Flushing Financial
Corporation (the "Company") FFIC, the parent holding company for
Flushing Bank (the "Bank"), announced that it has secured an affordable
housing grant on behalf of the North Hempstead Housing Authority, who was
awarded a $780,000 grant from Federal Home Loan Bank of New York. The grant
will be used to help finance the Pond View Homes project, which will
rehabilitate 52 units of affordable housing for low-income families.
John R. Buran, President and Chief Executive Officer stated: "Flushing Bank is
proud to support the Pond View Homes redevelopment project. Improving and
preserving quality affordable housing is part of the Bank's mission to better
serve our local communities. Public/private partnerships are essential
components in this process. Our Lending Team is looking forward to partnering
with the Federal Home Loan Bank of New York, the North Hempstead Housing
Authority and Georgica Green Ventures LLC, in completing these much needed
improvements to the community."
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