CDFIs help increase the housing supply by financing the construction, rehabilitation, and preservation of affordable housing. By providing flexible pre-development loans, shepherding tax credit projects, and supporting housing development with investment capital, CDFIs support multifamily housing projects, single-family homes, and mixed-use developments in low-income, rural, and historically underserved areas. Their financing often fills critical gaps in complex capital stacks, helping projects move forward that would otherwise stall due to higher perceived risk or insufficient returns for conventional lenders. These investments expand the availability of quality housing, reduce overcrowding, and help stabilize neighborhoods experiencing housing shortages.
The following stories illustrate how CDFIs increase the housing supply, helping address rising housing costs and improving long-term economic stability for families and communities.
Annual Impact: Over 45,000 affordable homes financed annually by CDFI FA recipients.
Stories from the 2026 Progress Report
Home First’s Access South Cook
- Park Forest,
- Illinois
- IFF
Housing for People with Disabilities
Sixth Avenue Baptist FCU Helps a Member Rebuild with Grace
- Birmingham,
- Alabama
- Inclusiv, Sixth Avenue Baptist FCU
A Birmingham Family Finds Hope and Housing Stability Through Faith-Rooted Financial Support
LeClaire Partners
- Chicago,
- Illinois
- Chicago Community Loan Fund
Redevelopment of Former Public Housing Site
Leviticus Fund Housing Project
- Brentwood,
- New York
- Leviticus 25:23 Alternative Fund
Faith Communities Develop Affordable Housing
Rural Tribal Housing Strengthened Through CDFI Partnership
- Lac du Flambeau,
- Wisconsin
- Cinnaire Lending
Cinnaire Lending's Support Essential Bringing Forest Edge Apartments to Tribal Community
Cinnaire’s Loan Pivotal to Launching The Villas
- Exton,
- Pennsylvania
- Cinnaire Lending
Affordable Homes Take Root in High-Cost Rural Area With CDFI Backing
Cotton Mill Apartments
- Cannelton,
- Indiana
- Cinnaire Lending
Historic Mill Revitalized into Affordable Housing
La Avenida Apartments
- Mountain View,
- California
- Housing Trust Silicon Valley
Affordable Housing in Silicon Valley
Eden Housing & Housing Trust
- Mountain View,
- California
- Housing Trust of Silicon Valley
Bringing New Affordable Housing to a High-Cost Silicon Valley Community
Additional Housing Supply Stories
Morrow Estates
- Boardman,
- Oregon
- Network for Oregon Affordable Housing
Morrow Estates Apartments is a 40-unit apartment project located in Boardman, Oregon. The project has 10 onebedroom, 18 two-bedroom , 8 three-bedroom, and 4 fourbedroom units. Each unit has its own covered carport as well as a washer/dryer in-unit. There is also a 1900 square foot community building and an outdoor children’s play area.
Legacy Homes Phase 2
- New Orleans,
- Louisiana
- NEWCORP
The 7th Ward has historically been home to cottage industry businesses, including many home-based beauty parlor, barber shops, restaurants, bars, grocery stores, dentists, law firms, etc. Many of these businesses were started on the first floor of two (2) story homes, or on one- side of a duplex. It is a priority of the revitalization project to promote the return of "community" to the 7th Ward- harkening back to the day of a self- sustaining neighborhood where access to food, health care and personal care services were readily available to all residents.
Grand Court Apartments
- North Point,
- Florida
- Neighborhood Lending Partners of Florida
Grande Court Apartments is a tax credit apartment complex located in North Port, Sarasota County, Florida. The site is improved with a multi-family community with 36 one-bedrooms, 60 two-bedrooms, and 32 three-bedrooms, for a total of 128 apartment homes. There is a single-story clubhouse, which houses the management office, resident activities and community services. The property’s amenities include a swimming pool, volleyball court, computer lab, and a tot-lot playground.
Westcare Gulfcoast Florida
- St. Petersburg,
- Florida
- Neighborhood Lending Partners of Florida
Neighborhood Lending Partners provided permanent financing for a transitional housing facility, for homeless veterans who suffer from alcohol, drug abuse and/or mental illness. The property is a 14,000 SF building, constructed in 1925, and has been renovated on several occasions. It contains 29 rooms providing housing as well as additional office and meeting space.
Leviticus Loan Advances Poughkeepsie’s Revitalization
- Poughkeepsie,
- New York
- Leviticus Fund
The surge of revitalization that swept through river communities along New York’s Hudson River in recent years largely bypassed the City of Poughkeepsie. Less than 10 years ago, the city of roughly 30,000 people in Dutchess County had a poverty rate of 24% and more than a quarter of the population never finished high school. The city’s profile is beginning to change, and the Leviticus Fund is playing an important role in that transformation.
Windsor Manor East
- Union City,
- Ohio
- Grow America Fund
Windsor Manor East consists of 32 newly constructed units for low income seniors in Union County, Ohio.
Santa Clara II Apartments
- Miami,
- Florida
- Neighborhood Lending Partners of Florida
Santa Clara II Apartments is located in Miami, Florida. Santa Clara II Apartments is an affordable housing complex with 13% of the units reserved at 30% of AMI and 87% of the units reserved at 60% of AMI.
Laurel Crest Apartments
- Lancaster,
- California
- Clearinghouse CDFI
Clearinghouse CDFI (CCDFI) provided a $1,900,000 loan to Laurel Crest, L.P. This financing supports the refinancing of existing debt and provides funding for capital improvements for an affordable housing complex.
Church Court Apartments
- Holly Springs,
- Mississippi
- Southern Bancorp Bank
Southern Bank Borrower Stories