The ANDP Loan Fund was recently awarded a $565,000 grant from the U.S. Department of the Treasury's Community Development Financial Institutions Fund (CDFI Fund). The financial assistance awards are designed to enable CDFIs to increase lending and investment activity in low-income and economically distressed communities across the nation.
"The award will address some of the greatest unmet affordable housing need in our region," said John O'Callaghan, ANDP president and CEO. "We aim to provide more financing for single-family rental, lease-purchase, and smaller multifamily rental projects by delivering below-market, longer-term debt to high mission borrowers." MORE