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First North Gulfport Land Trust Home Sold

First North Gulfport Land Trust Home Sold

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The Biloxi Sun Herald
Wednesday, July 1, 2009

The national trust last year started a $5 million revolving loan fund to help develop affordable housing. A $1.3 million grant from the Knight Foundation has helped lower interest rates on fund loans. Five-year loans from the fund are available to qualifying private and nonprofit groups rehabilitating buildings for low- to moderate-income families. The Knight grant also funds the Catalyst Grant program for projects such as the North Gulfport house. Paul E. Thorbjornsen, loan fund coordinator for the national trust, said an additional $100,000 or more in grant funds will be provided to support projects in Gulfport and Biloxi, including support for downtown Gulfport revitalization and preservation in Turkey Creek, a neighboring community to North Gulfport.

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Filed under: gulfport biloxi national trust loan fund

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