Startups
The Community Development Trust (CDT) works with local, regional, and national partners across the United States to make long-term equity investments and to originate and acquire long-term mortgages in affordable housing and select charter schools. CDT seeks to support affordable housing and community development.
Our mission is to ensure housing affordability and to enhance the quality of life for residents of low- and moderate-income communities.
Since 1999, CDT has invested over $2.0 billion in debt and equity capital into properties in 44 states and regions – helping to preserve and create over 51,000 units of affordable housing. CDT is a private real estate investment trust (REIT) and a certified national Community Development Financial Institution (CDFI).
Our mission is to ensure housing affordability and to enhance the quality of life for residents of low- and moderate-income communities.
Since 1999, CDT has invested over $2.0 billion in debt and equity capital into properties in 44 states and regions – helping to preserve and create over 51,000 units of affordable housing. CDT is a private real estate investment trust (REIT) and a certified national Community Development Financial Institution (CDFI).
Overview
Location
United States, New York
Employees
11-50
Total raised
$51.8M
Founded date
1998
Funding Rounds 2
| Date | Series | Amount | Investors |
| Sign up to see | Sign up to see | Sign up to see | Sign up to see |
| Jun 16, 2021 | Grant | $1.8M |
Mentions in press and media 10
| Date | Title | Description |
| Sign up to see | Sign up to see | Sign up to see |
| Jun 9, 2026 | CDT and Liam Moor Acquire Atlantic at Twin Hickory to Preserve Affordable Senior Homes in Glen Allen, Va | Atlantic at Twin Hickory offers on‑site amenities tailored to seniors, including updated common areas and laundry facilities, and is within walking distance of local parks, a recreation center, a public library and a YMCA that provides addi... |
| Apr 8, 2026 | CDT Completes $50 Million Capital Campaign to Further Scale National Affordable Housing Investments | New Capital Supports CDT’s Joint Commitment to Community Impact and Delivering Competitive Returns In a volatile market environment, CDT successfully raised new funds to support our mission of providing long-term capital to the communities ... |
| Apr 24, 2023 | CDT Invests in $1.2 Billion Acquisition Preserving More Than 10,000 Affordable Housing Units | CDT Invests in $1.2 Billion Acquisition Preserving More Than 10,000 Affordable Housing Units Joint Venture Partnership Known as Essential Housing Impact Partnership Acquires 90 Communities in 8 States By partnering with Michaels and UIG, we... |
| Aug 17, 2022 | The Community Development Trust Expands Management Team | "I am excited to welcome these highly experienced and accomplished executives to our leadership team," said CDT's President and CEO Joseph F. Reilly. "These appointments will support and accelerate CDT's continued growth in p... |
| Apr 7, 2022 | The Community Development Trust Appoints Michael Lear as Chief Business Development Officer | Michael Lear “Michael Lear’s business acumen and affordable housing expertise is unrivaled. He is a proven leader with a deep mission commitment and a strong track record in making economically successful, impactful investments,” said CDT P... |
| Feb 14, 2022 | Robin Hughes Named CEO of the Housing Partnership Network | My goal is to build on the legacy of the first 30 years and bring bold, innovative, and transformative solutions to addressing the nation’s housing crisis and scaling the impact of HPN’s members. BOSTON (PRWEB) February 14, 2022 The Board o... |
| Jan 3, 2022 | The Community Development Trust Appoints Jeff Crum as Vice President - Equity Originations | CDT Appoints Jeff Crum as Vice President - Equity Originations Jeff has extensive experience successfully – and creatively – navigating the complexities of affordable housing and community development finance. NEW YORK (PRWEB) January 03, 2... |
| Dec 8, 2021 | Just in time for the holidays: HACA subsidiary, Austin Affordable Housing Corp., partners with the CDT and CPC Mortgage Company to unlock affordable housing in Northwest | 350-unit Bridge at Ribelin Ranch Complex “The Bridge at Ribelin Ranch investment will help ensure that the city of Austin can continue to provide high-quality, affordable housing with access to its residents for many years to come,” says Mi... |
| Jul 7, 2021 | CDT Invests in Puerto Rico Affordable Senior Housing Developments | CDT Invests in Puerto Rico Affordable Senior Housing Developments We are proud to support the preservation of quality affordable housing in Puerto Rico. These properties will provide support services and transportation for 235 seniors. NEW ... |
Reviews 0
FAQ about The Community Development Trust
When was The Community Development Trust founded?
The Community Development Trust was founded in 1998.
How much funding has The Community Development Trust raised?
The Community Development Trust has raised $51.8M in total across 2 funding rounds.
What funding rounds has The Community Development Trust raised?
Parsers VC lists 2 funding rounds of The Community Development Trust, among them a grant of $1.8M on Jun 16, 2021.
What has the press written about The Community Development Trust?
Parsers VC has collected 10 articles mentioning The Community Development Trust, among them “CDT and Liam Moor Acquire Atlantic at Twin Hickory to Preserve Affordable Senior Homes in Glen Allen, Va” (Jun 9, 2026) and “CDT Completes $50 Million Capital Campaign to Further Scale National Affordable Housing Investments” (Apr 8, 2026).
Is The Community Development Trust still active?
Yes, The Community Development Trust is active; its latest activity on Parsers VC dates from Jul 30, 2026.