Core Insights - Community Housing Capital (CHC) is providing flexible capital through a Warehouse Line of Credit to help Community Development Financial Institutions (CDFIs) address liquidity constraints and offer more affordable mortgage options, thereby assisting families in homeownership [1][3] - The Illinois Policy Institute reports that 88% of low-income families in Chicago face significant housing costs, with two-thirds severely burdened, highlighting a local and national housing crisis [2] - CHC's partnership with CDFIs and local nonprofits aims to tackle financing challenges, ensuring more residents can achieve housing security and stability [3] Company Overview - Community Housing Capital (CHC) is a 24-year-old CDFI that has created or preserved over 24,396 units of affordable housing and facilitated $3.8 billion in total development since 2000 [5] - Neighborhood Housing Services of Chicago (NHS) is a nonprofit established in 1975, focused on providing affordable resources for residents to buy, fix, and maintain their homes, partnering with various stakeholders to strengthen neighborhoods [6] Program Details - The pilot program will make the Warehouse Line of Credit available to qualifying nonprofit affordable housing organizations nationwide, providing liquidity for new residential mortgages aimed at low-and-moderate-income buyers [4] - CHC will fund mortgages under the line of credit until they are sold to investors such as Fannie Mae, Freddie Mac, and regional banks [4]