Turn To CDFI Partners For Financing
In partnership with the National Housing Institute, Network representatives recently presented at the Opportunity Finance Network to share how CDFIs may support your organizations and shared equity homeownership. Many Community Development Financial Institutions have existing products that can help CLTs accomplish their work. Below are three CDFIs that offer financing across the U.S. Find a CDFI in your community.
Does your CLT need access to capital?
Enterprise Community Loan Fund is one of the largest community loan funds in the country. It provides predevelopment loans, acquisition loans, mini-permanent loans for acquisition and repairs of buildings for affordable housing preservation (such as expiring LIHTC projects), and mini-permanent loans for community facilities.
Mercy Loan Fund is a large loan fund that has provided financing across the country. They offer lines of credit for purchase and rehab of single-family homes, gap loans for housing cooperatives, bridge loans for LIHTC projects to preserve affordability, and loans for conversion of rental properties to cooperatives.
Could your homebuyers or homeowners benefit from access to safe car loans?
Ways to Work is a a CDFI offering auto loans to lower income individuals with credit challenges, through a network of 50 offices in 21 states. Help your homeowners connect with Ways to Work to purchase vehicles.