TITLE

GRCF backs foreclosure rehabs with loaned funds

AUTHOR(S)
Slovik, Elizabeth
PUB. DATE
July 2009
SOURCE
Grand Rapids Business Journal;7/27/2009, Vol. 27 Issue 30, p3
SOURCE TYPE
Periodical
DOC. TYPE
Article
ABSTRACT
The article reports on the federal Neighborhood Stabilization Program of Grand Rapids Community Foundation which is producing 2 million U.S. dollars from its endowment available for loans to assist developers fix up foreclosed houses. The money is being administered by Great Lakes Capital Fund and Capital Fund Services. The fund is intended to help local nonprofits and for-profit businesses acquire foreclosed houses for rehabilitation.
ACCESSION #
43703599

 

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