Center for Community Self-Help

In 1985, Self-Help began making home loans to North Carolina families unable to secure conventional mortgages. Looking to expand its community development impact, Self-Help worked with Fannie Mae to create more home-buying opportunities for underserved borrowers in the late 1980s. Later, Self-Help partnered with Fannie Mae and the Ford Foundation in 1998 to create the Community Advantage Program which provides credit enhancement to conventional lenders. The Community Advantage Program reportedly awarded over $2 billion in affordable home mortgage loans to minority and low-wealth homebuyers nationwide over a five-year period. After analyzing the data from this program, Self-Help determined that low-income borrowers are good credit risks when they are offered responsible loans at fair rates.

In the late 1990s, homeowners began coming to Self-Help Credit Union seeking help to avoid foreclosure after unscrupulous subprime lenders had siphoned off their home equity. In response to predatory loans, Self-Help worked with a state coalition in 1999 to help pass the North Carolina Predatory Lending Law, the first such law in the country. In 2002, Self-Help established the Center for Responsible Lending (CRL) to build on initial successes and expand our focus nationally, and to tackle practices such as payday lending in addition to mortgage lending. Since 2002, CRL has worked with community advocates, policymakers and industry groups to fight against outrageous lending abuses that strip billions of dollars from American families.

Expansion

In recent years, Self-Help's credit union network has expanded.

Controversies

In 2024, Self-Help Ventures Fund, an affiliate of Self-Help Credit Union, was named one of three primary partners in the Climate United Fund, which received a $6.97 billion grant from the U.S. Environmental Protection Agency under the National Clean Investment Fund program. The award faced criticism from EPA Administrator Lee Zeldin, who described the selection process as rushed and lacking transparency. Following the grant, a Freedom of Information Act request was filed concerning communications between the CDFI Fund and Self-Help affiliates, after it was revealed that a senior CDFI Fund official had previously worked for Self-Help Ventures Fund. Republican lawmakers also raised concerns about potential ethical conflicts and favoritism in the grant’s administration.