Mutual fund investors in the greater Washington/Baltimore area have a new way to invest in preserving the quality of life for local seniors and persons with physical disabilities.
The CRA Qualified Investment Fund has purchased $4,801,800 in bonds that will be issued to refurbish the Largo Landing Fellowship House in Upper Marlboro, Md. Largo Landing is a government-assisted apartment complex designed for local residents with limited income who are over 62 or who are handicapped or disabled.
The apartment residence is managed by Fellowship Square Foundation. The CRA Qualified Investment Fund has invested $1.6 billion since 1999 in bonds supporting economic development throughout the U.S. In the greater Washington/Baltimore area, the Fund has invested approximately $40,000,000 in a total of 73 projects involving 2,542 affordable housing units.