Community Housing Capital (CHC) joins with 865 CDFIs nationwide to receive a Rapid Response Program Award (RRP) from the CDFI fund. With an award announcement by Vice President Kamala Harris at the White House with Treasury Secretary Janet L. Yellen, the RRP acknowledges the important role CDFIs play in lifting up the whole economy in a post-COVID environment. The RRF program is designed to help CDFIs quickly deploy capital in underserved communities hit hardest by the pandemic and CHC is ready to respond.
“We are grateful for this award by the CDFI Fund. CHC will leverage these dollars with private capital and work tirelessly to quickly get it to the more than 200 NeighborWorks® organizations that depend on debt and equity capital to build affordable housing. These organizations will be the real beneficiaries of this fast-tracked award,” said Cindy Holler, President and CEO, Community Housing Capital.