The Community Development Trust (CDT) is a national investor in affordable housing. Working with local, regional, and national partners, CDT makes long-term equity investments and originates and acquires long-term mortgages. In its fifteen years, CDT has invested $1 billion in debt and equity capital to properties in 42 states and regions — helping to preserve and create nearly 35,000 units of affordable housing. CDT is a private real estate investment trust (REIT), a certified Community Development Financial Institution (CDFI), an approved Fannie Mae affordable housing lender, and a member of the Federal Home Loan Bank of New York (FHLBNY).
Massachusetts Housing Investment Corporation (MHIC) pioneered attracting investor capital for LIHTC tax credit properties in New England, and developed a loan pool for construction and acquisition lending. Since 1990, MHIC has financed $2.16 billion in lending for preservation or creation of more than 19,000 housing units and four million square feet of commercial space. Approximately 17% of its lending is in rural areas. In 2000, MHIC’s product lines expanded to include the New Markets Tax Credit (NMTC) Program, and again in 2008 with the Neighborhood Stabilization Loan Fund to address the mortgage foreclosure crisis. To-date, MHIC has raised over $2.5 billion from over 139 institutional investors to support its LIHTC activities in Massachusetts and its NMTC activities throughout New England.