Savings Institution Loans $100,000 to Community Fund

Portland Press Herald › February 12, 2004

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Summary

Saco & Biddeford Savings Institution has provided the Genesis Community Loan Fund with a $100,000 loan to assist nonprofit organizations that develop affordable housing and provide a range of services for families and individuals in southern Maine.

Genesis relies on low-interest investments from individuals and organizations to capitalize its loan fund. Genesis re-lends these funds to bridge the gap between the resources that organizations are able to obtain from traditional sources and the amount needed to purchase, rehabilitate or develop property for community purposes.

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Savings Institution Loans $100,000 to Community Fund

The Genesis Community Loan F...

See the full content of this document