To commemorate the conclusion of Women's History Month, President and CEO of California Community Reinvestment Corporation (CCRC) Tia Boatman Patterson sat down with the creator and host of the podcast Thirty Minute Mentors, Adam Mendler, to discuss leadership and her challenges at CCRC. Boatman Patterson joined CCRC in December of 2022 and has since devoted substantial effort to mobilizing new affordable housing developments and sustaining member bank relationships. The organization has undergone pervasive change, re-evaluated its processes, and sought out new lending opportunities under the diligent direction of Boatman Patterson. "Overcoming the assumptions I had made about nonprofit organizational leadership and becoming the leader [that was] needed at a time when it was urgently needed required a sense of adaptability, understanding, and active listening that have made me a better leader," Tia Boatman Patterson wrote in conversation with Adam Mendler. CCRC is honored to have the supervision of such a forward-thinking, intuitive leader in the housing sector leading our organization in pursuit of our mission. To read the full interview, see here: Interview with Tia Boatman Patterson, CEO of the California Community Reinvestment Corporation — Adam Mendler in the Media

California Community Reinvestment Corporation (CCRC) is honored to announce that as a coalition member of Climate United, we stand ready to put a portion of the $6.97B awarded to work in California to support sustainability in the affordable multi-family housing we finance. The $6.97B award represents the lion’s share of the National Clean Investment Fund to improve and sustain green affordable housing! Climate United is a national nonprofit focused on creating opportunities for green technology to provide community benefit throughout the country. This nonprofit is a coalition led by The Community Preservation Corporation  (CPC),  Self-Help Credit Union , and  Calvert Impact   as well as CDFI partners administering funds at the state level. It was announced as a recipient of the grant by Vice President Kamala Harris and EPA Administrator Michael Regan on Thursday, April 4, 2024. CCRC participated in the coalitional effort alongside several other climate-committed organizations to apply for and secure this grant from the U.S. Environmental Protection Agency’s Greenhouse Gas Reduction Fund. As a stake holding CDFI, CCRC’s cooperation in the procurement of this funding allows the organization to take an active role in the distributive efforts at a state level. With a multi-decade proven commitment to dignified affordable housing, CCRC is excited to continue to champion equity through the intersection of sustainability and infrastructure.  Climate United’s emphasis on green affordable housing aligns deeply with CCRC’s work to create long-lasting, intuitively constructed housing for underserved community members. A forward focus for the housing market relies on an understanding that the climate and housing crises are interconnected in their marginalization of low-income communities, and there must be concerted effort to address both at once in a way that reaffirms the autonomy and self-determination of this vulnerable demographic.  To read the full mission of Climate United and get statements from other partnered organization, visit the website at https://weareclimateunited.org .

California Community Reinvestment Corporation's Mary Kaiser Education Scholarship is open for its 16th consecutive year! Dedicated to alleviating the financial pressures of low-income students in CCRC-financed communities, the Mary Kaiser Education Scholarship has granted over $500,000 to academic costs since its inception in 2008. The application cycle for the 2024-2025 schoolyear is now open for all residents of CCRC communities and has been extended two weeks to April 30th, 2024. All application materials can be downloaded at e-ccrc.org/scholarship to be submitted to diamond.polk@e-ccrc.org . CCRC is honored to have dedicated title of the scholarship to our former president Mary Kaiser, who has left this organization committed to upholding her legacy of commitment, compassion, and change.

The National Housing Conference is prepared to honor California Community Reinvestment Corporation's President and CEO Tia Boatman Patterson with its 2024 Housing Visionary Award! The Annual Housing Visionary Awards Gala on June 5 will be held at The Anthem in Washington, D.C., where Boatman Patterson will accept the award for her diligent and needle-moving work on affordable housing. Since joining CCRC in December of 2022, Boatman Patterson has extended the corporation's longstanding commitment to vulnerable Californian community members through targeted outreach and versed policy knowledge. Having worked in both the public and private sectors of housing for decades, her public service has provided tangible, lasting infrastructure to the state. As a leading change-maker with experience in both the governmental and social spheres of housing, Boatman Patterson continues to innovate and expand through advocacy and her position in CCRC. President and CEO Tia Boatman Patterson joined CCRC in December of 2022. Photograph: Kara Coleen The NHC's Housing Visionary Award serves as recognition for the leading voices in community development and affordable housing. NHC honors those who subversively imagine an equitably-housed nation. Boatman Patterson will be honored as a Housing Visionary alongside the Congressional Leaders of Affordable Housing Tax Policy, a collection of Senators and Representatives who have advocated for pro-housing policies across partisan lines. "Tia Boatman Patterson’s unwavering dedication to affordable housing has uplifted California communities, leaving a lasting impact through her visionary leadership and tireless advocacy," said David M. Dworkin , President and CEO of the National Housing Conference. CCRC is honored to be led by such an exemplary voice for change and looks forward to building the future of California in collaboration with such an intuitive mind. The Housing Visionary Awards Gala will be attended by an esteemed medley of figures in housing and community development. For tickets to celebrate the honorees and convene with attendees in a continued conversation to imagine an equitably housed country, contact NHC’s Chief Operating Officer, Amanda Mitchell, at amitchell@nhc.org or visit www.nhc.org/event/gala/ for additional information.

Mission Valley Bank is a community-oriented bank serving the locale of San Fernando Valley. Mission Valley Bank has increased its participation in California Community Reinvestment Corporation (CCRC) by $1,000,000, bringing their total participation amount to $10,000,000! CCRC is honored to have fostered a nearly ten-year relationship with Mission Valley Bank since its commitment to CCRC in 2016.    Mission Valley Bank is a woman-led and operated commercial bank with a recorded history of community engagement and support. President, CEO & Director of Mission Valley Bancorp & Bank Tamara Gurney has built a legacy of doing the work to support local communities through both bank processes and outreach and continues to exemplify the bank’s slogan “Your Success is Our Mission.”   “We are excited to continue our partnership with the California Community Reinvestment Corporation, furthering our mission to positively impact and uplift local communities,” said Tamara Gurney, CEO & President, Mission Valley Bank.   The support that Mission Valley Bank has shown to addressing California’s housing crisis through affordable housing exemplifies the type of all-hands commitment that will move the needle towards a more equitable future. CCRC looks forward to continuing to work with change-committed banks like Mission Valley Bank to build the California that the state’s vulnerable community members deserve.   About California Community Reinvestment Corporation: CCRC is a reliable and trusted partner and California’s premier multifamily housing lender, tackling the affordable housing crisis throughout the state. CCRC and its lending products are providing term financing for multifamily rental housing in California through a taxable mortgage pool and by committing to purchase tax-exempt bonds directly. With the help of various products and partnerships, CCRC can offer CRA-eligible lending and investment opportunities. This financial support has led to the creation of more than 47,000 low-cost housing units for vulnerable individuals and families across the state of California. For more information, visit   https://www.e-ccrc.org/   About Mission Valley Bank: Mission Valley Bank is a commercial bank that opened in the San Fernando Valley in 2001. Community ownership and fostering personal relationships with the local community it represents are some of the most unifying principles of the organization. Mission Valley Bank’s slogan, “Your Success is Our Mission,” speaks to the quality of care and professional courtesy within its business conduct. For more information, visit   https://www.missionvalleybank.com/

GLENDALE, CA, UNITED STATES - May 21, 2024  – S&P Global Ratings’ issuer credit rating (ICR) on California Community Reinvestment Corporation (CCRC) has been renewed as ‘A+’ with projections of a stable financial outlook!   Profitability metrics, management, and asset quality have been judged as very strong compared with peers across the five-year period from fiscal year 2019 through 2023. Additionally, liquidity has been rated as strong in the same period due to CCRC’s proficiency in stewarding corporate assets.    CCRC’s consistently strong lending performance represents the dedication that the organization owes to low -income communities throughout California. Through all the challenges of lending in a fluctuating economy, CCRC has found a way to maintain consistent success and set new industry standards of performance.    Californian renters are experiencing extreme rent burden and need a sufficient supply of affordable housing. CCRC continues to seek various financing options as both a certified Community Development Financial Institution (CDFI) and a non-profit banking consortium to meet California’s urgent need to increase the state’s affordable housing supply.  This A+ credit rating provides new avenues for the organization to continue the work.   About S&P Global Ratings:   S&P Global Ratings is an American Credit-Rating Agency that publishes professionally reviewed opinions on organizational credit risks. These opinions include the capacity and willingness of organizations to meet the financial commitments they have undertaken, as well as projections of performance for individual debt issues. For more information, visit https://www.spglobal.com/ratings/en/products-benefits/products/credit-ratings     About California Community Reinvestment Corporation: CCRC is a reliable and trusted partner and California’s premier multifamily housing lender, tackling the affordable housing crisis throughout the state. CCRC and its lending products are providing term financing for multifamily rental housing in California through a taxable mortgage pool and by committing to purchase tax-exempt bonds directly. With the help of various products and partnerships, CCRC can offer CRA-eligible lending and investment opportunities. This financial support has led to the creation of more than 47,000 low-cost housing units for vulnerable individuals and families across the state of California. For more information, visit https://www.e-ccrc.org/

Beyond Four Walls is a production of the National Housing Conference, hosted by David Dworkin. Recently, California Community Reinvestment Corporation (CCRC) President & CEO Tia Boatman Patterson  sat down with David Dworkin of the National Housing Conference (NHC) on the Beyond Four Walls podcast to discuss how to best navigate the expanding housing crisis and the work of qualified CDFIs like CCRC in that process. Boatman Patterson discussed her story which led her to housing, including her experience with homelessness, public housing, and homeownership, and the dissipating pathway between these different forms of housing. As federal financing has undergone several shifts since the early 2000’s, the continuum has become oriented towards permanent supportive housing almost exclusively. Boatman Patterson discussed how critical it is to understand housing as a continuum that serves all members of the community, including financing homelessness prevention, affordable housing preservation and affordable housing construction. As CCRC continues to work to maximize affordable housing opportunities, it is important to emphasize that comprehensive solutions bring all partners to the table. Redressing decades worth of housing infrastructure involves equal parts ideation and compromise, such that the work is oriented around the community it seeks to serve. CCRC is committed to building out the future of housing to serve all who struggle to find adequate housing across all income levels in California. To listen to the podcast, visit A Conversation with Tia Boatman Patterson, California Community Reinvestment Corporation | National Housing Conference ( nhc.org ) .

GLENDALE, CA, UNITED STATES – August 6, 2024 – HSBC Bank has increased its participation in California Community Reinvestment Corporation (CCRC) by $5,000,000! The total credit line between CCRC and HSBC Bank now stands at $20,000,000, showcasing the unwavering commitment of HSBC Bank to serving vulnerable Californians. HSBC Bank’s credit line with CCRC has been operational since 2013 and has been indispensable in CCRC’s achievements in the affordable housing space over the last several years, including the production of over 48,000 housing units since founding in 1989. The creation and production of affordable housing through CCRC’s lending consortium relies on our member banks leaning in and finding opportunity to enact positive change as HSBC has. “HSBC Bank’s credit line increase will make an innumerable difference in CCRC’s ability to finance affordable housing,” said CCRC President & CEO Tia Boatman Patterson . “The work that we’re doing for low-income communities across California can’t wait, and HSBC digging in and committing to doing the work with us is extremely heartening.” HSBC has over 150 years of experience in banking, providing more-than-centennial proof of their ability to effectively manage and support an international client base. The bank’s support for sustainability, community development, and affordable housing through their corporate investments drive home their mission to ensure quality and accountability in the global economy. About California Community Reinvestment Corporation: CCRC is a reliable and trusted partner and California’s premier multifamily housing lender, tackling the affordable housing crisis throughout the state. CCRC and its lending products are providing term financing for multifamily rental housing in California through a taxable mortgage pool and by committing to purchase tax-exempt bonds directly. With the help of various products and partnerships, CCRC can offer CRA-eligible lending and investment opportunities. This financial support has led to the creation of more than 48,000 low-cost housing units for vulnerable individuals and families across the state of California. For more information, visit  https://www.e-ccrc.org/ About HSBC Bank, USA, N.A.: Powered by strong and longlasting international networks and more than 100 years of banking experience, HSBC’s USA branch has served the nation since 1865. Through cross-border investment and innovative banking and financial services, HSBC transcends traditionality and empowers its base of clients to new heights in their diverse pursuits. For more information, visit https://www.about.us.hsbc.com/

GLENDALE, CA, UNITED STATES – August 8, 2024 – First Northern Bank of Dixon has doubled its credit line with California Community Reinvestment Corporation (CCRC), increasing its previously $500,000 participation to a new total of $1,000,000! The collaboration of committed member banks like First Northern Bank of Dixon is a mutually beneficial means of ensuring support to vulnerable communities while also maximizing the ability of these banks to meet their CRA requirements. CCRC’s access to credit from banks in the lending consortium is operationally fundamental, and these credit commitments allow the organization the mobility it needs to expand affordable housing development across California. “First Northern Bank of Dixon has been a committed member bank since 2002,” said CCRC’s SVP – Chief of Staff Maria Majczinger . “Long-term partnerships like what First Northern Bank of Dixon has shown are critical to supporting our efforts to address the pervasive housing crisis in California.” First Northern Bank of Dixon is a locally-owned bank serving a diverse community of Californians, with longstanding values to put people first and operate with integrity. Since its founding in 1910, First Northern Bank of Dixon has strengthened its operations exponentially and now provides financial services to a client base across multiple counties in California. The partnership between CCRC and First Northern Bank of Dixon exemplifies a cross-organizational duty to maximize the resiliency of the state, its economy, and the communities within. About California Community Reinvestment Corporation: CCRC is a reliable and trusted partner and California’s premier multifamily housing lender, tackling the affordable housing crisis throughout the state. CCRC and its lending products are providing term financing for multifamily rental housing in California through a taxable mortgage pool and by committing to purchase tax-exempt bonds directly. With the help of various products and partnerships, CCRC can offer CRA-eligible lending and investment opportunities. This financial support has led to the creation of more than 48,000 low-cost housing units for vulnerable individuals and families across the state of California. For more information, visit  https://www.e-ccrc.org/ About First Northern Bank of Dixon: Founded in 1910, First Northern Bank of Dixon has created a reputation for independent ownership and accountability to its client base. Serving counties from Solano to Sacramento to El Dorado, First Northern Bank of Dixon offers an array of specialized financial services. First Northern Bank of Dixon is experienced, resourceful, and dedicated to putting people first with a longstanding eye on excellence in banking. For more information, visit   https://www.thatsmybank.com .

California Community Reinvestment Corporation (CCRC) President & CEO Tia Boatman Patterson recently talked with Sean Keenan of the Atlanta Civic Circle to discuss the role of the federal government - specifically the President of the United States - in the housing policy process ahead of the general election in November.    As the President appoints the Secretary of the U.S. Department of Housing and Urban Development (HUD) and the director of the Federal Housing Finance Agency (FHFA), Presidential candidates are frequently evaluated based on their housing policy perspectives. Yet the politicization of housing policy ends up creating a binary in housing solutions, where bipartisan work to effectively address the shortage rarely gets accomplished.    The ability to create and affect housing infrastructure at a federal level is an incredibly potent power, but change can be made from all sides of the political spectrum to meet the needs of the vulnerable in this nation.  “Everyone should be concerned about this,” Tia Boatman Patterson wrote. To read more, see: https://atlantaciviccircle.org/2024/08/12/how-the-us-president-pushes-housing-policy/

GLENDALE, CA, UNITED STATES – September 17, 2024 – City National Bank has made a $10,000 charitable contribution to the California Community Reinvestment Corporation’s Mary Kaiser Education Scholarship, demonstrating their commitment to CCRC’s mission of empowering low-income communities across California. The Mary Kaiser Education Scholarship supports students pursuing higher education or GED assistance who live in CCRC-financed affordable housing communities. Named after Mary Kaiser, CCRC’s former president of 27 years, the scholarship has awarded over $500,000 to residents of these communities. Many recipients are first-generation college students, single parents with dependent children, or individuals facing significant barriers to educational achievement. This scholarship serves as a crucial resource for restoring opportunities to historically underserved demographics through education. Affordable housing is essential for creating stability and autonomy within vulnerable communities, but CCRC's mission extends beyond simply providing shelter. To address the long-standing challenges faced by low-income Californians, CCRC is committed to supporting housing as a continuum, from houselessness to affordable housing to homeownership, and restoring financial autonomy to vulnerable Californians. Support from organizations like City National Bank enables the Mary Kaiser Education Scholarship to continue fostering resilience and unlocking opportunities for those who need it most. About California Community Reinvestment Corporation: CCRC is a reliable and trusted partner and California’s premier multifamily housing lender, tackling the affordable housing crisis throughout the state. CCRC and its lending products are providing term financing for multifamily rental housing in California through a taxable mortgage pool and by committing to purchase tax-exempt bonds directly. With the help of various products and partnerships, CCRC can offer CRA-eligible lending and investment opportunities. This financial support has led to the creation of more than 48,000 low-cost housing units for vulnerable individuals and families across the state of California. For more information, visit  https://www.e-ccrc.org/ About City National Bank: Founded in 1954 and acting as a subsidiary of the Royal Bank of Canada, City National Bank has established a reputation as a people-first financial service provider with proven success in community investment. Driven by a mission to provide quality banking to a diverse client base across North America, City National Bank has dedicated substantial resources to education, housing, and other people-oriented services. To read more, see: https://www.cnb.com/content/cnb/en/about-us.html

CCRC-partnered member bank Ally Bank has made a charitable contribution of $25,000 to the Mary Kaiser Education Scholarship Fund! With over $500,000 awarded to low-income students in scholarships since inception in 2008, the Mary Kaiser Education Scholarship provides residents of CCRC-financed communities with elasticity and autonomy when pursuing educational opportunities.  CCRC has helped to create over 48,000 units of affordable housing through facilitation of private capital flow, serving low-income families, seniors, and residents with special needs throughout California since the consortium’s inception in 1989. The Mary Kaiser Education Scholarship extends this work with a focus on serving our residents including and beyond providing safe, sustainable, and dignified housing by also alleviating financial barriers to education.  As this scholarship is reliant on charitable contributions from grant providers like Ally Bank, CCRC is extremely grateful to all who participate in the mission. Mitigating roadblocks to financial autonomy and self-determination for vulnerable communities is an all-hands process, and Ally Bank leaning in with us to do the work and create mobility shows their commitment to a more equitable future. CCRC looks forward to joining hands with all committed partners to create, sustain, and imagine the future of California that is characterized by accessibility and sustainability. The 2024-2025 scholarship cycle awarded 29 deserving students pursuing higher educational and qualified trade school opportunities. CCRC looks forward to using this grant in the upcoming 2025-2026 scholarship cycle, with applications to come soon. Thank you again to Ally Bank for the generous contribution to affordable housing and educational access! About California Community Reinvestment Corporation: CCRC is a reliable and trusted partner and California’s premier multifamily housing lender, tackling the affordable housing crisis throughout the state. CCRC and its lending products are providing term financing for multifamily rental housing in California through a taxable mortgage pool and by committing to purchase tax-exempt bonds directly. With the help of various products and partnerships, CCRC can offer CRA-eligible lending and investment opportunities. This financial support has led to the creation of more than 48,000 low-cost housing units for vulnerable individuals and families across the state of California. For more information, visit  https://www.e-ccrc.org/ About Ally Bank: Ally Bank is a leading financial service provider with a focus on client care and accessibility. Having started in the 1920s as an auto financier, Ally Financial Inc. has grown to meet the moment throughout its 100+ years of operation and continues to provide reliable, around-the-clock service. Through strong support to a variety of clients and a firm belief in support of their users, Ally Bank looks forward to continuing to provide measurable impact. For more information, visit https://www.ally.com/about/