CDFIs, as mission-driven financial institutions are at the forefront in providing access to capital to underserved borrowers.
CDFIs, as mission-driven financial institutions are at the forefront in providing access to capital to underserved borrowers.
CDFIs stimulate the economy and is a vital segment of economic development and contributes directly to the GDP.
As a Community Development Financial Institution Homewise has utilized resources available through the CDFI Fund to help New Mexicans achieve their dream of homeownership. With dollars from the CDFI Fund Homewise has provided approximately $10.5 million in amortizing loans and another $6.9 million in down payment assistance to 656 households. Of these households, 60% were under 80% AMI.