Carmel Housing Development Fund Company Inc

Carmel Housing Development Fund Company Inc, as a nonprofit organization, is dedicated to supporting low-income housing and related facilities for individuals who fall into the categories of low-income persons, elderly persons, and handicapped persons in need. The organization accomplishes this mission through program-related investments. It extends its support to a broad range of individuals within these categories, aiming to make a significant impact on their living situations.

In concrete terms, Carmel Housing Development Fund Company Inc achieves its mission by holding a note that it has classified as a program-related investment in an entity providing low-income housing. This entity caters primarily to distressed residents who receive rent subsidies through the HUD Section 8 program. By investing in such entities, Carmel Housing Development Fund Company Inc plays a vital role in making affordable housing options available to those who might otherwise struggle to secure adequate living conditions.

In summary, Carmel Housing Development Fund Company Inc's mission revolves around providing support for low-income housing and related facilities for a diverse group of individuals. Through program-related investments, the organization contributes to the development and maintenance of affordable housing options, ultimately aiming to improve the living conditions of those most in need.