Acts Housing’s mortgage lending division has received a federal designation that could open a new source of funding for the Milwaukee-based nonprofit’s homeownership programs.The U.S. Department of the Treasury certified Acts Lending as a Community Development Financial Institution, or CDFI, Acts Housing announced Thursday.
CDFIs are mission-driven financial institutions that provide loans and other financial services in lower-income communities and to borrowers who have historically faced difficulty accessing traditional financing.
The certification makes Acts Lending eligible to apply for grants and other federal funding administered by the Treasury Department’s CDFI Fund. Acts anticipates applying during the next grant cycle, scheduled to open in spring 2027.
“This is a major milestone that allows us to continue expanding our Acts Lending division and provide more families with much needed homeownership financing,” said Acts Housing President and CEO Michael Gosman in a statement...
The certification makes Acts Lending eligible to apply for grants and other federal funding administered by the Treasury Department’s CDFI Fund. Acts anticipates applying during the next grant cycle, scheduled to open in spring 2027.
“This is a major milestone that allows us to continue expanding our Acts Lending division and provide more families with much needed homeownership financing,” said Acts Housing President and CEO Michael Gosman in a statement...
Leo's notes: Acts Housing's CDFI certification demonstrates how mission-driven financial institutions can bridge the gap for families who may be creditworthy but underserved by traditional lenders. Access to additional federal capital will allow the organization to finance more home purchases, rehabilitate aging housing stock, and create wealth-building opportunities for first-time homeowners. Strengthening organizations that combine lending, education, and neighborhood revitalization is an investment not only in housing, but also in long-term community stability and economic mobility.
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- - Volume: 26 - WEEK: 30 Date: 7/20/2026 4:33:55 PM -