Our CapabilitiesCDFIs and Foundations
Foundations and CDFIs may not specialize in the technicalities of affordable housing, but have a programmatic commitment to community development that requires a detailed understanding of financing program competitiveness factors and timelines to identifying the risks and mitigants. CTY can advise foundations and CDFIs to achieve impact without compromising financial discipline by advising on structuring term sheets, and conducting the borrower and project financial analysis.
We offer:Borrower and project underwriting
Pro forma analysis
Deal terms analysis
Predevelopment loan facility design, from program parameters and eligibility criteria through underwriting standards and loan documents
Fund policy and impact analysis
Staff training
Contact CTY Housing to see how our team can help you plan, finance, and build with confidence.
“CTY Housing delivered outstanding service to the Santa Barbara Foundation. They helped us launch our affordable housing lending program and responded to our questions and were able to comment substantively about the competitiveness of the project for specific funding programs. Their professionalism, adaptability, problem solving, and reliability have been invaluable to our organization. ”
“CTY Housing is among the best consultants, if not the best, I’ve ever worked with, and I’ve worked with quite a few here at the Endowment. They created a developer selection process for us that included recruiting experts to participate in a community advisory board, conducted outreach to affordable housing developers, prepared a request for proposals and scoring rubric, and conducted the financial feasibility analysis and recommendations that enabled us to make a great decision. We’ve broken ground at the Robert K. Ross Center for Hope and Healing, which will combine 124 affordable homes with 66,000 square feet of community service space targeting formerly incarcerated, unhouse, and low-income adults. I truly appreciate their work and support, and I hope I have the opportunity to work with them again someday.”
