MINNEAPOLIS–(BUSINESS WIRE)–Community Reinvestment Fund, USA (CRF), a national, non-profit Community Development Financial Institution (CDFI) with a mission to improve lives and strengthen communities through innovative financial solutions announced that Frank Altman will retire as chief executive officer of CRF after co-founding the organization and providing more than 35 years of service. Altman will continue to lead the organization through the transition and search process.
“Under Altman’s visionary leadership and unwavering dedication to creating a just economy that works for all, CRF has helped transform the community development finance system and the way capital flows to underinvested communities,” said Reza Aghamirzadeh, chair, CRF Board of Trustees. “As one of the leading CDFIs in the nation, CRF is innovative, dynamic, and poised for substantial growth.”
Founded in 1988, CRF pioneered the development of a secondary market for community and economic development loans. CRF has since provided more than $3.5 billion in loans and investments to historically underrepresented small businesses, community facilities, charter schools and affordable housing projects in 50 states.
CRF works to co-create innovative financial products that address the barriers and inequities underrepresented small businesses face, design and manage financial programs that attract incremental impact capital to underinvested communities and build and grow the capacity…
