ABOUT CCRC

History

Established with the backing of the Federal Reserve Bank of San Francisco, CCRC is a consortium of leading banks headquartered or active in California. Today, over 40 banks contribute to CCRC's loan pools, advancing their impact and community investing objectives. CCRC plays a vital role in California's affordable housing ecosystem, working closely with state housing agencies and local governments to create vibrant, thriving, economically diverse communities. More recently, CCRC has emerged as a leader in green and sustainable finance, expanding the role it plays in California’s rich history of environmental action. By facilitating access to capital for housing operators, CCRC and its member banks help ensure that individuals and families can live, work, and thrive in California communities that are increasingly at risk of becoming unaffordable and out of reach.

Investment Map

Since its founding in 1989, CCRC has provided $2.3 billion in permanent taxable and tax-exempt mortgage loans to develop affordable housing across the Golden State. As a lender focused on supporting housing access and driving economic opportunity, CCRC has invested in 37 counties (64% of counties across the state), lending to more than 750 properties, which are home to more than 50,000 low-income individuals and families.

Map Data as of 01/10/2025.

2024-2027 Strategic Plan

Our Partners

Our three-year strategic business plan positions CCRC to expand its lending capacity and impact throughout California, with a special focus on the emerging climate lending market. The plan outlines five key strategic priorities:

Increase lending capacity and explore new opportunities for growth and diversification
Ensure strong financial performance and long-term sustainability
Promote operational efficiencies by optimizing resources, technology, and best practices
Strengthen talent management through employee retention and succession planning
Expand marketing and communications efforts

By executing this strategic plan, CCRC will continue advancing its mission of empowering California communities and transforming lives through affordable housing solutions, while remaining financially resilient and operationally agile.

In addition to our incredible bank member partners, listed below, the ability to deliver affordable housing communities and serve the residents who live in them depends on our diligent development and on-site partners. CCRC is proud to work with:

90 developers
- 62% have more than one property with CCRC financing
  - 31% have five or more
Over 80 property managers
Over 30 resident services providers