Equity Trust

Since 2010, we have offered financing to charitable projects in Southeastern Connecticut, often involving the acquisition of property.  Until recently, we did not have a local partner positioned to ensure the permanent affordability of the properties that have benefited from Equity Trust Fund loans, though we were happy to make those loans anyway because of the borrowers’ importance to the community.  Now, after years of organizing, our allies in New London have formed a new Southeastern Connecticut Community Land Trust “to hold property in common ownership in order to expand and protect affordable access to housing, land for food production, green spaces, and facilities for community organizations, and thereby to counter community deterioration throughout Southeastern Connecticut.”  Our loan to them in 2018 enabled their first purchase, a two-family home that will provide affordable housing for low-income members of the community.