Albuquerque Journal (Albuquerque, NM)

Loan fund receives $215,000 in grants.


Three grants totaling $215,000 were awarded to the New Mexico Community Development Loan Fund for its technical assistance programs and affordable housing projects.

Executive director Vangie Gabaldon announced the grants from the McCune Charitable Foundation, New Mexico Community Foundation and the Fannie Mae Foundation.

The McCune Foundation gave a multi-year grant to provide technical assistance to nonprofit groups statewide.

The award from the New Mexico Community Foundation is part of the foundation's Rural Livelihoods Initiative, which promotes economic development in the Penasco Valley of northern New Mexico. …

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