CRF launches Detroit Home Mortgage in early 2016 to help buyers overcome the appraisal gap problem in the city. The program was honored at the opening session of the 2016 Clinton Global Initiative America in June.
CRF issues $165 million in bonds in Round 4 of the CDFI Bond Guarantee Program; the only qualified
issuer to participate in all four rounds.
CRF receives a $1.4 million Financial Assistance grant from the CDFI Fund.
CRF wins the Small Business Leader Award from Goldman Sachs 10,000 Small Businesses, the Surdna
Foundation, and Opportunity Finance Network.