Sacramento region affordable housing projects will see $100
million in new financing, through a new effort from five
community banks that’s spearheaded by the Greater Sacramento
Economic Council (GSEC).
The $100 million in financing is the first initiative by the
newly formed Community Reinvestment Coalition, launched by the
Greater Sacramento Economic Council. Smith said GSEC CEO Barry
Broome brought regional banking leaders from First Northern, Five
Star Bank, River City Bank, Suncrest Bank and Bank of the Sierra
together to form the coalition
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