SC Community Loan Fund is excited to announce Heritage Trust Federal Credit Union has provided a $100,000 program related investment to our organization.

This funding will go into SC Community Loan Fund’s revolving loan fund, and will be used to provide capital for more affordable housing developments in the tri-county area.

A program related investment is paid back at below-market interest rates and recycled back into other community development activities.

HTFCU’s investment was presented to Michelle Mapp, CLF’s executive director, and Tony Woody, CLF board chair, June 13. In 2009, Heritage Trust also invested $100,000 in the organization and has actively participated in volunteering with the organization since that time.

“Heritage Trust’s philosophy of people helping people aligns perfectly with CLF’s mission of building affordable housing and creating successful communities,” Woody says. “This is the second investment they have made to our revolving loan fund and it will help CLF bring capital to needed projects to support housing and community development throughout the tri-county area.”

“The credit union philosophy, ‘People Helping People,’ is more than a motto, it is a strong characteristic of the way we do business,” Heritage Trust’s CEO, Jim McDaniel says. “At Heritage Trust, we take pride in our commitment to the community and are appreciative of the opportunity and our ability to participate in such a noteworthy endeavor.”

Examples of how CLF impacts the community include:

*Since 2005, CLF has provided 25 loans to developers totaling $2,945,324 that were leveraged to provide $86,362,606 in community development investments in the Lowcountry.

*Since 2005, CLF also has committed $2.6 million in affordable housing financing to aid 100 Lowcountry residents that leveraged $22,552,935 toward the purchase of homes through its Homebuyer Assistance program.

For more information about CLF’s lending programs, please visit our website, or call us at 843-973