ABOUT US

Founded in 2010, CDFA is a non-profit Community Development Entity (CDE) with a mission of deploying capital in underserved communities in Utah by providing below-market financing coupled with strong technical assistance. CDFA’s staff, board members and consultants have extensive expertise in both New Markets Tax Credits (NMTC) financing and community development.

We work with nonprofits and government agencies who lack real estate development experience or the staff capacity to secure financing for complex projects on their own. Our services include assisting clients on structuring financing, securing debt and equity investments, and navigating the finance and development processes. Working with project sponsors, we access the financial benefits of NMTCs to expand and develop facilities that are critical to Utah’s distressed urban and rural communities. 

In 2021, CDFA expanded its financial services offerings to local nonprofit community development organizations with the launch of its Flexible Community Development Loan Program. Designed for borrowers with financing needs outside of the loan products typically offered by financial institutions, potential loans under the program include unsecured lines of credit, short-term bridge loans, land acquisition, and pre-development loans. Loan sizes range from $500,000 to $2,500,000 with terms from 1-5 years. We work with our potential borrowers to create a loan that fits their needs. In alignment with CDFA’s mission, loans are available only to nonprofit community organizations serving low and moderate-income residents and/or operating in low and moderate-income communities in Utah.