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CDFIS IN COMMUNITY DEVELOPMENT FINANCIAL INSTITUTIONS

WHAT ARE CDFIS? THE CDFI FUND – U.S DEPARTMENT OF TREASURY

Community Development Financial Institutions (CDFIs) are specialized The Community Development Financial Institutions (CDFI) Fund is an innovative federal community based financial institutions Number of CDFIs in with a primary mission to promote agency within the Treasury Department that was California: economic development by providing established in 1994, through the Riegle Community financial products and services to people Development and Regulatory Improvement Act, to and communities underserved by 86 traditional financial institutions, promote community development in distressed particularly in low income communities. urban and rural communities by increasing the Total CDFI Fund awards availability of credit, investment capital and to California CDFIs include community development organizations since 1996: banks and credit unions, and non- financial services available. regulated institutions such as non-profit $249,165,659 loan funds or funds. Since 1994, the CDFI Fund has awarded more than

$2.4 billion on a competitive basis to CDFIs CDFIS IN CALIFORNIA: New Markets Tax Credit including Native CDFIs, small and emerging awards to California 3CORE Inco, Chico CDFIs and financial institutions through the BEA since 2002: ACCION , Sand Diego Program. American Plus Bank, N.A , Arcadia AnewAmerica CDFI, Berkley $4.576 billion Arcata Economic Development Corp, Eureka Atchison Village Credit Union, Richmond Bankers' Small Business CDC of San Diego, San Diego Bay Federal Credit Union, Capitola Beneficial State Bancorp Inc, Oakland PUTTING CDFI FUND AWARDS TO WORK Beneficial State Bank, Oakland PERFORMANCE OF CDFI PROGRAM AWARDEES IN FY 2016 Bridge Impact Capital,

Broadway Federal Bank, California Capital Financial Development In FY 2016, CDFIs made over 39,000 loans or investments totaling more than $3.6 Corporation, Sacramento California Coastal Rural Development billion, financed over 11,000 small businesses and over 33,000 affordable housing Corporation, Salinas units. California Community Reinvestment Corp, Glendale . Amount of Total Loans/Investments Originated: $3.62 billion California FarmLink, Salinas . Number of Total Loans/Investments Originated: 39,453 Century Housing Corporation, Culver City . Business and Microenterprise Originations: $897 million Clearinghouse Community Development . Consumer Originations: $37 million Financial Institution, Lake Forest . Home Improvement and Home Purchase Originations: $807 million Community Bank of the Bay, Oakland . Residential Real Estate Originations: $895 million Community Commerce Bank, Claremont . Commercial Real Estate Originations: $744 million Community Credit Union of Southern Humboldt, Gaberville . All Other Originations: $238 million Community First Lending, Richmond . Affordable Housing Units Financed: 33,582 Cooperative Center Federal Credit Union, . Businesses Financed: 11,349 Berkley Desert Valleys Federal Credit Union, . Individuals Served by Financial Literacy or Other Training: 427,345 Ridgecrest Economic Development and Financing Corporation, Ukiah Episcopal Community Federal Credit Union Los Angeles Feed the Hunger Foundation, San Francisco First Choice Bank, Cerritos CDFI Coalition – www.cdfi.org – [email protected] First Imperial Credit Union, El Centro

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Fresno Community Development Financial Institution, Fresno Fund Good Jobs, Oakland Gateway Bank Federal Savings Bank, Oakland Genesis LA Economic Growth Corporation, Los Angeles Hoopa Development Fund, Hoopa Housing Trust Fund of Santa Barbara County, Santa Barbara Housing Trust Valley, San Jose Impact C.I.L., LLC, San Francisco Karuk Community Loan Fund Inc, Yreka Kinecta Federal Credit Union, Manhattan Beach Low Income Investment Fund, San Francisco Main Street Launch, Oakland Mendo Lake Credit Union, Ukiah Mission National Bank, San Francisco Mission Valley Bancorp, Sun Valley Mission Valley Bank, Sun Valley MMC, Brea MNB Holding Corporation, San Francisco Nehemiah Community Reinvestment Fund Inc, Sacramento Neighborhood Bancorp, National City Neighborhood Housing Services of Orange County Inc, Orange County Neighborhood Housing Services of the , San Bernardino Neighborhood Housing Services Silicon Valley, San Jose Neighborhood National Bank, National City Neighborhood Partnership Housing Services Inc, Rancho Cucamonga NHS Neighborhood Lending Services, Los Angeles Northeast Community Federal Credit Union, San Francisco Community Loan Fund, San Francisco Opening Doors Inc, Sacramento Oportun Inc, Redwood City Opportunity Fund Northern California, San Jose Oregon Trail Corporation, Los Alamitos PACE Finance Corporation, Los Angeles Pacific Coast Regional, Small Business Development Corp, Los Angeles Pacific Community Ventures Investment Partners III, San Francisco Pacific Community Ventures, Inc, San Francisco Pacoima Development Federal Credit Union, Pacoima Peoples Opportunity Fund, San Luis Obispo RBB BANCORP, Los Angeles Royal Business Bank, Los Angeles Rural Community Assistance Corporation, West Sacramento San Luis Obispo County Housing Trust Fund, San Luis Obispo Santa Cruz Community Credit Union, Santa Cruz SCE FCU, Irwindale Siskiyou Central Credit Union, Yreka Springboard CDFI, Riverside TELACU Community Capital, Los Angeles The Alliance CDFI, Klamath TMC Development Working Solutions, San Francisco Travis Credit Union, Vacaville Valley Economic Development Center, Van Nuys Valley Small Business Development Corporation, Fresno Ventura County Community Development Corporation, Oxnard Westwater Financial Inc, Windsor Womens Economic Ventures, Santa Barbara