Chicago, IL — October 9, 2025. Community Housing Capital (CHC) has launched a $12 million Warehouse Line of Credit (WLOC) Pilot Program to help affordable-housing-focused CDFIs within the NeighborWorks America network expand mortgage lending for low- and moderate-income families.
The pilot, made possible through a loan from JPMorgan Chase, enables participating CDFIs to originate and hold affordable and workforce mortgages until sale to third-party investors, addressing liquidity constraints and supporting faster, more responsive lending.
Neighborhood Lending Services (NLS), an affiliate of Neighborhood Housing Services (NHS) of Chicago, is the first participant, receiving a $1 million investment to expand access to affordable homeownership across Chicagoland.
By providing flexible capital through the Warehouse Line of Credit, we're helping CDFIs address liquidity constraints to deliver more affordable mortgage options and help get more families into homes," said Cindy Holler, President & CEO of Community Housing Capital.
“Housing security is foundational to strong communities” added Anthony E. Simpkins, President & CEO of NHS of Chicago. “This partnership reflects what is possible when CDFIs, banks, and local nonprofit leaders join forces to tackle financing challenges ensuring that more Chicago residents can experience the stability and peace of mind that comes with homeownership.”
Through the pilot, CHC will make the WLOC available nationwide to qualifying nonprofit affordable-housing organizations, funding mortgages for buyers earning roughly 80–120 percent of area median income (AMI).
Read the full press release on PR Newswire.