FOR IMMEDIATE RELEASE
August 25, 2010
CONTACT: Felicia Tripp Folsom
503-282-7744 x116
feliciat@portlandhousingcenter.org
Portland Housing Center
is one of 180 Community Development Financial Institutions (CDFI) nationwide to
receive a financial assistance award for Fiscal Year 2010
Portland, OR
August 23rd, 2010 - Portland
Housing Center became one of 180 Community Development Financial Institutions
(CDFI) nationwide to receive a financial assistance award for Fiscal Year
2010.On behalf of the staff and board of the Portland Housing Center, we are
immensely appreciative of the CDFI for believing in and
investing in our mission and work we do. Portland Housing Center received a
$750,000 award, which it will be used to increase its lending activity.
Portland Housing Center is a
certified CDFI established in 2000 and NeighborWorks Homeownership Center that
serves the Portland Metropolitan by providing quality home buyer education,
counseling and financial services. "This
CDFl award will allow Portland Housing Center to make more loans to moderate income
buyers in the Portland Metro area during a time when so many need assistance,"
says Peg Malloy, Executive Director "To be a recipient of such an award is an
honor and a privilege and comes to our agency as a direct result of hard work
and dedication on the part of staff, with support and guidance from our Board
of Directors."
This year's
awards total $104.9 million for 180 CDFIs serving
struggling communities in states across the country. These grants will help
those nonprofits to spur local economic growth and recovery, as well as expand
access to affordable financial products and services.
Please join us at our special breakfast October 15th from 9-10:30am sponsored by Portland
State University College of Urban & Public Affairs where we will release
our annual report and share some insight on the state of homeownership in the
Portland Metro Area. Please get on the RSVP list for
this event by sending an email to feliciat@portlandhousingcenter.org.
We hope you will participate in these timely discussions. |
About
Portland Housing Center
Established
in 1991, the Portland Housing Center works in conjunction with Portland Metro
Area city governments, financial institutions, social service organizations,
and other civic, public and private stakeholders. Portland Housing Center
provides debt and credit counseling, financial fitness and home buying classes,
first mortgage and down payment loans and homeowner workshops.Since it's founding, the Portland Housing Center has helped more than 6,000 families
purchase their first home. For more information, please visit www.portlandhousingcenter.orgor connect with us on Facebook or Twitter.
About CDFI
The CDFI program invests in and builds
the capacity of a nationwide network of community-based financial institutions
with a primary mission of community development in economically distressed
urban, rural, and Native communities. The CDFI Fund receives applications on an
annual basis and awards funds through a competitive process. |
Oregon #ML-4654 NMLS ID 268117
   
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