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 […]
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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 […]
Detroit Home Mortgage taps local community development veteran to lead initiative
Krysta Pate joins Detroit Home Mortgage in the program’s new downtown office space. DETROIT– Detroit Home Mortgage, the innovative new program designed to make Detroit home buying more accessible, announced today that community development expert Krysta Pate will lead the initiative as program director. Community Reinvestment Fund, USA (CRF), which administers Detroit Home Mortgage, also […]
Partner Spotlight: OBDC Small Business Finance
CRF is proud to collaborate with organizations that have a passion for helping small businesses, particularly those owned by minorities, women and veterans or that are located in low-income communities. This month’s spotlight shines on one of our amazing partners, OBDC Small Business Finance Mission: to create economic opportunity by empowering entrepreneurs OBDC Small Business […]
CRF leads development of game-changing Detroit Home Mortgage, aimed at increasing homeownership and reinvestment in Detroit’s neighborhoods
DETROIT – Community Reinvestment Fund, USA (CRF) led the development of an innovative new program to make Detroit home buying easier, collaborating with Detroit Mayor Mike Duggan, the Obama Administration’s Detroit Federal Working Group, Clinton Global Initiative, local banks, foundations and nonprofits. The result – Detroit Home Mortgage – was unveiled today: a new mortgage program to help solve […]
Accessing Investment Capital through the CDFI Bond Guarantee Program – Free Webinar 2/18
Accessing Investment Capital through the CDFI Bond Guarantee Program The CDFI Bond Guarantee Program is an innovative federal credit program that offers credit-worthy certified CDFIs access to affordable long-term capital. In this free Connecting Communities session, learn how this unique program incentivizes and empowers CDFIs to execute large-scale projects, including the development of commercial real […]
Public Votes to Select Winner of Twin Cities Boost Small Business Contest
Minneapolis, MN – (January 25, 2016) The public will choose one of 12 Twin Cities semi-finalists to win $3,000 for their small business in the Boost Small Business contest sponsored by Connect2Capital. Semi-finalists were selected based on their business story, community impact and how they will use the money to “boost their small business.” Semi-finalists: […]
