A nonprofit community loan fund, Baltimore Community Lending (BCL) provides financing to develop affordable housing, community facilities, and mixed used developments in underserved Baltimore neighborhoods. Established in 1989 and certified as a CDFI in 2002, BCL is credited with leveraging nearly $160 million to produce 3,750 affordable homes and 450,000 square feet of commercial and community facility space. It has also helped Baltimore households threatened by predatory lending by providing the capital needed to refinance $3.5 million into affordable loan mortgages, and by administering training and technical assistance to homeowners to complete $2.7 million in repairs so that they could preserve their homes.
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