The Washington Area Community Investment Fund – Investing in Equity and Economic Opportunity
Fred Ashley Fred Ashley

The Washington Area Community Investment Fund – Investing in Equity and Economic Opportunity

Established in 1987, the Washington Area Community Investment Fund (Wacif)’s mission is to increase equity and economic opportunity in underserved communities in the Washington, D.C., area by investing knowledge, social, and financial capital in low- and moderate-income entrepreneurs. Our mission is driven by three strategic pillars: inclusive entrepreneurship, community wealth building, and equitable economic development, and is fulfilled by providing access to capital products and services, and capacity building technical assistance to low- and moderate-income entrepreneurs.

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Reinvestment Fund: Investing in Communities for a Brighter Future
Fred Ashley Fred Ashley

Reinvestment Fund: Investing in Communities for a Brighter Future

Reinvestment Fund is a national mission-driven financial institution that creates opportunity for underserved people and places through partnerships. We marshal the capital, analytics, and expertise necessary to build strong, healthy, and more equitable communities. Reinvestment Fund pursues its mission through the management and deployment of capital and the provision of high-quality information and policy analysis.

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Partners for the Common Good, Inc. - A National Nonprofit Loan Fund for Community Development
Fred Ashley Fred Ashley

Partners for the Common Good, Inc. - A National Nonprofit Loan Fund for Community Development

Partners for the Common Good, Inc. (PCG) is a national nonprofit loan fund with a mission to advance economic justice for low-income people and communities. As pioneers of the community development financial institution (CDFI) industry's first wholesale loan participation network, PCG promotes CDFI industry collaboration by facilitating partnerships to finance affordable housing, community facility, neighborhood commercial revitalization, and nonprofit working capital. PCG also hosts CapNexus, an online database that matches money and partners to community development finance opportunities.

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Leveraging Capital for Community Development: The NHTCDF Story
Fred Ashley Fred Ashley

Leveraging Capital for Community Development: The NHTCDF Story

NHT Community Development Fund (NHTCDF), a community development financial institution (CDFI), has deployed more than $44 million in loans, preserved more than 13,000 affordable units, and leveraged more than one billion in capital by providing quality, affordable loan products in twenty-eight states and the District of Columbia where NHTCDF lends.

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Unlocking Opportunity: NCRC’s Portfolio of Programs and Services
Fred Ashley Fred Ashley

Unlocking Opportunity: NCRC’s Portfolio of Programs and Services

NCRC provides a broad set of benefits and special services for its member organizations, including customized data analysis, training, technical assistance, legislative and regulatory updates, and more. Our portfolio of programs and services Includes:

POLICY ADVOCACY

RESEARCH

HOUSING COUNSELING NETWORK

NATIONAL TRAINING ACADEMY

DC WOMEN’S BUSINESS CENTER

NATIONAL NEIGHBORS SILVER

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Investing in Low-Income and Underserved Communities
Fred Ashley Fred Ashley

Investing in Low-Income and Underserved Communities

National Community Investment Fund (NCIF) is an impact investor and a 501(c)(4) nonprofit investment trust. NCIF invests in mission-oriented financial institutions in order to increase access to products and services and catalyze economic development in low-income and underserved communities. NCIF is the largest investor in CDFI and Minority Banks. Since inception, NCIF has invested in 45 banks and credit unions, and our partner banks have originated more than $10 billion in loans in LMI areas. NCIF also leveraged over $300 million in New Market Tax Credit (NMTC) allocations to promote over $1 billion in projects in LMI areas, creating more than 10,000 jobs.

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LEAF Puts Communities First
Fred Ashley Fred Ashley

LEAF Puts Communities First

Local Enterprise Assistance Fund (LEAF) promotes human and economic development by providing financing and development assistance to cooperatives and social purpose ventures that create and save jobs for low-income people. LEAF lends nationally, with a focus on community-owned natural food cooperatives that create high quality jobs and provide access to healthy food in urban and rural communities; low-income cooperative housing developments; and worker-owned firms and other community-based businesses and social enterprises.

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How Life Asset is Empowering Entrepreneurs in the Washington, D.C. Metropolitan Area
Fred Ashley Fred Ashley

How Life Asset is Empowering Entrepreneurs in the Washington, D.C. Metropolitan Area

The mission of Life Asset is to help alleviate poverty in the Washington, D.C., metropolitan area by empowering people through affordable financial products, services, and education, thereby promoting self-help and self-respect and expanding social and economic opportunities for low income individuals. Our services include microloans, financial and business training, networking opportunities, business incubator, and office/retail space.

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Unlocking Financial Stability through LEDC
Fred Ashley Fred Ashley

Unlocking Financial Stability through LEDC

Latino Economic Development Corporation (LEDC) is a nonprofit 501(c)(3) corporation that works to improve the wealth-building capacity of low- and moderate-income Latinos and other underserved communities in the Washington D.C. Metropolitan Area. LEDC works with Latinos and other groups that are underserved and underrepresented to help them navigate the formal U.S. financial systems and manage the conditions that impact their financial stability.

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Creating Affordable Housing with the Institute for Community Economics
Fred Ashley Fred Ashley

Creating Affordable Housing with the Institute for Community Economics

The Institute for Community Economics (ICE), an affiliate loan fund of the National Housing Trust, provides flexible financing focused on long-term permanent affordability and shared equity models of affordable housing. The projects we finance benefit low- and moderate-income renters, homeowners, tenant associations, and cooperatives across the country.

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Financial Solutions For Every Business from Industrial Bank
Fred Ashley Fred Ashley

Financial Solutions For Every Business from Industrial Bank

Industrial Bank can provide resources from day-to-day operating accounts to customized cash management solutions.

Small businesses, large corporations and non-profit organizations face complex challenges. Let us customize our services to ensure an optimum fit with your needs, assets and management style. We’ll help you manage your finances with greater ease, accuracy and organization than ever before.

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Helping Rural America Thrive Through Affordable Home Ownership
Fred Ashley Fred Ashley

Helping Rural America Thrive Through Affordable Home Ownership

The Housing Assistance Council (HAC) has been helping local organizations build affordable homes in rural America since 1971. HAC assists in the development of both single- and multi-family homes and promotes homeownership for working low-income rural families through a self-help, "sweat equity" construction method by emphasizing local solutions, empowerment of people in poverty, reduced dependence, and self-help strategies. HAC offers services to public, nonprofit, and private organizations throughout the rural United States and maintains a special focus on high-need groups and regions, such as: Indian country, the Mississippi Delta, farmworkers, the Southwest border colonies, and Appalachia.

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Supporting Underserved Communities with Affordable Housing Solutions
Fred Ashley Fred Ashley

Supporting Underserved Communities with Affordable Housing Solutions

Habitat Mortgage Solutions (HMS) is a nationally certified Community Development Financial Institution (CDFI). HMS is a wholly owned entity of Habitat for Humanity International (HFHI) and was created to serve its’ domestic affiliate universe to support the mission of affordable housing. HMS assists affiliates in their work as mortgage originators, homebuilders, and sellers, providing affordable housing solutions to underserved communities.

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Unlocking Potential in the D.C. Metro Area with EDG
Fred Ashley Fred Ashley

Unlocking Potential in the D.C. Metro Area with EDG

EDG is successful thanks to the generous help of individuals like you. We encourage you to get involved with EDG – it is a wonderful way to sustain and support local neighborhoods situated in the Washington, D.C. metropolitan area.

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Empowering Communities Through Financial Inclusion
Fred Ashley Fred Ashley

Empowering Communities Through Financial Inclusion

Developing communities through access to credit.

Since we were founded in the 1950’s, we’ve been dedicated to creating access to credit for everyone in the community as a tool for economic development. We are proud to be a Community Development Financial Institution (CDFI) by bringing affordable and safe banking to those who need it the most, and work with our members to bring about financial transformation in their lives.

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Community Development Banks - A Better Way for Low- and Moderate-Income Communities
Fred Ashley Fred Ashley

Community Development Banks - A Better Way for Low- and Moderate-Income Communities

Community Development Bankers Association (CDBA) is the national trade association of the community development bank sector. As the voice and champion of the industry, we educate policy makers, regulators, and legislators on the importance of community development banks and thrifts with a mission of serving low- and moderate-income communities.

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Breaking the Cycle of Renting with Homes by CFE
Fred Ashley Fred Ashley

Breaking the Cycle of Renting with Homes by CFE

Homes by CFE helps low to moderate-income borrowers leave the cycle of renting and achieve stable, affordable homeownership. By supporting borrowers with the necessary funds to be able to make a down payment, program participants avoid the added cost of mortgage insurance, and lower their upfront down payment and closing costs. As nonprofit lenders, we are guided by the values of transparency, equity, and responsibility.

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How City First Enterprises is Transforming Communities
Fred Ashley Fred Ashley

How City First Enterprises is Transforming Communities

City First Enterprises is a nonprofit bank holding company and incubator of social finance solutions located in Washington, D.C., that promotes social justice by increasing economic access and expanding opportunity for low-wealth communities.

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A Powerful Financial Alliance in the Making: City First Bank and Broadway Federal Bank
Fred Ashley Fred Ashley

A Powerful Financial Alliance in the Making: City First Bank and Broadway Federal Bank

City First Bank of DC, National Association (“City First Bank,” a City First subsidiary) and Broadway Federal Bank, f.s.b. (“Broadway Federal Bank,” a Broadway subsidiary) each hold a strong financial position as Community Development Financial Institutions (CDFIs), and have a longstanding history of advancing economic and social equity through the provision of capital in low- to moderate-income communities. The new institution maintains bi-coastal headquarters and continues to serve and expand in the banks’ current geographic areas, Washington DC, and Los Angeles California, with a desire to scale to other high-potential urban markets.

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