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CDT grows affordable housing finance model after $50 million raise

Nareit says CDT has about $3 billion under management in debt and equity capital across its affordable housing portfolio.

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Nareit reports that Community Development Trust, a private REIT and certified community development financial institution, is expanding its affordable housing finance approach as higher interest rates and tight capital make deals harder to secure.

The outlet says CDT uses a hybrid structure that pairs a debt platform with an equity platform, which it can use to finance new construction, acquire existing affordable communities, and draw income from multiple parts of the capital stack while still pursuing mission outcomes.

According to Nareit, the company has been originating what it describes as very strong debt volume, selectively adding properties to its equity portfolio, and strengthening its balance sheet after completing a $50 million capital raise.

Nareit adds that CDT currently has about $3 billion under management in debt and equity capital across its affordable housing portfolio.

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