CRF will use the $325 million issuance to support three CDFIs
The U.S. Department of the Treasury’s Community Development Financial Institutions Fund (CDFI Fund) has announced the issuance of $325 million in bonds to CRF through the CDFI Bond Guarantee Program (BGP).
With this issuance, CRF will issue bonds on behalf of three organizations, including the Community Development Trust, The Reinvestment Fund, and IFF. Each organization is dedicated to serving under-resourced communities and these funds will help them maximize the impact of their work across their respective focus geographies. Since 2014 CRF has issued more than $1 billion through BGP.
