Canadian Funding Corp. has connected clients in need of funding for projects from construction to home mortgages in the North America region for the last three years. Canadian Funding Corp. has recently closed several successful projects in Arizona, and it continues to apply its outstanding funding strategies worldwide.

Canadian Funding Corp. ensures quality customer service for both lenders and borrowers by matching an investor’s endeavors with the right project, such as second mort-gages for homeowners or bridge development projects. Canadian Funding Corporation funds a wide range of mortgages from $500,000 equity lines to $100 billion construction projects.

Testimonials of successful transactions have positioned Canadian Funding Corporation as a premier company in its industry. The firm has had numerous ac-counts of providing funding for mortgages in dire need of up to 90% loan to value to put families back into their homes, and Canadian Funding Corporation has accomplished each and every one.

We fund only through licensed mortgage brokers (we do not accept applications directly from the general public, please contact your local broker to make an application to us).

Canadian Funding Corp. in its efforts to be a good corporate citizen of Arizona and environs reports on state budget negotiations as they continue. One thing is clear for the Arizona Housing Department: The agency will lose much of its operating budget during one of the worst housing downturns in history.

Gov. Jan Brewer’s budget calls for transferring $21.2 million from the Housing Trust Fund. That would leave the state’s Housing Department about $9.4 million to use for its main operating budget in fiscal 2010.

As Canadian Funding Corporation observed, most state agencies are taking budget hits. The Housing Trust Fund sweep actually is a less egregious move than the one proposed by Senate Bill 1036 and House Bill 2635. Those pieces of legislation call to “permanently defund the Housing Trust Fund and divert all proceeds from the sale of unclaimed property to the state’s General Fund,” said Val Iverson of the Arizona Housing Alliance.

Canadian Funding Corp. observes that some of the Housing Department’s funds to be cut are earmarked for foreclosure counseling, eviction prevention and homeless and domestic-violence shelters.

“Housing affordability is still an issue throughout the state as many families face job losses and are unable to keep their homes. Any attempt to limit funding to this bare minimum level for future years ties the hands of housing providers to plan for future activity and forces families into unstable housing situations.” said Iverson in a legislative update to housing advocates.

“Let’s deal with this budget and not make long-lasting changes that could negatively impact economic activity in the future.”

There’s a new housing director to deal with the agency’s future. Mike Trailor, former Phoenix division president of Centex Homes, was tapped to head up the state’s Housing Department. He replaces Don Cardon, who moved over to take over the helm of the Arizona Department of Commerce. Cardon replaced Fred Karnas, who in late February left the state agency to become a senior policy adviser at the U.S. Department of Housing and Urban Development.

Canadian Funding Corp. acknowledges and appreciates the Arizona Housing Department and the Arizona Republic.