What Institutional Investors Say about CRF

“US Bank believes strongly in supporting new ways of strengthening the community development finance system. That’s why we were an early champion of CRF’s, extending the organization its first warehouse line of credit in 2000.

We’ve continued to support CRF across its spectrum of funding needs — from grants and market rate securities to New Markets funds and EQ2s — as we’ve found these investments truly create the social impact we desire.”
— Gerry Thole, Senior Vice President, US Bancorp Community Development Corporation

“In order to carry out our positive social purpose investment program, we rely on long-term partnerships with financial intermediaries like CRF. Not only have we invested in transactions backed by more than $200 million in affordable housing loans brought to us by CRF since 1999, we also invest in the organization’s rated securities backed by small business loans. We are committed to continuing these types of transactions and look forward to growing our partnership with CRF to potentially include loans for community facilities. Our participants have realized excellent risk-adjusted returns from these programs, and we are committed to continuing to expand our investments through CRF and other socially-motivated financial organizations.”
— David Zellner, Chief Investment Officer, General Board of Pension & Health Benefits of The United Methodist Church