Rep. Nancy Pelosi (D-CA) today announced a $3.6 million U.S. Department of Housing and Urban Development grant for the Low Income Housing Fund based in San Francisco. The grant is part of the Mark-to-Market program, designed to maintain affordable housing.
"Through this program the Low Income Housing Fund will be able to support training programs for low income housing tenants who have an opportunity to purchase their homes. Affordable home ownership is an important way to sustain our communities and improve the quality of life for all of our neighbors," Pelosi said.
The Low Income Housing Fund will administer the program in 17 states including California. It will distribute the grant following an application process which will begin next year.
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