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 […]
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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 […]
Own Sweet Own: Detroit Home Mortgage
Thanks to funding support from the Kresge Foundation, the Ford Foundation, Michigan State Housing Development Authority and Huntington, FirstMerit, Flagstar, Talmer and Liberty Banks, CRF was able to launch Detroit Home Mortgage. Read below to find out how it will help increase home ownership in the city of Detroit The ProblemWhile there were a significant number […]
Community Reinvestment Fund, USA Receives $2 Million Grant From Sam’s Club Giving Program
The grant will help CRF reduce loan acquisition costs and provide new technology solutions to other mission-driven lenders MINNEAPOLIS – May 18, 2016 – Community Reinvestment Fund, USA (CRF), a Minneapolis-based national non-profit and Community Development Financial Institution (CDFI), has been awarded a $2 million grant from Sam’s Club Giving Program. The grant will help […]
Everyone should have access to healthy food
At CRF, we believe access to healthy food should be a right. We help finance organizations such as Houston Food Bank, which distributes more than 74 million nutritious meals per year. We also work with others to develop creative ways to finance access to healthy food. As members of Advocates for the Good Food Access […]
Industry Trends
As part of its Q1 earnings press release, the board of directors of Lending Club announced last week that it had accepted the resignation of Renaud Laplanche as Chairman and CEO following an internal review of sales of $22 million in near-prime loans to a single investor. This announcement also presented the company’s first quarter […]
