CASA of Oregon received certification as a Community Development Financial Institution (CDFI) from the US Treasury in 2000. Originally designed to address the predevelopment funding needs of non-profit organizations developing affordable housing and community facilities, our CDFI has since expanded to include construction and permanent financing to eligible borrowers. Eligible borrowers are either non -profit, semi-public or public entities.
Predevelopment Loans: Predevelopment loans have historically been difficult and expensive to obtain. To address this need CASA has created a product that is structured to reduce both the cost and the difficulty of receiving a predevelopment loan for eligible projects.
Construction Loans: Our construction loans are limited in the amount of funding available and are usually made to projects that have been awarded farmworker tax credits (FWTC), where the funding of the FWTC come in at construction completion and certificates of occupancy.
Manufactured Housing Park Preservation Loans: In 2008 CASA developed a permanent loan product to provide secondary financing to resident-owned communities for the purchase of their manufactured housing park (MHP). These loans provide the funding needed to complete the purchase and cover the soft costs of the closing.