Abode Communities

Abode Communities (Abode) is one of Southern California’s oldest and largest nonprofit affordable housing providers – since 1968, the organization has been working to address the disparity between income and housing affordability throughout California by creating supportive housing and providing social services to ensure that families, older adults, and unhoused individuals have the support needed as they work toward self-sufficiency and upward mobility. NFF provided a $2 million loan to Abode Communities in May 2019 for flexible pre-development financing to support their development pipeline. NFF’s loan was made possible by Bank of America, which connected community-based organizations like Abode Communities, a 2016 Bank of America Neighborhood Builder®, to low-cost capital that would further sustainable growth. With a three-year extension of their existing $2 million loan with NFF, Abode can keep funding multiple projects to further their mission of advancing affordable housing across California.