Anchorage’s Cook Inlet Lending Center awarded $1,453,806
ANCHORAGE, Alaska – August 7, 2012 – Cook Inlet Lending Center was notified yesterday that they will receive $1,453,806 in financial awards through the Community Development Financial Institutions Fund (CDFI Fund). The Director of the U.S. Department of the Treasury’s CDFI Fund, Donna J. Gambrell, announced $187 million in awards today at an event in Milwaukee, WI. CDFIs are specialized financial institutions that work in market niches that are underserved by traditional financial institutions (www.cdfifund.gov).
The award monies will support the low-interest loan programs and complimentary programs offered by CILC which help low and moderate income families gain education, create individual savings accounts for down payments, and build financial strength required to become successful homeowners. The financial assistance will help individuals and families access credit, capital for home purchases and financial services that might not otherwise be available to them –with a net result to provide affordable and sustainable homeownership.
Cook Inlet Lending Center, a social enterprise of Cook Inlet Housing Authority, is a 501(c) 3 and a certified CDFI serving the Cook Inlet region. CILC’s mission is to promote community and economic development throughout Southcentral Alaska by providing lending services and products; and increase access to credit markets, particularly for low and moderate income families, individuals and minorities. CILC serves eligible residents of the Cook Inlet region, comprised of the Kenai Peninsula Borough, Municipality of Anchorage and the Matanuska-Susitna Borough, regardless of age, race, religion, color, or disability.
For more information about Cook Inlet Lending Center please visit them at: www.cookinletlending.com <http://www.cookinletlending.com/>
Posted: August 8, 2012