Cook Inlet Lending Center (CILC) was awarded $1,453,806 in August by the Community Development Financial Institutions Fund (CDFI Fund), a nonprofit lending enterprise of Cook Inlet Housing Authority. The award will support low-interest complimentary loan programs offered by CILC that help low- and moderate-income families gain financial knowledge, create individual savings accounts for down payments and build the 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 otherwise might not be available to them – with the goal of providing affordable and sustainable homeownership.
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, the Kenai Peninsula Borough, the Municipality of Anchorage and the Matanuska-Susitna Borough, regardless of age, race, religion, color or disability.
For more information visit www.cookinlethousing.org.