The Role of Community Development Financial Institutions in Home Ownership Finance

0086K, Task Order TPD-ARC-07-K-00057. The views expressed here are those of the authors and do not necessarily represent the views of The CDFI Fund. The authors would like to thank Phillip Bush, Amanda Sheldon, Rebekah Deeds and Lei Ding for all the work they put into the completion of this study. Such a comprehensive look at this topic would have not have been possible without all of our efforts. We would also like to thank the CDFI Fund for funding this study and Abt Associates for their thoughtful reviews and help throughout the process. The views expressed here are those of the authors and do not necessarily represent the views of the CDFI Fund. i The Role of CDFIs in Home Ownership Finance Community Development Financial Institutions (CDFIs) provide a range of financing products to low-income and minority borrowers, with mortgage lending making up approximately one-fourth of all of this activity. In this capacity, CDFIs play an important role in promoting homeownership opportunities for borrowers and communities that have been historically denied access to mainstream sources of credit, and that have increasingly been targeted by high-price