Community Development Trust, a New York-based private real estate investment trust that aims to preserve affordable housing nationally, is close to reaching the $1 billion mark for transaction volume. The REIT also recently received $125 million from the U.S. Department of Treasury’s Community Development Financial Institutions Bond Guarantee Program, which it will use to expand its national debt and equity business.

 
Joe Reilly

The company aims to bring capital to affordable housing across the country and can buy properties or originate or acquire debt. “We have got a lot of dollars to put out over the next eighteen months to two years,” said Joe Reilly, president and CEO, in an interview last week at the firm’s offices with REFI Managing Editor Samantha Rowan.

REFI: What’s CDT’s story?....

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