- Associated Press - Sunday, October 30, 2016

BRUNSWICK, Maine (AP) - Five organizations in Maine will receive more than $3.6 million to provide affordable loans to low-income residents and communities to help pay for the growth of enterprises such as small businesses and affordable housing.

The money is coming from the Community Development Financial Institutions and Native American Assistance programs.

It’s going to private financial institutions to finance things like microenterprises, nonprofit organizations and commercial real estate.

The money is going to Coastal Enterprises Inc. of Brunswick, Genesis Fund Inc. of Brunswick, MaineStream Finance of Bangor, Northern Maine Development Commission of Caribou and Four Directions Development Corporation of Orono.

Four Directions is receiving the Native American Assistance money.


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