HUD OKAYS $1.8 MILLION LOAN FUND TO PROMOTE REVITALIZATION OF DOWNTOWN OLYMPIA

HUD OKAYS $1.8 MILLION LOAN FUND TO PROMOTE REVITALIZATION OF DOWNTOWN OLYMPIA

OLYMPIA – December 4, 2012 – (RealEstateRama) — The U.S. Department of Housing and Urban Development today announced that HUD has okayed a $1,765, 000 loan guarantee to the City of Olympia that will enable it to establish a Economic & Community Development Loan Fund that will, the City explains, “focus” assistance on the “economic revitalization of its downtown.”

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U.S. Department of Housing and Urban Development (HUD) is the nation’s housing agency committed to increasing homeownership, particularly among minorities; creating affordable housing opportunities for low-income Americans; and supporting the homeless, elderly, people with disabilities and people living with AIDS. The Department also promotes economic and community development, and enforces the nation’s fair housing laws.

Contact:

Brian Sullivan
(202) 708-0685

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