Documenting Community Impact
Helping you create a significant impact on the communities you serve is integral to CRF’s mission. Consequently, we require our lending partners to define and quantify the effect of loans. Not only does it help us gauge the effectiveness of our relationship with you, but it also provides our funders with the data they seek about the results of their investments.
We ask all our lending partners to provide specific information when we begin considering your loan for approval. Some reporting standards apply to all loans, while other standards apply only to certain types of loans.
Here are examples of the types of information we will need. However, specific questions vary, depending on the type of loan:
- Name, location and type of project
- Number of current and projected jobs, even if it’s zero
- Number of women and minority jobs created or retained
- Unemployment rate for area in which project is located
- Gender of borrowers and percentage of male to female ownerships on all loans
- Minority status of the borrowers (requested, but not required)
- Whether the property is in a brownfield area, will remove blight, has an environmental component or other related circumstance (please provide the appropriate information)
- If the borrower is disabled, employs or serves disabled people (requested, but not required)
- Number of affordable housing units created
For a complete list of data we collect, please see Standards for Community Impact Data Collection (PDF).