In 2015, HDF was awarded $1.65 million from the CDFI Fund to support affordable homeownership.

This year, the U.S. Treasury Department’s Community Development Financial Institutions Fund (CDFI Fund) awarded 195 CDFI – including the Housing Development Fund – a total of $202 million in grants and loans through the Community Development Financial Institutions Program (CDFI Program). This announcement caps the 20th anniversary celebration of the creation of the CDFI Fund and the CDFI Program.

Since its creation in 1994, the CDFI Fund has awarded more than $2 billion to CDFIs, community development organizations, and financial institutions through the CDFI Program, the NACA Program, the Bank Enterprise Award Program, the Capital Magnet Fund, and the Financial Education and Counseling Pilot Program.

In addition, the CDFI Fund has allocated $43.5 billion in tax credit allocation authority to Community Development Entities through the New Markets Tax Credit Program, and $525 million has been guaranteed in bonds through the CDFI Bond Guarantee Program. To learn more about the CDFI Fund and its programs, please visit the CDFI Fund’s website.