WASHINGTON, May 23, 2018 – Assistant to the Secretary for Rural Development Anne Hazlett announced today that USDA has made the first disbursement of loan funds under the Community Facilities (CF) Re-Lending program. Under this program, funds are provided to community development financial institutions and other community lenders to re-lend for eligible community facilities projects primarily in rural, persistent-poverty counties and in high-poverty rural areas.
USDA has advanced a $2.2 million direct loan to Building Hope – a national nonprofit organization that helps build or renovate schools and facilities in underserved communities. Building Hope is one of 27 organizations in the re-lending program.
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