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Posted inJournal Tribune

FHL Bank of Boston awards $441K to support Friendship Hill House in Biddeford

BIDDEFORD — Federal Home Loan Bank of Boston has awarded $441,244 in grants, loans, and interest-rate subsidies to support an affordable housing initiative in Biddeford. The grant provides an acquisition loan for Bangor Savings Bank to subsidize rehabilitation of Friendship Hill House’s Phase II project, a three-story apartment building consisting of seven two-bedroom units and two […]