S.F. organizations get $4M in federal funds

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Two San Francisco community development financial institutions have been awarded $4 million in Recovery Act funding.

Northern California Community Loan Fund and Low Income Investment Fund each will receive $2 million, and are among 59 community development financial institutions in 26 states and Puerto Rico to receive a share of $90 million in community development support announced Tuesday by the U.S. Treasury.

Source: San Francisco Business Times