Program Related Investments

What PRI investors say about CRF --

"As a national leader in community development, Bank of America recognizes the significant role CRF plays in targeting investments to strengthen low- and moderate-income communities and businesses. CRF’s national reach ensures our funds are re-loaned and reinvested in ways that encourage entrepreneurial businesses and help families attain economic self-sufficiency."

– Paul Hinds, Program Related Investments Manager, Bank of America

Program Related Investments

Program Related Investments (PRIs) are powerful social-purpose investments that are often made in the form of low-interest loans to CRF. They can help you meet your goals in any geographic region of the country by delivering a measurable impact in struggling communities.

By leveraging your investments, PRIs have an effect that goes well beyond the face value of your social investments. Not only do PRIs improve lives, but your organization also receives loan repayment, interest, and payout credit for the full amount of the PRI during the year in which is made.

Besides combining positive social impact with economic returns, PRIs provide these additional benefits:

PRI Benefits to Foundations and Others

Turns every $1 you invest into $5 of direct community benefits, on average, because your social-rate investments attracts market-rate investments, which increase overall funding capital.
Target communities anywhere in the country
Measurable community impact
CRF has never defaulted on a PRI.

Additional Benefits for Banks

Boost banks’ Community Reinvestment Act (CRA) credits

Receive credit every year the PRI remains outstanding.
Fulfill the investment and lending tests required for CRA credit—
two of the necessary elements for CRA credit.