Community Development Financial Institutions Fund

The Community Development Financial Institutions Fund (CDFI Fund) is a U.S. government initiative aimed at promoting economic growth and development in underserved communities. It provides financial assistance and support to Community Development Financial Institutions, which offer affordable loans, investments, and financial services to low-income individuals and communities. The CDFI Fund focuses on fostering access to capital, encouraging community revitalization, and empowering local economies. By investing in various sectors, including housing, small businesses, and community facilities, the CDFI Fund plays a crucial role in enhancing the economic opportunities available to marginalized populations, thereby contributing to the overall stability and growth of disadvantaged areas.

Jodie Haris

Director

Past deals in New Mexico

Homewise

Grant in 2024
Homewise is a private non‑profit organization that began in 1986 as Neighborhood Housing Services of Santa Fe. It offers home improvement and rehabilitation services to residents. In 1992, Mike Loftin became Executive Director and identified a growing concern that many homeowners’ adult children could not afford to purchase homes in Santa Fe. The organization has since focused on addressing housing affordability and supporting community development through its services.

Clearinghouse Community Development Financial Institution

Grant in 2023
Clearinghouse Community Development Financial Institution is a financial organization dedicated to providing loan facilities to low-income communities in the Western United States, including California, Nevada, Arizona, and New Mexico. Established in 1996 and based in Lake Forest, California, with additional offices in Las Vegas and Phoenix, the institution aims to address unmet credit needs by offering accessible lending services. It specializes in financing community facilities, affordable housing, commercial real estate, and small businesses, as well as providing new markets tax credits. By bridging the gap between conventional lending standards and the specific needs of distressed communities, Clearinghouse CDFI enables creditworthy borrowers to obtain essential funding for projects that contribute to local asset creation and community development.

Clearinghouse Community Development Financial Institution

Grant in 2023
Clearinghouse Community Development Financial Institution is a financial organization dedicated to providing loan facilities to low-income communities in the Western United States, including California, Nevada, Arizona, and New Mexico. Established in 1996 and based in Lake Forest, California, with additional offices in Las Vegas and Phoenix, the institution aims to address unmet credit needs by offering accessible lending services. It specializes in financing community facilities, affordable housing, commercial real estate, and small businesses, as well as providing new markets tax credits. By bridging the gap between conventional lending standards and the specific needs of distressed communities, Clearinghouse CDFI enables creditworthy borrowers to obtain essential funding for projects that contribute to local asset creation and community development.

DreamSpring

Grant in 2023
DreamSpring is a nonprofit organization based in Albuquerque, New Mexico, established in 1993. It specializes in microfinance and small business lending services, supporting entrepreneurs and small businesses across Arizona, Colorado, Georgia, Nevada, New Mexico, North Carolina, and Texas. The organization aims to help entrepreneurs generate income, build assets, create jobs, and achieve financial well-being through business ownership. DreamSpring provides access to credit, makes loans, and offers a supportive community to assist entrepreneurs in realizing their dreams. Formerly known as Accion, the organization rebranded to DreamSpring in June 2019.

Homewise

Grant in 2023
Homewise is a private non‑profit organization that began in 1986 as Neighborhood Housing Services of Santa Fe. It offers home improvement and rehabilitation services to residents. In 1992, Mike Loftin became Executive Director and identified a growing concern that many homeowners’ adult children could not afford to purchase homes in Santa Fe. The organization has since focused on addressing housing affordability and supporting community development through its services.

Santa Fe Community Housing Trust

Grant in 2023
Santa Fe Community Housing Trust is a non-profit community development organization that supports, educates, and advocates for homebuyers to achieve their housing goals. The organization provides a range of services including mortgage reduction assistance, reverse mortgage counseling, and affordable housing solutions. Over the past three decades, Santa Fe Community Housing Trust has developed and sold more than 720 homes. The organization also undertakes projects like the Stage Coach Apartments, where an old Route 66 motel was repurposed into an affordable 60-unit housing complex.

Northern New Mexico School Employees Federal Credit Union

Grant in 2023
Northern New Mexico School Employees Federal Credit Union is a member-owned, not-for-profit, full-service financial institution.

Clearinghouse Community Development Financial Institution

Grant in 2022
Clearinghouse Community Development Financial Institution is a financial organization dedicated to providing loan facilities to low-income communities in the Western United States, including California, Nevada, Arizona, and New Mexico. Established in 1996 and based in Lake Forest, California, with additional offices in Las Vegas and Phoenix, the institution aims to address unmet credit needs by offering accessible lending services. It specializes in financing community facilities, affordable housing, commercial real estate, and small businesses, as well as providing new markets tax credits. By bridging the gap between conventional lending standards and the specific needs of distressed communities, Clearinghouse CDFI enables creditworthy borrowers to obtain essential funding for projects that contribute to local asset creation and community development.

Clearinghouse Community Development Financial Institution

Grant in 2020
Clearinghouse Community Development Financial Institution is a financial organization dedicated to providing loan facilities to low-income communities in the Western United States, including California, Nevada, Arizona, and New Mexico. Established in 1996 and based in Lake Forest, California, with additional offices in Las Vegas and Phoenix, the institution aims to address unmet credit needs by offering accessible lending services. It specializes in financing community facilities, affordable housing, commercial real estate, and small businesses, as well as providing new markets tax credits. By bridging the gap between conventional lending standards and the specific needs of distressed communities, Clearinghouse CDFI enables creditworthy borrowers to obtain essential funding for projects that contribute to local asset creation and community development.

Homewise

Grant in 2018
Homewise is a private non‑profit organization that began in 1986 as Neighborhood Housing Services of Santa Fe. It offers home improvement and rehabilitation services to residents. In 1992, Mike Loftin became Executive Director and identified a growing concern that many homeowners’ adult children could not afford to purchase homes in Santa Fe. The organization has since focused on addressing housing affordability and supporting community development through its services.
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