Expanding opportunities in America’s cities

Aura Mortgage Advisors

Boston, Mass.
$3 million guarantee

Awarded

Committed:
2017

Aura Mortgage Advisors helps families who have a steady income – but can’t make their monthly mortgage payments due to hardship – remain in their homes. This guarantee supported SUN’s application to the CDFI Bond Guarantee Program (BGP). The successful application unlocked $100 million of long-term fixed-rate financing to scale SUN and encouraged the BGP to adjust its structure and underwriting criteria to permit a wider range of community development projects for financing.

Project:
Stabilizing Urban Neighborhoods (SUN)

Area Served

Area Served:
Connecticut, Massachusetts, Rhode Island, Maryland, Pennsylvania, Chicago and urban areas of New Jersey