Our Mission and History
Capital for Change is dedicated to providing flexible, creative, and responsive financial products and services that support an inclusive and sustainable economy.
“Capital for Change is dedicated to providing flexible, creative, and responsive financial products and services that support an inclusive and sustainable economy."
||| Three Become One
Capital For Change was created through the merger of three CT Community Development Financial Institutions (CDFI) in 2016 - the CT Housing Investment Fund (CHIF), the Greater New Haven Community Loan Fund (GNHCLF) and the Community Capital Fund (CCF) in Bridgeport. The organizations merged to address overlapping markets, products and resources by combining their capital, lending programs, services and expertise to better serve more low-and moderate-income communities.
CCF - Community Capital Fund
With a shared goal of facilitating the flow of capital and expertise into housing and economic developments to benefit low- and moderate-income persons in the Greater Bridgeport area, Community Capital Fund was created in 2005 from a merger between the Bridgeport Neighborhood Fund, founded (1986) to provide loans for affordable rental housing, and the Grow Bridgeport Fund, created in 1996, and continued to provide loans to small businesses throughout Greater Bridgeport.
GNHCLF – Greater New Haven Community Loan Fund
The Greater New Haven Community Loan Fund was created by the Downtown Cooperative Ministry in 1987 to address the homelessness crisis through the creation of more affordable housing. With a primary focus on affordable housing lending throughout Greater New Haven, the Fund has overtime, addressed an array of other local needs including loans for nonprofit facilities and cash flow, administration of programs to assist in home purchase and home repair, and foreclosure mitigation counseling. Socially responsible investments have been a key component of the Fund's capital structure.
CHIF – Connecticut Housing Investment Fund
The CT Housing Investment Fund was founded in 1968 to address racial discrimination and promote housing integration in Hartford. It evolved from a fair housing advocacy organization to a statewide financial intermediary providing loans and assistance in affordable housing and energy efficiency and servicing loans for non-profits and government agencies.
||| Our REI Commitment
From its roots in the 1960s fighting racism in housing, Capital for Change (C4C) and its Board of Directors have focused on being an industry leader positively impacting racial equity and inclusion. C4C was intentionally designed to address and work to correct systemic racism in community lending and community development. C4C is committed to reaching out to and providing fair and equitable financing opportunities in Black and Brown communities, to combat and correct years of disregard and biased rejection. C4C strives to be the lender of opportunity by ensuring access to capital for underserved communities of color that want to grow businesses and build strong communities.
In furtherance of this commitment, C4C’s Board of Directors has established the Racial Equity and Inclusion (RE&I) Committee to guarantee a long-term strategy to ensure racial equity, accountability, and inclusion.
||| Core Four Values
At C4C, we are committed to providing impactful programs, products, and services that:
Create and maintain healthy, affordable housing
Foster environmentally conscious investment and development
Support businesses and nonprofits that create economic opportunity and well-being
Help develop diverse communities with informed, committed, and engaged individuals
2021 - 2022 Annual Report
We are pleased to provide our 2021-2022 Annual Report for the Fiscal Year ending March 31, 2022. Rebounding from the impacts of COVID, C4C had a busy year channeling recovery funding and staff resources to support our mission.