Mission and public details
THE PRINCIPAL PURPOSE of THIS CORPORATION SHALL BE to ACT AS AN INTERMEDIARY BORROWER/RELENDER WITHIN THE SCOPE of CERTAIN "INTERMEDIARY RELENDING PROGRAMS" ESTABLISHED BY THE U.S. DEPARTMENT of AGRICULTURE, RURAL DEVELOPMENT, and THE U.S. SMALL BUSINESS ADMINISTRATION; AS A LENDER of OTHER PUBLIC FUNDS SUCH AS THOSE MADE AVAILABLE UNDER THE RURAL BUSINESS ENTERPRISE GRANT PROGRAM ESTABLISHED BY RURAL DEVELOPMENT and FUNDS THAT MAY BE DERIVED FROM OTHER PUBLIC AGENCIES to ACCOMPLISH SIMILAR GOALS, and PROVIDE AFFORDABLE HOUSING THAT is DECENT, SAFE, and SANITARY for LOW-INCOME FAMILIES, to CARRY OUT A NEIGHBORHOOD REVITALIZATION or COMMUNITY ECONOMIC DEVELOPMENT, and to CONTRACT WITH AN APP…
- Organization
- VALLEY DEVELOPMENT INITIATIVES
- EIN
- 93-1138243
- Address
- PO BOX 167, SALEM, OR, 97308-0167
- County
- Marion
- Tax category
- Homeowners & Tenants Associations
- NTEE classification
- L50
