News from CRF

August 21, 2014

CRF issues $125 million bond to Community Development Trust, LLP

I am excited to share that CRF has issued a $125 million bond on behalf of Community Development Trust (CDT), LLP as part of the inaugural round of the Department of Treasury's CDFI Bond Guarantee Program. CDT will use the proceeds of the bond issue to support and expand the supply of quality affordable housing in underserved communities across the country.

We are proud of our partnership with CDT and how this new source of capital will help them have an even larger impact on families who need safe, long term affordable housing.

We plan to collaborate with even more CDFIs in the future to increase the reach of this innovative new source of capital to the underserved communities that need it most.

Read the press release to learn more.

Written by: Frank Altman , President and CEO

Posted by: CRFUSA

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