Leveraging Capital for Community Development: The NHTCDF Story
Every community has the potential to be great. But the resources needed to create and sustain a thriving community are often out of reach. That’s why we need organizations like the NHT Community Development Fund (NHTCDF). This organization is a community development financial institution (CDFI) that provides quality, affordable loan products to communities in twenty-eight states and the District of Columbia. Through these loans, NHTCDF has deployed more than $44 million in capital, preserved more than 13,000 affordable units and leveraged more than one billion in capital for the benefit of communities across America. Let’s learn more about what NHTCDF does and how it can help your community.
What is a CDFI?
A CDFI is an organization that works with private lenders, government entities, and other institutions to provide financing for businesses and real estate projects that might not otherwise have access to capital. These projects can include housing developments, small business projects, or even job training programs — all designed to improve life in communities that have been traditionally underserved by traditional banks or other lenders.
The Benefits of CDFIs
CDFIs are important because they provide access to capital where there might not be any other options available. They also provide support services such as technical assistance and financial coaching that can help borrowers become successful entrepreneurs or business owners. Additionally, CDFIs often work with local partners who are familiar with the needs of their communities and know how best to use the money they lend out so it has maximum impact on those living within them.
How NHTCDF Makes an Impact
Since its founding in 2006, NHTCDF has been committed to helping people build wealth through responsible lending practices. With over $44 million in loans provided since then, NHTCDF has helped create jobs, preserve affordable housing units and strengthen local economies throughout America's 28 states and the District of Columbia where it operates. In addition to providing capital directly through its loan products, NHTCDF also offers services such as credit counseling and financial education classes so borrowers understand how best to manage their loan payments while still meeting their financial obligations elsewhere. This helps ensure borrowers remain successful after taking out a loan from NHTCDF; thus creating a sustainable economic boost for their home towns.
The NHT Community Development Fund is a critical part of ensuring everyone has access to capital regardless of where they live or what industry they work in. By providing quality loan products at competitive rates as well as technical assistance services that can help entrepreneurs maximize their success rate when borrowing from them - NHTCDF is making sure all Americans have access to the resources they need for success no matter what zip code they come from! If you're looking for ways your community can get involved with NHTCDF's mission or would like more information about their loan products - visit nhtcdf.org today!
Contact Information
Priya Jayachandran
CEO
1101 30th Street, NW Suite 100A
Washington, DC 20007--377
http://www.nhtinc.org/nhtcdf.asp
pjayachandran@nhtinc.org