$2.75 Million Awardee
Homewise, Inc., located in Santa Fe, received the $2.75 million award. Founded in 1986, this innovative CDFI has made loans to help over 1,200 households buy and improve their homes and provided homeownership education to more than 3,000 people in the New Mexico market. Its user-friendly HomeSmart™ program is designed to help low-and moderate-income families build long-term financial wealth and security by fostering successful homeownership. The organization’s comprehensive array of customer-focused services include: classes on home improvement and repair; one-on-one counseling; fully underwritten, fixed-rate loans; dedicated real estate brokers; development and sale of new, affordable homes. “This validates our work in the community and our efforts to bring opportunity finance to people and neighborhoods that might not otherwise receive these financial benefits.” said Mike Loftin, Executive Director of Homewise, and recipient of the 2008 $2.75 million award.