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We are the
NCRC Community
Development Fund
Our mission is to help bridge the racial wealth divide by supporting entrepreneurship and affordable homeownership in America’s underserved communities.
what we do
Building Wealth &
Reducing Poverty
We work with community partners nationally to build wealth and reduce poverty and unemployment in low-and moderate-income (LMI) neighborhoods or for LMI beneficiaries. We accomplish this by providing loan capital that expands access to affordable homeownership and helps Black-, Hispanic- and woman-owned businesses thrive.
Big News!

The NCRC Community Development Fund is proud to share that we were named to Fast Company’s annual list of the World’s Most Innovative Companies.

Funding for Good
What is a CDFI?

A community development financial institution (CDFI) fund can be structured as various types of institutions such as banks, credit unions, loan funds, microloan funds, or venture capital providers. All CDFIs strive to foster economic opportunity and revitalize neighborhoods; as a loan fund, the NCRC Community Development Fund lends to build businesses, affordable housing, and community facilities.

For more information on CDFIs, how they began, and what they can do, visit the U.S. Department of the Treasury
Small Business Lending
Helping Entrepreneurs and Communities Thrive Through Business Investment
Our small business loans are extensions of credit to entrepreneurs in communities of historic disinvestment – financing activities such as working capital, inventory, machinery and equipment, and real estate.
Affordable Development
Bringing Affordable
Homeownership to
Diverse Communities

The Opportunity Gap

In recent years, homeownership rates, college education, and wealth accumulation have surged for white Americans while non-white Americans have watched their opportunity gap widen. Today, that gap is the widest it’s been in decades.

Homeownership Rate Comparisons

Despite accounting for more than 31.8% of American homeownership growth over the past decade, Latinos still have a homeownership rate 27% lower than white Americans. As of 2020, the Black homeownership rate is 30% lower by comparison, is currently lower overall than it was pre-Great Recession, and has declined to nearly as low as it was in the 1960s when discrimination was legal.

Our Solution to Bridge the Divide

This is why the NCRC Community Development Fund is dedicated to making the dream of homeownership a reality for more Americans. At a time when racial and ethnic minorities account for all population growth in the United States but are overrepresented in low-and-middle-income populations, affordable homeownership can help to bridge our nation’s racial and economic divides.

Dual Path Business Accelerator Programs

Learn more about our Launch and Growth Academies for entrepreneurs. Learn more here! 
Real Estate & Affordable Housing
More than a decade ago, Black and Latino families were hit the hardest by the Great Recession – and its effects are still felt today, with Black and Latino homeownership rates 31 and 27 percent lower, respectively, than white homeownership rates. Today, in the wake of the COVID-19 pandemic that again hit Black and Latino Americans hardest, it’s more important than ever to address housing costs and wealth building for these communities – which is why we work with our partners at GROWTH to build affordable single-family homes across the country.
Our Partners &
Investors
Our mission is to support economic mobility and bridge our nation’s racial wealth gap — and we can’t do that alone. That’s why part of the NCRC Community Development Fund’s business model is working with institutional partners and investors who share our vision. We are pleased to work closely with the following organizations:
A look at our work, by the numbers
Our Impact
PPP

During the COVID-19 pandemic, which hit LMI communities hardest, the NCRC Community Development Fund helped small business owners and “gig economy” workers keep their businesses and dreams afloat by facilitating:
Our Total Investment
1.12

Total loan volume

100%

Loans given to Latino-, Black-, immigrant-, or woman-owned businesses

19K

Median Loan Size

The NCRC Community Development Fund works closely with our
partners at GROWTH, whose impact includes:
Real Estate Investment
188

Invested in communities

1712

New Homes Built or Rehabbed

87

Homes sold have benefitted LMI borrowers and communities

16

During the COVID-19 pandemic, the NCRC Community Development Fund has invested more than $16 million in small businesses, in addition to nearly a half million dollars in PPP loans

As an investor in the New York Forward Loan Fund (NYFLF), we’ve helped enable New York State to make more than $100 million available in low-interest loans to a diverse range of small businesses, multi-family housing companies, and nonprofits. Thanks to this partnership between New York State, CDFIs, and other organizations, women- and minority-owned organizations that did not receive federal COVID-19 assistance are now on the road to recovery.
Small Business Investing
100+

Total Investment

1716

Loans Originated

56120

Average Loan Size

46

Minority-Owned Businesses

41

Women-Owned Businesses

22

Minority- and Women-Owned Businesses

Featured News
Professional Affiliations

The NCRC Community Development Fund is proud to be recognized by and involved with numerous industry organizations.

Want to get involved?

Get in touch with us to receive more information or discuss current borrowing opportunities and applications, contributing to our CDFI, or becoming a partner.
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We are the
NCRC Community
Development Fund
Our mission is to help bridge the racial wealth divide by supporting entrepreneurship and affordable homeownership in America’s underserved communities.