COMMUNITY REINVESTMENT FUND, USA PARTNERS WITH MAYOR ADAMS AND SBS TO ANNOUNCE THE OPENING OF APPLICATIONS FOR A HISTORIC $75M “OPPORTUNITY FUND” TO HELP SMALL BUSINESSES LEAD PANDEMIC RECOVERY

Largest-Ever Public-Private Fund for Small Businesses Throughout Five Boroughs Breaks Down Historic Barriers to Financing

Partnership with Goldman Sachs, Mastercard, Community Reinvestment Fund, CDFIs Delivers on Key Pillar of Mayor Adams’ “Blueprint for Economic Recovery”

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.

CRF has promoted longtime VP of Finance and Controller Paul Tremewan to Senior Vice President & Chief Financial Officer.

Charity Vickers brings extensive human resources experience to CRF leadership team.

Of the $355 million issuance that was announced, CRF will issue a $100 million bond on behalf of Low Income Investment Fund (LIIF).

Leaders from the Community Development Financial Institution (CDFI) industry, along with investors, philanthropic supporters, government agencies, and other partners recently came together in the spirit of collaboration for the CDFI Small Business Recovery Fund Summit in Atlanta, GA.

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 announced that Frank Altman will retire as chief executive officer of CRF after co-founding the organization and providing more than 35 years of service. Altman will continue to lead the organization through the transition and search process.

MinnPost article co-authored by Catalyst Coalition organizations