Community Investment Trust Deploys Over $3.5 Million into our Communities

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NPHS’ Community Investment Trust is strategically deploying over $3.5 million to advance affordable housing and community lending in the Inland Empire.  The Community Investment Trust serves as the NPHS’ CDFI fund which leverages both public and private sector investments to finance the organization’s affordable housing developments and capitalize its lending fund to provide financial products aimed to serve low–to-moderate income families. Expansion of the Trust will allow NPHS to address key housing and community lending issues in the Inland Empire, including the preservation of quality, affordable rental housing, sustainable homeownership opportunities for first-time homebuyers, and the creation of innovative financial products.

The Community Investment Trust supports NPHS’ Rental Housing Program which provides quality affordable housing to families who are not yet ready for homeownership.   Recently, the Trust financed the acquisition of two four-unit multi-family properties in the City of San Jacinto.  To address the rising cost of rental housing in the Inland Empire, the program makes available single-family and multi-family homes for rent to low-income families.  NPHS’ goal is to acquire and rehabilitate a total of 150 rental units by 2020.

The Trust also funds NPHS’ Neighborhood Stabilization Program which converts REO foreclosed properties into safe and healthy homes for first-time homebuyers.  These homes are sold exclusively to low-and-moderate income homebuyers in order to increase the rate of homeownership in neighborhoods that were hard-hit by foreclosures. Over the last 3 years, NPHS has acquired, renovated and sold 51 homes to low-and-moderate income first-time homebuyers. NPHS anticipates renovating and selling 75 homes by 2020 as part of the Neighborhood Stabilization Program.

As a Community Development Financial Institution (CDFI), NPHS provides community lending products that are also funded through the Community Investment Trust.  An example of a new secondary financing product being launch this month is the Opportunity Down Payment Loan which provides eligible first-time homebuyers with up to a $20,000 down payment loan to purchase a home in Riverside or San Bernardino County.  The loan is designed to assist first-time homebuyers in achieving affordable and sustainable homeownership.  NPHS will also be launching the unique Sojourner Solar Loan before the summer that will offer up to $25,000 in financing for low-to-moderate income homeowners interested in purchasing and installing solar panels on their home.  Further information will be available in next month’s NeighborWire.

NPHS is seeking additional equity investments to capitalize and expand the Community Investment Trust to improve affordable housing and community lending programs in the Inland Empire.  Financial institutions, foundations and the public sector interested in investing in the Community Investment Trust may contact Victor Ramirez at (909) 218-8483 or at

About the Author:

Tyler is the Public Relations and Marketing Coordinator at NPHS. He received his Bachelor of Arts degree in Political Science from California State University, San Bernardino.