The Home Funders (HF) collaborative was created to address the unprecedented crisis in affordable housing for very low income families in Massachusetts. This partnership of private funders came together based on the belief that without adequate housing, all other social invesments are at risk.

We have developed an innovative solution to solve this growing problem - pooling private dollars to make low-interest loans and grants to build very affordable housing using experienced housing finance intermediaries.

By adding a new, $26 million targeted pool of funds, Home Funders is leveraging existing housing resources to increase the supply of housing available to the lowest income families in Massachusetts. The Fund is a unique resource for the development community because it provides financing at a low interest rate for an extended period of time, making the funding easy to use and compatible with the existing network of resources.

A total of $18.5 million in loans and over $1 million in grants has already been pledged. The Fund is seeking additional investors/partners to match a $3 million challenge and reach our goal of $26 million.

A fund of this size will create 1,000 permanent homes for extremely low-income families and leverage an additional 3,000 affordable units during the next ten years. Accomplishing this will require a 10 to 20 year investment of loan funds.