The REO Capital Fund provides CDFIs and other community-focused lenders with specialized financing for neighborhood stabilization lending. Participating lenders follow the Fund's guidelines to originate revolving lines of credit to local borrowers for the acquisition and rehabilitation of single-family housing.
The Fund is seeking participation from other CDFIs and community-focused lenders with experience in neighborhood stabilization lending. If your organization would like more information, please contact us.
Hogar Hispano, Inc. purchased this Maryland single-family home and transformed it with more than $21,000 in rehabilitation to a family-ready home for a buyer who was at 67% of AMI. The family wanted to have their own place with a yard to call home for their children.