Investments Will Support Homeownership Lending and Affordable Housing Development

NPHS would like to thank Bank of America, Comerica Bank and the United States Treasury CDFI Fund for their recent investments to our Community Investment Trust. In September 2020, The Trust was awarded $970,000 in investments that will be leveraged with other public and private sector capital to support homeownership lending and the development of more affordable housing throughout the Inland Empire.

 

 

NPHS’ Community Investment Trust was established in 2014 to attract public and private sector impact investments. The Community Investment Trust is comprised of three fund pools: The Affordable Housing Fund which supports affordable housing development and preservation; The Community Lending Fund which provides financial products to underserved consumers; and The Racial Equity and Innovation Fund which supports NPHS’ initiatives that advance racial equity and social innovation.

“We are grateful for these investments,” said Clemente Arturo Mojica, President and CEO of NPHS. “These awards will provide vital down payment assistance financing for low-income homebuyers and help support the creation of more affordable housing throughout the Inland Empire,” says Mojica.

For investment opportunities in NPHS’ Community Investment Trust, please contact Greg O’Donnell at greg@nphsinc.org or (909) 243-7035.

NPHS Community Investment Trust