From Cleveland.com (April 6, 2021)
CLEVELAND, Ohio — A Cleveland nonprofit that provides and builds housing for low-income residents has formed a new wing to provide smaller mortgages to prospective homebuyers who have historically been unable to get such loans from bigger banks.
CHN Housing Partners formed the lending subsidiary CHN Housing Capital in 2019, but it is now marketing its first mortgages. There are no earning restrictions for a program the nonprofit is calling “The Believe Mortgage,” but it’s generally targeted at lending $70,000 or less to those with low or moderate income.
