Community Housing Capital (CHC), a national nonprofit CDFI, is proud to announce that the U.S. Department of the Treasury's Community Development Financial Institutions Fund (CDFI Fund) awarded $565,000 to CHC as part of the FY 2019 Financial Assistance (FA) Awards. Congratulations to the 261 CDFIs who received FY 2019 FA awards for a combined total of $132,005,000. The FA award was designed to allow CDFIs to sustain and expand their financial products. CHC will use the grant to expand its existing loan fund to facilitate the work of the nonprofit affordable housing developers of the NeighborWorks network. These organizations acquire and stabilize affordable multifamily rental housing and create and preserve single-family housing for low-income families and seniors.
Most recently, CHC was awarded $3,750,000 from the CDFI Fund's FY 2016 Capital Magnet Fund to facilitate the development of affordable housing across the nation. Together, these awards enable CHC to help more organizations close an affordability gap that can be so devastating to hard-working individuals and families.
View the CDFI Fund Press Release