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When the Wisconsin Housing and Economic Development Authority (WHEDA) provided $1.9 million in financing for the construction of the Hawley Ridge Apartments, a facility providing 50 units for families in financial need, CRF purchased the original loan, infusing WHEDA with additional funds for other deserving projects.
Affordable Housing Solutions
Safe, accessible and affordable housing is essential for stabilizing lives, strengthening families and revitalizing the neighborhood economy. CRF works in single-family housing arenas to provide solutions that empower people to create healthier, more vibrant communities for themselves and their families.
In the wake of the foreclosure crisis, communities are searching for single-family housing strategies designed to rehabilitate foreclosed homes and increase homeownership and reinvestment in some of this country’s hardest hit neighborhoods. At CRF, we act as connectors and conveners, bringing local organizations together to develop solutions that meet the needs of their communities. Read more about how CRF’s single-family home mortgage solution is helping Detroit address its appraisal gap problem.