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The future of CDFIs will shape the future of affordable housing

March 30, 2026

When we talk about the future of community development financial institutions (CDFIs), we are really talking about the future of who gets to participate in our economy. CDFIs are often described as niche lenders or mission-driven intermediaries. In reality, they are foundational financial connective tissue between capital and historically overlooked…

Quote card: "If housing is foundational to economic mobility, then we must invest in the people and institutions that make housing possible. That means treating community-based developers as viable businesses, protecting CDFIs as essential financial infrastructure, and aligning our capital with our commitments to equity and opportunity." - Tosha Tabron, Director of Originations, The Kresge Foundation, Social Investment Practice

Q&A: What shifting federal priorities, capital gaps mean for affordable housing lenders

March 30, 2026

As the community development finance field looks ahead, housing lenders are navigating a period of both uncertainty and opportunity. Sarah Brundage, president and CEO of the National Association of Affordable Housing Lenders (NAAHL), works at the intersection of policy, capital markets and the mission-driven lenders responsible for much of the nation’s affordable…

"I would describe this moment as consequential. The systems we’ve built to deliver affordable housing and related services are either going to shrink and some fail, or we could come out of this moment more focused, efficient and impactful." - Sarah Brundage, President and CEO, National Association of Affordable Housing Lenders

Q&A: The future of affordable housing financing and the role of CDFIs

March 30, 2026

As the community development finance field looks toward its next chapter, housing-focused community development financial institutions (CDFIs) are confronting new questions about scale, efficiency, and how best to support the next generation of developers. Melinda Clemons, vice president at Enterprise Community Partners, brings a perspective shaped by years of work…

"In markets without CDFIs, capital gets stuck at the institutional level. A great aspect of CDFIs is that they aggregate resources to flow into communities that might otherwise be overlooked. " - Melinda Clemons, Vice President & Central Midwest Market Leader, Enterprise Community Partners

Kresge invests $9M to advance affordable housing pipeline in Detroit and Fresno

March 26, 2026

New investments support homebuyers, mission-driven developers and community lenders at pivotal moments The Kresge Foundation has committed $9 million in program-related investments (PRIs) to strengthen housing and homeownership opportunities in Detroit and Fresno, supporting mission-driven partners working to expand access to affordable housing, stabilize neighborhoods and build generational wealth. “Homeownership…

Rapson: Ten years of proving that water, climate and equity belong in the same conversation

March 25, 2026

This commentary is adapted from Kresge President & CEO Rip Rapson’s remarks at the 2026 Climate Resilient and Equitable Water Systems (CREWS) initiative convening in New Orleans this week. For the ten-year anniversary of the CREWS initiative, Kresge’s Environment Program brought together more than 100 people from community organizations, governmental…

Kresge President Rip Rapson standing behind a podium gives a speech with a screen behind him that reads: CREWS Convening 2026 - New Orleans