Distressed Debt Fund Program Grant
organisation
An organisation based in United States
In context
This call is open to non-profits, social enterprises and community groups, at scale-up and mature. Coverage is read from the notice itself: United States.
This is a debt-restructuring investment programme that acquires distressed mortgages and land contracts in underserved communities, restructuring them to reduce foreclosures and increase homeownership for low- and moderate-income families. The fund targets risk-adjusted returns alongside social impact, modeled on crisis-era programmes.
About this grant
Invests in distressed mortgages and land sale contracts in underserved communities, restructuring them to lower monthly payments, reduce foreclosures, and increase homeownership among low-income and moderate-income families. Targets compelling risk-adjusted returns with a double-bottom-line model. Modeled on programs scaled nationally during and after the 2007 Global Financial Crisis.
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Frequently asked questions
- Who can apply for Distressed Debt Fund Program?
- Eligibility covers organisations in US; nonprofit, social-enterprise, community-group. The full eligibility conditions are part of the Pro detail.
Relevant sectors
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