Organization: COMMUNITY REINVESTMENT FUND INC
Mission: TO EMPOWER PEOPLE TO IMPROVE THEIR LIVES AND STRENGTHEN THEIR COMMUNITIES THROUGH INNOVATIVE FINANCIAL SOLUTIONS.
Activities: LENDING - AS A NONPROFIT, MISSION DRIVEN ORGANIZATION, COMMUNITY REINVESTMENT FUND (CRF) PROVIDES OTHERWISE UNAVAILABLE LOAN CAPITAL TO COMMUNITIES, SMALL BUSINESSES, ENTREPRENEURS, NONPROFIT ORGANIZATIONS AND HOUSING ORGANIZATIONS. DURING THE FISCAL YEAR 2020, CRF PROVIDED FINANCING TOTALING $189 MILLION IN 11 STATES. THE LOANS PROVIDED BY CRF RESULTING IN THE CREATION OR RETENTION OF MORE THAN 800 JOBS.
LOAN SERVICING - CRF IS A NATIONAL STANDARD & POOR'S-RATED LOAN SERVICER THAT SPECIALIZES IN PROVIDING HIGH-TOUCH, CUSTOMIZED SERVICE. WITH MORE THAN 20 YEARS OF EXPERIENCE, CRF FOCUSES ON SERVICING NON-TRADITIONAL LOAN PORTFOLIOS AND SERVING MISSION-ALIGNED ORGANIZATIONS. DURING THE 2020 FISCAL YEAR, CRF PROVIDED CONTRACT LOAN SERVICING FOR 59 COMMUNITY DEVELOPMENT LENDERS, REPRESENTING A VOLUME OF APPROXIMATELY 6,800 LOANS TOTALING $731 MILLION.
NTEE category: Community Improvement & Capacity Building
Secondary category: Housing & Shelter