We’re looking for Twin Cities-based small businesses that are making a lasting impact on their employees, customers, and neighbors. Minneapolis, MN – (July 31, 2017) Twin Cities entrepreneurs have an opportunity to win one of three grants (one $5,000 grant and two $2,500 grants) for their small business by applying through the Pathway to Success Small […]
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Community Reinvestment Fund, USA, Issues $100 Million in Bonds under the CDFI Fund Bond Guarantee Program
Program’s first issuance designed to finance and refinance residential home mortgages for low-income families MINNEAPOLIS – September 27, 2017 – Community Reinvestment Fund, USA (CRF), a Minneapolis-based nonprofit and Community Development Financial Institution (CDFI), issued a $100 million bond on behalf of Aura Mortgage Advisors, LLC (Aura). Aura is an affiliate of Boston Community Capital […]
CRF Says President Trump’s Budget Will Harm Efforts to Bring Jobs, Economic Growth and Opportunity
MINNEAPOLIS, MN – March 17, 2017 – Community Reinvestment Fund, USA (CRF) President and CEO Frank Altman released the following statement in response to President Trump’s proposed 2018 budget, which would all but eliminate the Community Development Financial Institutions (CDFI) Fund, cutting $210 million in funding. Community Reinvestment Fund, USA (CRF) is disappointed to learn […]
Community Reinvestment Fund, USA Announces Four New Board of Trustees Members
MINNEAPOLIS, MN – January 30, 2017 – Community Reinvestment Fund, USA (CRF), a Minneapolis-based non-profit, elected four new members to their Board of Trustees at the January 26, 2017 board meeting. The staff and current board are pleased to welcome Janie Barrera, President & CEO, LiftFund; Eileen Fitzgerald, President, Stewards of Affordable Housing for the […]
Help CRF Small Business Borrowers Win Up to $10,000
Vote for your favorite CRF borrower in the Calvert Foundation Small Business Competition Minneapolis, MN – (December 15, 2016) Six Community Reinvestment Fund, USA (CRF) borrowers – RoadSkulls, GrandChamps, Way Station, Eastlake Brewery, CW Consulting and Lucky Strike Lanes – are competing to win up to $10,000 in the Calvert Small Business Competition. The contest was open to […]
Community Reinvestment Fund, USA Wins Small Business Leader Award from Goldman Sachs 10,000 Small Businesses, the Surdna Foundation, and Opportunity Finance Network
Recognized for transformative financing strategies in disinvested communities FOR IMMEDIATE RELEASE ATLANTA (October 26, 2016) – Goldman Sachs 10,000 Small Businesses, the Surdna Foundation and Opportunity Finance Network (OFN) today announced that Community Reinvestment Fund, USA (CRF) is a recipient of the Small Business Leader Award (SBLA) for their transformative and innovative growth strategies. CRF is one of four Community Development […]
Community Reinvestment Fund, USA, Issues $165 Million in Federally Guaranteed Bonds
Top-rated lenders Capital Impact Partners, Low Income Investment Fund and Reinvestment Fund will support economic development projects across the nation MINNEAPOLIS – September 29, 2016–On behalf of three of the nation’s leading community development financial institutions (CDFI), Community Reinvestment Fund, USA, (CRF) has issued a $165 million bond in the fourth round of the U.S. Treasury […]
Community Reinvestment Fund, USA Receives $1.4 Million Financial Assistance Grant From U.S. Department of Treasury’s CDFI Fund
The grant will help enhance small business lending efforts in low-income and economically distressed communities. MINNEAPOLIS – September 27, 2016 – Community Reinvestment Fund, USA (CRF), a Minneapolis-based national non-profit and Community Development Financial Institution (CDFI), has been awarded a $1.4 million Financial Assistance (FA) grant from the U.S. Department of the Treasury CDFI Fund. […]
The Community Reinvestment Act
CDFIs help banks meet CRA requirements The Community Reinvestment Act (CRA) was passed by Congress in 1977 as part of an effort to ensure banks met the credit needs of all communities. The Act established a community reinvestment standard for banks to follow. Each bank is evaluated regularly by the Office of the Comptroller of […]
