Member FDIC. Equal Housing Lender.

Affordable Housing

Banking Services Built for Affordable Housing

Whether you’re building, refinancing, rehabilitating, or managing day-to-day cash flow, our experienced affordable housing team is here to simplify the process, supporting you every step of the way. As a CDFI and certified B Corp bank, we specialize in serving those seeking loans for nonprofit organizations and affordable housing construction loans.

Connect with a Banker

The groundbreaking of a new development project in Seattle, with people lined up with shovels.

Serving the Full Affordable Housing Sector

You deserve high-quality banking support, from groundbreaking to long after residents move in. Our customized lending and treasury services support the entire affordable housing sector and its residents across California, Oregon, and Washington. As a Housing California CDFI member, we proudly partner with organizations advancing housing justice.

We serve:

Developers
Owners
Syndicators
Property managers
Foundations
Service providers for residents

Our Approach

High-Touch Partnership with Our Experts

You'll work closely with experts who combine decades of experience with a deep understanding of your daily challenges, including treasury management and navigating LIHTC requirements.

Products Built to Maximize Your Impact

Our lending and treasury solutions are built for this, from construction-to-permanent loans to IDA accounts for your tenants, all designed to advance your mission.

Banking that Aligns with Your Values

We're a proud leader of the ethical banking movement, proving that banking can be a force for good. This model ensures your capital works harder for your mission of tackling the housing affordability crisis.

Whenever we hit rough water, we needed to instill confidence in the project. What was great about working with Judy, Matt, Fernando, and everyone was that they’d say, ‘Yep, there’s always something unexpected, and we know you’ll get through it.’ And we did. It's that confidence that means a lot.

Read the Full Case Study

Mockups of the El Nido affordable housing development

Brian Shelton-Kelley

Real Estate Development Director

Hacienda CDC

Lending Services

Designed to meet your unique needs, our loan products offer high-touch service, reduced fees, and more. As a CDFI affordable housing lender, we specialize in financing that strengthens long-term affordability.

The scaffolding of a building under construction

Construction to Permanent Loans

Built for LIHTC developments, with features that support complex, multi‑phase projects. These LIHTC construction loans and affordable housing construction loans include:

Interest‑only terms during construction
Phased draws to match project timelines
Flexible structures tailored to affordable housing needs

Two construction workers discuss something on a construction site

Permanent Financing

Long‑term financing that's ideal for affordable housing preservation loans, recapitalization, and long-term stability.

No loan origination fees, reduced closing costs, & competitive fixed rates
High‑touch client service & efficient underwriting and closing
Alignment with a bank whose mission is your mission
FHLBSF AHP sponsor

Refinances

Solutions that help you preserve affordability and reinforce long‑term portfolio health:

Pricing designed to maintain affordability
Options that support recapitalization and legacy asset preservation
Specialized refinancing for affordable housing preservation loans

A woman and child sit in a living room surrounded by moving boxes

Lines of Credit

Flexible, short‑term funding to support operations and cash flow:

Integrated treasury tools
Renewal options for ongoing liquidity
Mission-aligned affordable housing line of credit options
Nonprofit line of credit solutions tailored to your cash-flow needs

Beneficial State Bank debit cards on a bed of flowers

Treasury & Deposit Services

Streamline your cash flow while aligning your dollars with your values.

Business operating accounts & treasury management
Merchant capture
Nonprofit checking & savings
Interest-bearing money market accounts & certificates of deposit
IntraFi partnership

For Your Residents

Designed to give your residents access to fair and inclusive banking to uplift and fuel their futures.

Deposits & Individual Development Accounts (IDAs)
Credit-building auto loans and credit cards
Financial wellness educational workshops

Moving Closer to Affordable Homes for All

17,143

affordable housing units financed since 2007.

50%

of our 2024 commercial loan originations went to affordable housing.

$150 million

in current outstanding affordable housing loans.

to private prisons, weapons, or fossil fuels since we were founded.

Impact data as of December 31, 2024. Read our impact report.

How We're Different

We were founded to prove that banking can be a mighty tool for social and environmental good. That means investing in what helps, avoiding what harms, keeping our products fair, and reducing our carbon footprint. We're proud to hold certifications including CDFI, B Corp, and Fossil-Free. See all our certifications.

We're a group of folks who fiercely care about our local communities and are determined to use banking to make things better. If that resonates with you, we invite you to join us.