Partner / Client: HACE CDC
Business: Community Development Corporation
Purpose of Loan: Creation of Affordable Housing Units
Impact: Affordable Housing
As financial trailblazers, Community First Fund develops avenues for current and future generations to have equal opportunity for economic prosperity. Access to quality affordable housing is foundational to building sustainable economic security. To increase affordable housing access, we partner with developers such as HACE, a Community Development Corporation based in Philadelphia.
HACE, a nonprofit 501(c)(3) community development organization, was started in 1982 to respond to the need for economic empowerment in the Latino community in Philadelphia. Led by President and CEO Maria Gonzalez, HACE’s goal is to “make its core neighborhoods a place of choice for a mixed income, ethnically diverse population.”
Most recently, we helped finance Villas del Caribe, HACE’s affordable housing complex on West Allegheny Avenue. We provided the early-stage, predevelopment
financing toward 81 units of affordable housing for families.
Learn more about HACE’s services here: Services | HACE CDC