Rocky Mountain Community Reinvestment Corporation is a private 501(c)(3) nonprofit corporation created by Utah banks to extend credit to sponsors of affordable housing. Initially established to serve the State of Utah, lack of consistently affordable and available affordable housing and community development financing in adjacent states has resulted in an extension of activity to Idaho, Wyoming, Nevada and Arizona. Rocky Mountain CRC financing must result in Community Reinvestment Act qualified loans/investments.
Through its 24 member bank network, Rocky Mountain CRC has originated over $189 Million in 129 CRA-qualified loans to fund the development of 6,657 apartment homes.
