Program launched in Richmond to provide loans to working families for car repairs, purchases

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The Washington Post
By: The Associated Press
May 15, 2013

RICHMOND, Va. -- A nonprofit organization is launching a program to provide low- to moderate-income Richmond families loans to assist in the purchase or repair of used cars.

The program was announced Wednesday by Presbyterian Homes and Family Alliance. The Ways to Work program also has an office in Lynchburg.

The program is aimed at families in need of a reliable vehicle but whose credit rating does not allow them to get a traditional loan, or only one with high interest rates. The program provides short-term, low-interest loans to families that qualify.

Ways to Work is a program that operates 44 loan offices across the nation. It has helped nearly 35,000 families access more than $74 million in affordable loans.

http://www.washingtonpost.com/local/program-launched-in-richmond-to-provide-loans-to-working-families-for-car-repairs-purchases/2013/05/15/449cd578-bd25-11e2-b537-ab47f0325f7c_story.html

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This page contains a single entry by CFED published on May 16, 2013 3:47 PM.

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