Over the past few years, home prices and rental rates have risen faster than income, increasing the need for affordable housing. Lack of affordable housing presents a significant hardship for low-income households, preventing them from meeting basic needs such as nutrition and health care, or saving for their future.

According to the U.S. Department of Housing and Urban Development, an estimated 12 million renter and homeowner households pay more than 50 percent of their annual incomes for housing, and a family with one full-time worker earning minimum wage cannot afford local fair-market rent for a two-bedroom apartment anywhere in the United States.

RDF is keenly aware of the continuous need for affordable housing across the US and offers the following lending programs:

• Pre-development Loans
• Acquisition Loans for Vacant Land or Improved Lots
• Construction/Rehabilitation Financing for Multi and Single Family Units