The Baltimore Community Development Financing Corporation was created as a financing intermediary in 1989 to promote the revitalization of neighborhoods within Baltimore City. The entity was federally certified as a nonprofit community development financial institution (CDFI) in 2002, changed its name to Baltimore Community Lending (BCL) in 2006.
Since inception, BCL has sought to strengthen neighborhoods through flexible financing, leveraging nearly $2200 million to produce over 4000 affordable homes and 450,000 square feet of commercial and community facility space. BCL has also directly assisted homeowners, providing capital to Baltimore homeowners, threatened by predatory lending, by refinancing $3.5 million of affordable mortgages, and administering training and technical assistance to homeowners for the completion of $2.7 million in home preservation repairs.
BCL has earned a reputation as an innovative CDFI—one that meets the financing needs in underserved Baltimore neighborhoods through direct capital investment, and serves as an effective investment conduit for institutions and individuals seeking to effect neighborhood change.