Blockchain Registration Transaction Record

CCRC Makes History with First CDFI Tax-Exempt Loan Securitization

CCRC, a CDFI, completes first-ever securitization of tax-exempt loans in public municipal market, raising $114M plus $10.1M from bank partners to boost affordable housing lending in California.

This milestone is significant because it opens a new avenue for CDFIs to access capital markets, potentially lowering costs and increasing the scale of affordable housing lending. For California, where the housing crisis is acute, this means more funding for much-needed affordable multifamily developments. For the broader CDFI industry, it sets a precedent that could encourage other institutions to pursue similar structures, amplifying the impact of community investment. The increased commitments from banks also signal a strengthening partnership between private capital and community-focused lenders, which is crucial for sustaining and expanding affordable housing efforts across the state.