Aafe Community Development Fund Inc

New York, NY   |  WWW.AAFECDF.ORG

Mission

AAFE COMMUNITY DEVELOPMENT FUND, INC. PROVIDES TARGETED TECHNICAL ASSISTANCE AND AFFORDABLE SECOND MORTGAGE LOANS TO ENHANCE HOME-OWNERSHIP OPPORTUNITIES FOR LOW AND MODERATE INCOME RESIDENTS OF NEW YORK CITY, INCLUDING ASIAN-AMERICANS, MINORITIES AND IMMIGRANTS.

Ruling year info

2000

Principal Officer

THOMAS YU

Main address

2 Allen St Fl 7

New York, NY 10002

EIN

13-4103352

NTEE code info

Other Housing Support Services (L80)

IRS filing requirement

This organization is required to file an IRS Form 990 or 990-EZ.

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Programs and results

What we aim to solve

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Our programs

SOURCE: IRS Form 990

What are the organization's current programs, how do they measure success, and who do the programs serve?

Program 1

CDFI AND LOAN PROGRAM - THE CDFI AND LOAN PROGRAM PROVIDES AFFORDABLE FINANCING TO HELP FIRST-TIME HOME BUYERS IN NEW YORK CITY WITH THEIR DOWNPAYMENTS; THUS LOWERING THE LOAN-TO-VALUE RATIO OF THEIR PRIMARY MORTGAGE. THIS PROGRAM ALSO OFFERS A RANGE OF AFFORDABLE DOWN PAYMENT, EMERGENCY REPAIR AND HOME REHABILITATION LOAN PRODUCTS.

Expenses
$194,203
Revenue
$124,684

HOME OWNERSHIP PROGRAM - THIS PROGRAM PROVIDES TARGETED TECHNICAL ASSISTANCE TO ENHANCE HOMEOWNERSHIP FOR LOW AND MODERATE INCOME ASIAN-AMERICANS AND OTHER MINORITY AND IMMIGRANT RESIDENTS OF NEW YORK CITY. SERVICES INCLUDE: FIRST TIME HOMEBUYER TRAINING, MORTGAGE REFERRAL AND ORIGINATION, HOMEOWNERSHIP RETENTION, LANDLORD COUNSELING, AND MORTGAGE DELINQUENCY AND DEFAULT RESOLUTION.

Expenses
$408,324
Revenue
$17,070

Where we work

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Financials

Aafe Community Development Fund Inc
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Operations

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This organization has no recorded board members.