This week CDT makes a record donation for single family housing in Detroit. The HUD and DOJ awarded $8.7MM to prevent and end homelessness, and more!

  • CDT Donates $1.2MM to 48-Unit Affordable Housing Development—The Community Development Trust (CDT)—a New York-based real estate investment trust that provides capital for the preservation and creation of affordable housing—announced its donation to Detroit-area nonprofit Southwest Housing Solutions of a $1.2 million first mortgage loan on Daystar Estates, a 48-unit single-family-home development on the city's Eastside...
  • Opportunity Fund Celebrates Growth—Our fiscal year ended on June 30th and Fiscal Year 2016 was Opportunity Fund's most successful year ever. We exceeded our impact goals across the entire organization, closing the gap between dreams and opportunities for more than 4,300 families this year! With your help, we provided 2,200 loans to entrepreneurs, totaling $60 million - nearly double our investments in FY15! - and opened 341 new savings accounts...
  • Finanta Expands Services into Suburban Counties—A Philadelphia-based micro-lender received U.S. Small Business Administration certification to expand its technical assistance and loan making to four suburban counties...
  • CSH Debuts Moving On Toolkit— The goal of this new Toolkit is to raise awareness about "Moving On" from supportive housing and to help organizations plan, develop, sustain and evaluate effective Moving On programs. This Toolkit was developed by CSH for use by supportive housing providers, Continuum of Care entities, public housing authorities, local/state government agencies and other organizations interested in developing Moving On initiatives in their communities...
  • HUD and DOJ Award $8.7MM to Prevent and End Homelessness—For many individuals convicted of minor crimes, finding jobs and decent housing is so challenging that many are at extreme risk of homelessness or reentering the criminal justice system. The U.S. Department of Housing and Urban Development (HUD) and the Department of Justice (DOJ) awarded $8.7 million to address homelessness and reduce recidivism among this justice-involved population through the Pay for Success model...

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