First A.M.E. Zion Church, in partnership with Logos Faith Development and Rivermark Community Credit Union, announced a $3 million grant to help build housing for veterans in Portland, Oregon.
The grant will support the development of 44 units of housing for veterans and their families. “Receiving this $3 million award is nothing short of a moment of resilience and redemption for our church, the oldest Black church in Oregon and a steadfast anchor in the Albina community,” said Reverend Dr. Payne of First A.M.E. Zion Church.
First A.M.E. Zion Church’s affordable veteran housing project is the sole project in the city of Portland to receive the award. Rivermark Community Credit Union served as the sponsoring financial institution, securing funding for the project from the Federal Home Loan Bank of Des Moines.
“This is a shared commitment and a shared impact we’re proud to advance,” said Kris Williams, President and CEO, Federal Home Loan Bank of Des Moines.
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