As a flexible financing source, Capital for Change, Inc. (C4C) provides early, riskier financing for development projects that align with our mission to create quality affordable housing for vulnerable populations. Currently, we have a number of pre-development and acquisition loans in our portfolio. In August 2018, C4C closed on a $100,000 loan to the Mutual Housing Association of Greater Hartford (MHAGNH) to help them in the early stages of developing 316 on the Park/Park Terrace II in the Frog Hollow neighborhood of Hartford. For years, MHAGH has been employing a neighborhood-based revitalization strategy to bring economic opportunity and quality affordable housing back to this low-income neighborhood. The loan is helping to pay for the architectural fees needed for a gut renovation of a 21-unit building and a moderate rehabilitation of 68 scattered units. C4C is also a partner with the Women’s Institute for Housing and Economic Development (WIHED) on three of their housing developments in progress. In West Haven, C4C provided a $100,000 predevelopment loan for the repurposing of a school into 55 units of affordable senior and veterans housing with supportive services. WIHED needed the financing to help cover environmental, engineering, and architectural costs prior to applying for state and federal subsidy programs. C4C has a long-standing knowledge of the affordable housing subsidy environment and mitigates risk by taking mortgages, guarantees or assignments of financing and by gaining a good understanding of the finances of both the borrower and the housing development.