crfprogramdev

SOAR Fund

SOAR Fund

Launched in April 2021, the Southern Opportunity and Resiliency (SOAR) Fund provided affordable financing and free business support to services to eligible small businesses and nonprofits across the southern and southeastern United States to help them rebuild from the COVID-19 pandemic.   The SOAR Fund included 12 Community Development Financial Institution (CDFI) participants that made loans […]

Thank You

Thank You CRF USA Logo

By: Frank Altman, founding CRF CEO On my last day serving as CRF CEO, I can’t help but think of my very first day. On July 6th, 1988, alongside two others, I co-founded CRF with the goal of delivering capital to communities with a history of underinvestment. On that day nearly 35 years ago, I […]

CRF names Matthew Roth as next chief executive officer

CRF names Matthew Roth as next chief executive officer Photo of Matthew Roth, CEO of CRF, USA

Community Reinvestment Fund, USA (CRF), a national, non-profit Community Development Financial Institution (CDFI) with a mission to improve lives and strengthen communities through innovative financial solutions, today announced that Matthew Roth will become the organization’s next Chief Executive Officer, effective March 1, 2023. Matt succeeds Frank Altman, CRF’s founding CEO, who announced his retirement earlier this year. Korn Ferry conducted the national search.

Community Reinvestment Fund, USA Promotes Paul Tremewan to Senior Vice President & Chief Financial Officer

Community Reinvestment Fund, USA Promotes Paul Tremewan to Senior Vice President & Chief Financial Officer Paul Tremewan

Community Reinvestment Fund, USA (CRF), a national, non-profit Community Development Financial Institution (CDFI) with a mission to improve lives and strengthen communities through innovative financial solutions, has promoted longtime VP of Finance and Controller Paul Tremewan to Senior Vice President & Chief Financial Officer.

Community Reinvestment Fund, USA Names Experienced HR Leader Charity Vickers Chief People Officer

Community Reinvestment Fund, USA Names Experienced HR Leader Charity Vickers Chief People Officer

MINNEAPOLIS, Minn. October 26, 2022 — Community Reinvestment Fund, USA (CRF), a national, non-profit Community Development Financial Institution (CDFI) with a mission to improve lives and strengthen communities through innovative financial solutions, has named Charity Vickers its chief people officer. With a 20-year history of leading HR for several prominent insurance companies, Vickers will now lead […]

CDFI Fund Issues $355 Million in Guarantees under the Bond Guarantee Program

CDFI Fund Issues $355 Million in Guarantees under the Bond Guarantee Program

In a historic moment for the Community Development Financial Institution (CDFI) Bond Guarantee Program, the U.S. Department of the Treasury’s CDFI Fund announced that it will issue three guarantees totaling $355 million under the CDFI Bond Guarantee Program, the largest issuance in the program’s history. Through the Bond Guarantee Program, eligible CDFIs have access to fixed […]