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Ford Foundation Annual Report 1990







Program-Related Investments Fiscal Year 1990 Approvals

URBAN POVERTY
Enterprise Foundation (Columbia, Md.)
Low-income housing and community development. Eight-year loan, 1%. $2,000,000
Local Initiatives Managed Assets Corporation (New York)
Secondary market for community development loans. 2,000,000
Local Initiatives Support Corporation (New York)
National match for Areas of Concentration. Eight-year loan, 2%. 2,000,000
National Cooperative Housing Union (Nairobi, Kenya)
Loan fund for low-income housing. 1,500,000
Pittsburgh Partnership for Neighborhood Development
Loan fund to finance neighborhood development projects. Ten-year loan, 2%. 2,000,000
Tacolcy Economic Development Corporation (Miami)
Low-income housing development. Eight-year loan, 1%. 750,000
RURAL POVERTY AND RESOURCES
Acción International (Cambridge, Mass.)
Loan fund for low-income micro-entrepreneurs. 2,000,000
Community Resource Group (Springdale, Ariz.)
Loan fund for water and waste-water systems improvements. 1,000,000
Northeast Ventures Development Fund (Duluth, Minn.)
Venture development fund. Ten-year loan, 1%. 1,500,000
TOTAL, PROGRAM-RELATED INVESTMENTS $14,750,000