Sentences with phrase «nonprofit lenders believe»

Not exact matches

Several state housing finance agencies have designed programs, specifically for use with Section 203 (k) and some lenders have also used the expertise of local housing agencies and nonprofit organizations to help manage the rehabilitation processing.The Department also believes that the Section 203 (k) program is an excellent means for lenders to demonstrate their commitment to lending in lower income communities and to help meet their responsibilities under the Community Reinvestment Act (CRA).