In September 2013, HTF received a $600,000 capital and operating grant from the U.S. Treasury CDFI Fund. The Community Development Financial Institutions Fund (CDFI), which provides loans and grants to increase economic opportunity and promote community development investments for underserved populations and in distressed communities in the United States, awarded $146,685,852 nationally to 148 agencies. HTF was one of only 38 small and emerging CDFIs to receive a grant award. HTF will use the grant as lending capital to community sponsors of affordable housing projects that serve low-income working families and our most vulnerable populations. HTF provides low-cost loans for site acquisition, predevelopment and construction costs and permanent financing that helps facilitate the development of needed affordable housing in our diverse Santa Barbara communities.
