The Genesis Community Loan Fund is a critical link in the development of affordable housing and delivery of services in Maine. Our mission is to bring together resources to create housing and other economic and social opportunities for underserved people and communities. Genesis, a certifed Community Development Financial Institution (CDFI), is a statewide nonprofit organization that began in 1992. What is a CDFI?

Genesis provides innovative financing by soliciting low-interest loans from individuals, churches, corporations and foundations, and then re-lending the money to nonprofit organizations developing affordable housing and community facilities in underserved neighborhoods and needy communities. If requested, Genesis provides substantial technical assistances to the sponsors of capital projects that will create housing and community development opportunities.

Since 1992, the Genesis Fund has made $10.4 million in loans to 150 projects in Maine. These loans have created or improved 1040 units of affordable housing for Maine's most vulnerable populations: single mothers and their children, low-income working families, the elderly and disabled, the chronically mentally ill and the homeless. Genesis has also provided technical assistance to 73 community organizations, helping them to acquire or develop housing or community facilities and access state and federal funding.