The $6.5-million first installment will be invested in 29 housing projects in 10 states and American Samoa, including 10 projects in Washington State and five in Oregon. The investment will finance more than 1,000 housing units for homeless families; Native Americans, Alaskans, Hawaiians and rural workers.
In addition to Oregon and Washington, projects were funded in Alaska, Hawaii, Idaho, Montana, Utah, Nevada, Arizona and the Pacific Islands.Another $6 million will be awarded in December.
The bank says it has invested $89 million this way over the past decade, leveraging $1.5 billion in total development. The bank says it received a record number of applications this year from financial institutions and their non-profit partners.
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