Community Investment Fund

The Community Investment Fund is a local, community-based, revolving loan fund developed through financial donations/contributions to support workforce homeownership. These financial resources are targeted at critical community workers to help them buy homes. When a homebuyer sells the home or refinances, they share part of the home’s increase in value. The rest of the money is recycled to help other eligible homebuyers.

Upon sale or refinance, the community shared-equity investment will be repaid along with a proportional percentage of the property appreciation.  For example, if the net proceeds from a sale in the example above was $500,000, the shared-appreciation return would be $8,350 (50,000 of appreciation multiplied by 16.7%, the proportion of community investment to the purchase cost).