How CIL’s FY ‘25 Financial Moves Unlock New Opportunities for Impact

BREAKING BARRIERS: A NEW NATIONAL CREDIT LINE

In April 2025, CIL secured a $45 million line of credit with KeyBank, featuring an additional $20 million incremental facility. This financing is more than a number on a balance sheet: it represents new flexibility for our reach. 

For the first time, CIL can develop community-based homes anywhere in the continental United States, removing the geographic limits that once restricted our reach. 

With support from KeyBank as lead lender—and the participation of Webster Bank, Westfield Bank, and Rockland Trust—CIL now has the backing of financial partners who share our vision. As CFO Maria Green explained:

“Their team understands the complexity and mission-driven nature of our work. With this partnership, we have the resources and flexibility to grow with our providers, wherever the need is greatest.”

This new capacity comes at a pivotal time. Across the country, nonprofit providers face rising demand for accessible housing while navigating staffing shortages and financial pressures. Now, CIL is positioned to meet those needs head-on, in any state where our expertise can make a difference.

WHY A CREDIT LINE? CIL’s credit line gives us the ability to move quickly on projects, rather than waiting for project-specific financing. For providers, this means faster timelines, fewer delays, and homes delivered when they’re needed most.

BUILDING ON STRENGTH: 
$20 MILLION BOND WITH ROCKLAND TRUST

CIL also celebrated a major financing milestone in Massachusetts: the closing of a $20 million tax-exempt bond with Rockland Trust. This bond supports the development of 15 community-based residences for individuals with disabilities, while also introducing a new Debt Service Reserve Fund (DSRF) structure that strengthens long-term financial security. 

The proceeds cover the permanent financing for every stage of development, from site acquisition, design, permitting, and construction, to soft costs like financing fees. Agencies lease the homes through predictable, fixed monthly payments. Once the bond is repaid, ownership of the homes will be donated to the agencies, ensuring a lasting asset and long-term sustainability.

This is the latest in a series of financings that have allowed CIL to scale its impact. With over $165 million in bonds supporting hundreds of homes, this model continues to provide a proven, replicable solution to expand housing opportunities for people with disabilities.

The Bottom Line: Financing Growth, Fueling Impact

These milestones are more than financial achievements — they are the foundation for broader reach and deeper impact. With new tools in place, CIL can move faster, serve more communities, and strengthen partnerships. By pairing financial strength with mission focus, we are not just building homes — 
we are building futures.

BY THE NUMBERS: 
$45M new national credit line secured
15 homes supported by Rockland Trust bond financing
Hundreds of homes developed across multiple states
$165M+ total in bonds currently
45+ years CIL's history of mission-driven housing

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