Washington

COMMUNITY REINVESTMENT FUND

Website: http://www.crfusa.com/

Community Reinvestment Fund, USA (CRF) is a national nonprofit organization based in Minneapolis, Minn. that has brought capital to community development lenders in low- to moderate-income communities since 1988. Since inception, CRF has channeled financing to create more than 19,000 units of affordable housing serving nearly 40,000 people.

CRF fills a gap in community development funding by bringing a larger amount of capital to the communities that need it most. This has a powerful impact, creating a huge ripple effect and improving more lives of disadvantaged people in distressed neighborhoods all across the country.

COMMUNITY DEVELOPMENT TRUST

Website: http://www.cdt.biz/

The Community Development Trust (CDT) is a national investor in affordable housing. Working with local, regional, and national partners, CDT makes long-term equity investments and originates and acquires long-term mortgages. In its fifteen years, CDT has invested $1 billion in debt and equity capital to properties in 42 states and regions — helping to preserve and create nearly 35,000 units of affordable housing. CDT is a private real estate investment trust (REIT), a certified Community Development Financial Institution (CDFI), an approved Fannie Mae affordable housing lender, and a member of the Federal Home Loan Bank of New York (FHLBNY).

A 121-unit complex in Yakima. The community supports families with two-, three- and four-bedroom units. Three quarters of the apartments are reserved for households earning less than 60% of area median income.

WASHINGTON COMMUNITY REINVESTMENT ASSOCIATION

Website: http://www.wcra.net

The Washington Community Reinvestment Association (WCRA) is a Seattle, Wash.-based nonprofit that promotes low-income housing, special needs housing, and economic development statewide through loans to developers and education and advocacy programs.

Since 1992, WCRA has funded and committed over $295 million in loans representing almost 11,278 units of housing and over 183,000 square feet of economic development project space. It has provided financing for affordable rental housing in 34 of 39 counties in Washington, amounting to 87% coverage of the state, and benefiting 99 communities. Approximately 58% of its lending is in rural areas.

A 51-unit mulitfamily property in Vancouver. The complex is reserved for low- and moderate-income residents. Twenty percent of the units are for large households and twenty percent are for special needs.

A 42-unit multifamily development in Sequim. The complex is reserved for families with low- to moderate-income. Nine of the units are designed for disabled households and nine of the units were created for large households.

A 25-unit mulitfamily property in Anacortes. All of the residential units are for families with low- and moderate-income. Additionally, twenty percent of the units are reserved for households with disabilities.

A 50-unit senior living property in Federal Way. The complex is reserved for low- and moderate-income seniors. Ten percent of the units are set aside for disabled households.

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