BOSTON - Three New England-area credit unions are among the 30 financials selected by the Federal Home Loan Bank of Boston to receive $5.2 million to finance affordable housing initiatives in Connecticut, Maine, Massachusetts, New Hampshire, Rhode Island, and Vermont. These projects, funded in part through the bank's Affordable Housing Program (AHP) will create or preserve a total of 688 rental and ownership units for very low and low-income individuals and families. Named as recipients were: Vermont Development CU, Statewide, Vt.; Peoples CU, Riverton, R.I.; Metropolitan CCU, Chelsea, Mass; The Federal Home Loan Bank of Boston is a cooperatively owned wholesale bank for housing in the six New England states. More than 440 financials throughout New England are members.
Four CUs receive monetary awards for affordable housing in New England
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