Community Development Financial Institutions (CDFIs)

Focusing on low income and special needs housing and other real estate based economic projects within the state, the Washington Community Reinvestment Association administers three revolving loan pools totaling more than $105 million. Originally formed in 1992 as a consortium of 35 member institutions, today WCRA has added 11 additional financial institutions and increased its lending capacity by nearly 50 percent. To date, WCRA has funded and committed over $232 million in loans, representing 9,049 units of housing and 98,357 square feet of economic development project space. Read more about Washington Community Reinvestment Association...

Serving primarily rural communities in Washington and Oregon since 1995, in 2007, ShoreBank Enterprise Cascadia (SBEC) extended its small business loans and technical assistance to low-income individuals in urban communities, such as Seattle and Portland. As the largest CDFI in the Pacific Northwest, with more than $70 million in capital assets, SBEC has invested more than $60 million in over 400 businesses and has leveraged an additional $255 million in other investments. Read more about ShoreBank Enterprise Cascadia (Now Craft 3)...

Impact Capital provides financing support to non-profit community-based organizations throughout the Pacific Northwest. Within Washington, Impact Capital has been able to invest more than $92 million, while leveraging more than $2.1 billion in development, helping to contribute $22 to communities for every $1 invested. Since 1994, Impact Capital has helped finance more than 17,000 units of affordable housing, 13 childcare facilities, 11 community centers, two job training facilities, four arts and cultural facilities, and more than 500,000 square feet of retail and industrial space. Read more about Impact Capital...

Formed in December 1995, Albina's investors include large local nonprofit organizations as well as hundreds of individual shareholders who live throughout the city. In its first decade, the bank grew to have over $100 million in assets and four branches. Since 2002, over 6,800 jobs have been created or maintained as a result of bank lending. Read more about Albina Community Bank...

Started in 1990 as a housing and social service lender called CL Fund, Bridgeway Capital broadened its work by adding small business lending in 1994. Serving 15 counties across western Pennsylvania, Bridgeway Capital provides flexible financing and educational opportunities to small businesses and other organizations to ignite economic growth within the region.  To date, Bridgeway Capital has made nearly 900 loans, injecting $104 million in capital directly into the region and leveraging an additional $394 million in capital for its borrowers. It has helped create or retain 6,000 jobs since 2001.

Serving community members in the Washington Heights and Inwood section of northern Manhattan since 1978, the Washington Heights and Inwood Development Corporation operates a micro-business development program, child care business development services, and a micro business incubator for between 20 and 50 individuals (depending on the season). The group has helped create more than 500 micro enterprises since 1992 and has made 369 loans totaling $5.6 million since 1995. Of these loans, 96% have gone to minority- and 40% have gone to women-owned businesses. Read more about Washington Heights and Inwood Development Corporation...

Working in partnership with Asian Americans for Equality, the Renaissance Economic Development Corporation provides financing and technical assistance in low-income, immigrant neighborhoods in order to promote the creation of low-income, minority, women, and immigrant entrepreneurs. Since its founding in 1997, Renaissance has lent more $25 million to more than 700 small businesses and has provided technical assistance to more than 2,500 entrepreneurs. Read more about Renaissance Economic Development Corporation...

Seeking to ensure that all communities have timely and effective access to primary care, the Primary Care Development Corporation strives to increase the capacity and quality of primary care in underserved communities across the state. To date, the organization has invested more than $255 million into more than 84 primary care capital projects, leveraging $6 of private investment for each $1 of public investment. Read more about Primary Care Development Corporation...

Sponsored by more than 90 commercial banks, savings institutions, and insurance companies, the Community Preservation Corporation is a nonprofit founded in 1974 focused on stabilizing, strengthening and sustaining low-and mixed-income communities. Accomplishing its mission through helping developers finance and build affordable multi-family housing, the organization has invested more than $7.2 billion and has helped construct or save more than 157,000 new or rehabbed units throughout New York, New Jersey, and Connecticut. Read more about Community Preservation Corporation...