Program areas at CRF
Lending programs - founded in 1988, Community Reinvestment Fund, usa (crf) is a national non-profit organization and a leading Community development financial institution (cdfi). Crf works collaboratively with Community lenders and stakeholders to increase economic mobility, build strong local economies, and reduce the wealth gap in pursuit of a just economy that works for all. In partnership with others, crf co-creates and delivers programs, products and services that address the barriers and inequities small businesses with a history of underrepresentation face. Capital is provided directly to small businesses through direct lending programs including sba 7(a) and new market tax credits, as well as indirectly through programs such as the bond guaranty program. During the fiscal year 2023, crf provided financing totaling $26.6 million to small businesses across the country, leading to the creation or retention of more than 816 jobs.
Loan servicing and Fund administration - crf is a national loan servicer and Fund administrator that specializes in providing high-touch, customized service. With more than 20 years of experience, crf focuses on providing servicing and administration for mission-aligned organizations with a variety of asset types including commercial real estate, Community facilities, residential mortgages, equipment, and others. During the 2023 fiscal year, crf provided third party loan servicing support for 58 Community development lenders with volume of approximately 4,000 loans totaling $127 million. During the 2023 fiscal year, crf provided administration for 10 funds with asset totaling $87 million.
Technology solutions - crf offers technology solutions that support and enable access to affordable and responsible small business financing and improve the efficiency and scalability of mission-based lenders. These solutions are critical to many public-private partnerships across the country, as well aas partnerships between traditional banks and cdfis. During the fiscal year 2023, crf facilitated the origination of approximately 2,265 loans totaling $190 million.