CRF in the news

December 14, 2012

President's Report: Creating jobs and changing lives with innovative finance

A message from our President & CEO

Forging ahead and revitalizing communities

Once again, we're thinking big here at Community Reinvestment Fund, USA (CRF). While the economy is improving, too many Americans still need stable, well paying jobs; safe, affordable housing; and access to healthy foods, quality education, and community services.

That's why we're amplifying our efforts to provide opportunity for all. I'm pleased to report that CRF ended fiscal year 2012 solidly in the black. With your support, we delivered $140.98 million in loans to businesses and non-profits in distressed communities, and helped nearly 9,500 people with jobs, services, and housing.

In the past 12 months, we updated our mission, broadened our partner network, rolled out a mission driven SBA 7(a) loan program, and greatly expanded our commitment to multi-family affordable housing.

We also received significant federal support for our work, including a $75 million New Markets Tax Credit allocation and our first $1.4 million financial assistance award from the CDFI Fund.

These tools--and your support--will enable us to make an even bigger difference in our nation's low-income communities in the months ahead.

Together, we can fulfill our vision. We believe every job is a promise that builds families, communities, and futures. With your help, we can energize entire neighborhoods and trigger a ripple effect of positive impact across the country.

Sincerely,

Frank Altman

READ FULLĀ PRESIDENT'S REPORT

Posted by: CRFUSA

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