The Greater New Haven Community Loan Fund’s mission is to create and sustain vibrant neighborhoods and communities. Through its lending and investment, the Loan Fund is the flexible source of alternative financing for affordable housing and community development in the greater New Haven area.
GNHCLF provides flexible financing and technical assistance for organizations and projects that:
- Enlarge the stock of affordable and supportive housing
- Revitalize and stabilize neighborhoods
- Foster community development
- Enable disadvantaged people to create a better future
In 27 years of lending the Fund has made $57 million in housing loans which have funded the creation of over 2,484 units of housing of all types: including mutual housing, elderly congregate housing, supportive housing, low-income homeownership and rental, shelters and co-operatives. The Fund is a certified Community Development Financial Institution (CDFI) and is committed to best practices and transparency in its operation. We participate in the CARS review process where we received a AA3+ rating.
We have done this with over $6 million in investments from a wide variety of individual and group investors including the Connecticut Housing Finance Authority, Mercy Partnership Fund, Calvert Social Investment Foundation and the Seton Enablement Fund.
Grant support from other community partners helps us offer other specialized programs.