Citi Community Development and Springboard CDFI announced a major expansion of their nonprofit mortgage loan origination platform. The expansion gives the Nationwide Mortgage Collaborative better capacity to give credit access to under-served communities. With $1 million in help from Citi, 100 new CDFI and housing agencies will join the platform. Around $220 million in additional home loans is expected by 2019. Both Citi and Springboard are thrilled to see their partnership grow and their platform see even more success.
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