Detroit Home Mortgage Helped to Double Approved Mortgages
Within the last three years, Detroit’s approved mortgage rates have doubled thanks in a large part to the efforts of Detroit Home Mortgage (DHM), which is helping to make homes affordable by eliminating the appraisal gap.
New CRF Website Puts People, Jobs, and Opportunity First
The new CRF website, which was last updated in 2013, reflects the organization’s new strategic plan and emphasizes how access to capital, catalyzed finance ecosystems, and policy and advocacy work together to empower communities and change lives. We are dramatically scaling our work and transforming the community development finance system to better serve underinvested communities across the nation.
Opening Doors to Prosperity for 30 Years
In the mid-1980s, Frank Altman and Warren Hanson had a revolutionary idea: create a secondary market for community development loans, which would help other community development organizations weather the uncertain funding atmosphere of the time.