appreciated,” said Executive Director Carla Weil. “GNHCLF serves both as a revolving loan fund for affordable housing developers, nonprofit organizations and small/minority businesses and as the administrative home of the ROOF Project, a comprehensive foreclosure mitigation collaborative,” explained Weil. The GNHCLF is also working with Bank of America to assist where possible in their efforts to contribute some of their REO properties to nonprofits who can renovate them for reuse as affordable housing.

© Copyright by NorwalkPlus.com. Some articles and pictures posted on our website, as indicated by their bylines, were submitted as press releases and do not necessarily reflect the position and opinion of NorwalkPlus.com, Norwalk Plus magazine, Canaiden LLC or any of its associated entities. Articles may have been edited for brevity and grammar.

Note: We reserve the right to delete posts at any time if we decide that they are offensive or distasteful.
Western Connecticut Health Network Expands Structural Heart Program
Stamford High School Achieves International Baccalaureate World School Status Approved to Offer Diploma Program
SilverSource golf outing raises funds to protect vulnerable seriors from eviction and support the Ride To Wellness Program
Webster Bank hires Colin Gillespie as SVP of brand marketing
With Gratitude, Fairfield County’s Community Foundation Honors Donors Enthusiasm and Dedication Abound at Annual Spring Luncheon

Top of Page

StamfordPlus.com is part of the Canaiden Online Media Network.
Stamford Plus Online | Norwalk Plus Online | Canaiden.com | Best of Norwalk | Best of Stamford | Hauterfly Magazine | SummerCampPlus.com

Copyright ©2005-2010 Canaiden,LLC All Rights Reserved.