Community Development Banking

Working to improve communities and enrich the lives of those who live in them across the US.


We provided $2.85 billion in 2017 to low- to moderate-income communities through our community development lending and equity investments.


We have committed $12.3 billion over the last decade to support financing for the construction or rehabilitation of affordable housing and neighborhood revitalization projects across the US. 


Over the last decade, our team has financed 97,000 units of affordable housing for renters and homeowners—one of the largest commitments by a financial institution. 


We brought together over 70 CDFIs across the country to form 25 collaboratives, each focused on addressing specific challenges in their neighborhoods.

What We Do

We take pride in working to support vibrant and diverse communities capable of sustaining a high quality of life and economic opportunity. Our mission is to strengthen communities by delivering the comprehensive solutions of our global bank to expand access to capital and provide leadership by example. 


Building a Better Tomorrow

With access to New Markets Tax Credit financing, eligible community development projects from small to large can find funding, especially those involving not-for-profit and for-profit real estate development. We also work with community development financial institutions looking for a partner, NMTC loan funds and others seeking to benefit a low-income community.


Supporting Affordable Housing 

We specialize in projects involving new construction, rehabilitation and permanent financing of multi-family affordable rental housing and offer term loans for properties with rent restrictions or subsidy agreements. For-profit and not-for-profit sponsors can benefit from our extensive experience in structuring financing solutions for affordable housing and commercial developments. 


Strengthening Through Preservation

We are committed to preserving and restoring historic properties to help strengthen and support communities. Our Historic Tax Credit Equity platform utilizes tax credit investments to restore and preserve both for-profit and not-for-profit projects nationwide.


Fostering Collaboration

Since the early 1990s, we’ve been a leader in the funding of Community Development Financial Institutions (CDFIs). Thanks to the multiplier effect, we’ve measurably expanded our community development impact by fostering collaboration with and among CDFIs. Having a shared infrastructure helps improve the quality of the results while reducing costs.


Partnering With Intermediaries

We offer syndicators of low-income housing tax credits products that meet a range of syndicator/intermediary financing needs. These include subscription financing, warehouse lending and lines of credit. As part of a multibank consortium, we also provide specialized loan origination, underwriting and monitoring services of construction, and permanent loans for affordable multi-family housing facilities.

Connect with an Expert

Contact us

Who we are

Alice Carr

Alice Carr

Head of Community Development Banking

Get in Touch and Stay Informed