Affordable housing continues to be elusive to many low and moderate-income families throughout the U.S. In today’s economic climate, many families have experienced declining income levels, but continue to have a need to obtain housing that is both affordable and safe for their children. This has led to an increase in the demand for affordable housing but the tightening credit markets have made it particularly difficult for local Community Development Financial Institutions (CDFIs) to respond to this need.
By partnering with the leading CDFIs in the country, BECA’s is able to direct up to 50% of the Community Investment Portfolio to support affordable housing. As partners with direct investments in specific affordable housing deals, our impact is localized and our CDFI partners are now able to leverage the limited capital they have to respond to the greater need of their communities.