PROVIDING CAPITAL FOR

AFFORDABLE HOUSING

ACROSS GEORGIA

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Macon, Georgia

The CDFI Coalition Revolving Fund (CCRF)


CCRF is a coalition of five CDFIs across the State of Georgia. These collaborating organizations are certified by the U.S. Department of Treasury’s CDFI Fund to provide financial services to low-income communities and to people who lack access to financing.

Launch Event - Program

Columbus, Georgia

ABOUT

CCRF is comprised of the following CDFIs.

  • The ANDP Loan Fund

  • Enterprise Community Loan Fund

  • NeighborWorks Columbus

  • Reinvestment Fund

  • Southwest Georgia United

 

In 2019, the Georgia Department of Community Affairs (DCA) granted CCRF $8 million in Tax Credit Assistance Payment (TCAP) fund. The first round of capital will be offered to support the acquisition, construction and/or rehabilitation of multi-family affordable housing across the state of Georgia. CCRF is currently providing financing for affordable housing developments that have received 4% or 9% Low-Income Housing Tax Credits.

 

Our Members

Inquire about Financing

 
 

COALITION MEMBERS

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PRODUCTS

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Acquisition Loans

CCRF can offer up to $4M for the acquisition of real estate to be developed and operated as affordable housing. All CCRF loans carry interest rates of 1.5% and an origination fee of 1.5%.  MORE

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Construction/Bridge Loans

CCRF can offer up to $4M in capital for the new construction of real estate, inclusive of project-related soft costs. Construction loan funds may bridge investor pay-ins based on pre-determined advance ratios.  MORE

 
 

PROJECT SPOTLIGHT

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Ashbury Apartments

Valdosta, Georgia

Developers IDP Properties are developing a 76-unit LIHTC affordable housing community, Ashbury Apartments in Valdosta, Georgia. The Ashbury is located on a 2.8-acre site and will feature 1, 2 and 3 bedroom apartments for households earning 50% and 60% of area median income.

CCRF and its members are excited to provide $2M in construction financing to IDP Properties for this much needed affordable housing in South Georgia.