What is a CDFI?

Homewise, a nonprofit 501(c)(3) organization, is the only Community Development Financial Institution (CDFI) of its type serving eight northern counties of New Mexico (Santa Fe, Taos, Los Alamos, Mora, Rio Arriba, San Miguel, Sandoval and Colfax).

What are CDFIs?

CDFIs are private-sector financial institutions that focus on markets historically underserved by traditional financial institutions, with the shared goal of developing communities. Homewise is one of 600 CDFIs certified by the Community Development Financial Institutions Fund of the U.S. Department of the Treasury.

The federal fund, created by Congress in 1994, provides capital to certified CDFIs to help leverage private-sector investments to support housing, community facilities, jobs and essential services for low- and moderate-income people.