AAFE Community Development Fund (AAFE CDF) is a richly experienced organization in the field of homeownership outreach, education, and counseling. AAFE CDF is dedicated to promoting and advancing homeownership for minority, immigrant, low- and moderate- income, and underserved populations of New York City. Since its inception in 1999, AAFE CDF has secured over $295 million in mortgage financing for over 1,950 clients, while providing counseling to some 8,000 prospective homeowners.
In 2010, AAFE CDF served 336 new clients through individual pre-and post-purchase counseling. In addition, AAFE CDF assisted 100 first-time homebuyers in securing mortgages and were able to keep 42 current homeowners from losing their homes. Through a combination of services and loan products, AAFE CDF has been able to facilitate the homeownership experience for many New Yorkers.
Aside from providing housing counseling services, AAFE CDF also oversees the scattered site single-family housing development work of its affiliate, Community Homes Housing Development Fund Company. Under AAFE CDF’s management to date, Community Homes has completed over 40 rehabilitations and new constructions of affordable homeownership projects based on the model of acquisition/rehab/resale.
To read more about our services and loan products or to see how you may benefit, please visit them here:
Downpayment Assistance Loan