Congresswoman Matsui Announces $750,000 for Low-Income Housing Projects in Sacramento
CA• Today, Congresswoman Doris Matsui (D-Sacramento) announced that Sacramento Neighborhood Housing Services has received $750,000 to help provide financing for low-income housing projects in Sacramento. Awarded through the Treasury Department•’s Community Development Financial Institution Program (CDFI), this funding is awarded to nonprofit certified community development financial institutions that serve low-income people and communities that lack adequate access to affordable financial products and services.
• Funding programs like CDFI help develop our communities by providing for the housing needs for some of our most vulnerable neighbors,• said Congresswoman Matsui. • With this funding, Sacramento Neighborhood Housing Services will help provide financing for housing projects in Sacramento and get people into stable homes.•
• We are very happy to have been awarded this funding,• said Pam Canada, CEO, NeighborWorks Sacramento. • It was the largest award given through the CDFI program and will provide the needed funding to finance low-income housing projects around Sacramento.•
The CDFI will award a total of $104,933,762 million to 180 institutions nationwide. Today•’s announcement comes as the result of a competitive grant application process, and was made possible through the CDFI•’s Fiscal Year 2010 Congressional appropriation.
