TENFOLD COMMUNITY LENDING
Programs
Homebuyer Program
THE HOMEBUYER PROGRAM PROVIDED CLOSING COST LOANS AVERAGING $8,181 THAT ENABLE 65 LOW AND MODERATE INCOME FAMILIES TO PURCHASE THEIR FIRST HOME. THE TOTAL AMOUNT OF CLOSING COST LOANS ORIGINATED WAS $531,767. THE LOANS ARE PROVIDED INTEREST FREE WITH PAYMENT DEFERRED UNTIL RESALE.GeographiesNot indicatedDatesJul 1, 2021 – Jun 30, 2022Source990No causes providedNo populations provided–$567.3KLocal Housing Investment Trust Fund
THE LOCAL HOUSING INVESTMENT TRUST FUND (LHIFT) IS A REVOLVING LOAN FUND FOR FLEXIBLE, LOW INTEREST LOANS TO SUPPORT AND STIMULATE THE CREATION, REHABILIATION, AND PRESERVATION OF AFFORDABLE HOUSING AND MIXED-USE PROJECTS WITHIN THE SOUTH CENTRAL PENNSYLVANIA COUNTIES OF ADAMS, CUMBERLAND, DAUPHIN, FRANKLIN, LANCASTER, LEBANON, PERRY AND YORK. LHIFT PROVIDED $275,000 TO TWO DEVELOPERS DURING THE YEAR WITH AN AVERAGE INTEREST RATE OF 2.5%. THE LOANS WILL HELP CREATE 63 UNITS OF AFFORDABLE HOUSING FOR LOW AND MODERATE INCOME HOUSEHOLDS.GeographiesNot indicatedDatesJul 1, 2021 – Jun 30, 2022Source990No causes providedNo populations provided–$161.4K
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