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Housing Assistance Council
1025 Vermont Avenue, NW, Suite 606Washington DC, 20005-3516
CDFI Awards for Housing Assistance Council
FA (2007) - $649,650
Created more than 35 years ago, the Housing Assistance Council (HAC) is a certified CDFI with the national mission to create more affordable housing in low-income rural areas. It offers a range of products and services such as low-interest loans to non-profit rural, community based organizations. It also provides technical assistance to self-help housing projects sponsored by local rural groups. HAC will use its FY07 Financial Assistance grant to expand its loan capacity for a newly established program rural housing preservation program.
FA (2003) - $1,035,000
The Fund"s $1,035,000 award will be used to enhance its ability to make loans focused on minority homeownership, provide nonprofits with training and technical assistance to strengthen their financial management and operations, and to purchase new loan management software. Approximately 60% of this award will be targeted to Hot Zones.
CORE (2000) - $735,000
The CDFI Fund"s $735,000 capital grant will help HAC to expand its range of loan products to include construction financing and longer-term mortgages. It will also help HAC to undertake initiatives to promote affordable housing in areas of extreme need, such as the Mississippi Delta region and Colonias along the Mexican border. One of HAC"s new projects, the Colonias Mortgage Finance Program, will provide local community development corporations with considerably below-market rate financing to build single-family homes for very low-income people.
CORE (1998) - $900,000
The CDFI Fund"s $900,000 capital grant will help HAC to further its community development activities in the areas of lending, technical assistance, and research and information services.
Other Community Development Financial Institutions in District of Col
Banc of America CDE, LLC
Washington
CFBanc Corporation
Washington
City First New Markets Fund II, LLC
Washington
Consortium America, LLC
Washington
Cornerstone, Inc.
Washington
CSDC New Markets Fund, LLC
Washington
DC Housing Enterprises
Washington
Faithworks
Washington
FINCA USA, Inc.
Washington
Home Depot New Markets Corp., Inc.
Washington
Housing Assistance Council
Washington
National Fund for Enterprise Development
Washington
NT CDFI, Inc.
Washington
Partners for the Common Good
Washington
Telesis CDE Corporation
Washington
Washington Area Housing Trust Fund
Washington
Featured Government Grant Resources
Small Business Administration's Loan Guarantees Program
The Small Business Administration has established the Loan Guarantees Program wherein they aim to be able to provide guaranteed loans to small business establishments which are not capable of acquiring financing from a private credit marketplace but greatly manifests the ability to repay funds in a timely manner.
Small Business Grants - Free or Low Cost Consulting for Your Small Business
Did you know that it is possible for you to receive free or low cost consulting for your small business? If it sounds too good to be true, rest assured it is actually possible. Not only does it make sense economically, but you would be receiving advice from professionals who have extensive business experience.
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