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  • Mary Kaiser Education Scholarship Deadline Extended

    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 to be submitted to 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.

  • Climate United Receives $6.97B Grant from the EPA due to Coalitional Effort Involving CCRC

    California Community Reinvestment Corporation (CCRC) is honored to announce that as a coalition member of Climate United, it has been selected to administer California’s allocation of a $6.97B award that 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

  • President & CEO Tia Boatman Patterson Featured in Adam Mendler's Leadership Interview Blog

    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

  • Lancaster CA's Imagine Village II Grand Opening Event Attended by CCRC

    On Monday, February 26th, CCRC Relationship Manager Ting Xiao was honored to speak at the Grand Opening of Imagine Village II, an affordable housing development in Lancaster, CA. Developed by Abbey Road, Imagine Village II provides 78 affordable units for low-income community members earning from 30% to 60% of area median income. In collaboration with the service partner of Abbey Road, Penny Lane Centers, on-site services at Imagine Village II will provide comprehensive, resident-based basic health and mental healthcare services as well as long-term individualized guidance to 42 Special Needs household units in the complex. These units, reserved for houseless Transition-Aged Youth and community members experiencing pervasive houselessness or mental illness, address the longstanding barriers to housing for underserved youth. This development speaks to the integration of accessibility and sustainability within affordable housing. CCRC is proud to work with other affordable housing change-makers to bring this project to life as a long-term financer and we cannot wait to see the full reach of Imagine Village II!

  • Nugent Square Apartments Re-Opening

    On Friday, March 15th, CCRC’s Owen Patterson was honored to speak at the grand re-opening of Nugent Square Apartments! Serving the city of East Palo Alto in the heart of Silicon Valley, this development, made possible by Eden Housing, Inc. and East Palo Alto Community Alliance and Neighborhood Development Organization (EPACANDO), will provide housing to 32 families long into the future with considerations made to sustainability and stability. "CCRC is deeply invested in the creation and preservation of affordable housing," Patterson said. "Addressing our housing crisis requires commitment, and CCRC is ready and willing to make that commitment to support projects like Nugent Square." Several elements of Nugent Square Apartments speak to the integrative possibilities of affordable housing and sustainable development, including newly built electric vehicle charging stations, a roofing system equipped with solar panels to provide energy efficiency, and environmentally conscious landscaping. CCRC was proud to join with Silicon Valley Bank, now a part of First Citizens Bank, as well as city, county, and agency partners to make this project possible.

  • CCRC attends San Gabriel Valley Consortium on Homelessness' Pro-Housing Summit

    San Gabriel Valley Consortium on Homelessness recently hosted a pro-housing summit called “A New Season: Making Space For Affordable Housing” in San Dimas, CA! California Community Reinvestment Corporation was honored not just to provide support in the development of the event, but also to be represented in-person by Relationship Manager Ting Ting Xiao. Ting Ting was honored to join a collective of housing policy change-makers, each with versed knowledge and a diverse array of specializations, in discussion of the future of the industry. Included in the agenda of the event were several recent policy developments in California, including Los Angeles Mayor Karen Bass’s first Executive Directive geared towards alleviating the crisis of homelessness. This directive, which radically shortens the permitting process of housing development, has had sweeping implications on the housing industry in Los Angeles. Industry leaders collectivized to understand these wide-ranging impacts and imagine the future of an ED1-oriented housing market. Other relevant discussion points included the YIGBY (Yes In God’s Backyard) movement, which seeks to expand provisions to develop affordable housing on land belonging to faith-based organizations. The YIGBY movement relies on a commitment to SB 4, a senate bill that streamlines the approval process for development on land owned by religious institutions and nonprofit colleges. Finding new, innovative zoning solutions challenges stagnation in housing and meets the urgent supply crisis forcing vulnerable Californians into risk. Further, the event covered methods of advocacy and destigmatization to opponents of affordable housing in order to reverse some of the destructive narratives keeping developments from widespread public approval. Creating favorable public sentiment in affordable housing can lead to the conditions for less project delays and increased voter turnout when affordable housing policy is on the docket. CCRC looks forward to continuing to imagine the future of affordable housing policy and network at further pro-housing events.

  • President and CEO Tia Boatman Patterson to be Honored at 2024 National Housing Conference

    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. 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 or visit for additional information.

  • CCRC Attends the Groundbreaking of 1265 Montecito Avenue

    Charities Housing has broken ground on 1265 Montecito Avenue, a milestone affordable housing project in Mountain View, CA. The Groundbreaking event, attended by CCRC’s Relationship Manager, Ting Ting Xiao, symbolized the partnered organizations’ shared commitment to the underserved Californians who will reside in the units. Families with children who earn between 30% and 60% of the area’s median income will find stability and support in this community. The project’s strategic location near a major transit stop reflects its dedication to fostering autonomy and movement within the neighborhood. Under Assembly Bill 2345 chaptered in 2020, developers are granted additional Density Bonuses for affordable housing projects created within a half-mile of a major transit stop, incentivizing and aiding projects such as 1265 Montecito Avenue. The interaction of this policy with tangible affordable housing projects illuminates the role of government to light the path for an equitably housed California. Congratulations to 1265 Montecito Avenue and Mountain View!

  • Pony Express Senior Apartments Grand Opening

    On Thursday, February 22nd, the Grand Opening of Pony Express Senior Apartments was attended by CCRC VP - Relationship Manager Andy Chan. These apartments, serving low- and very-low income seniors and veterans, opened their doors in the city of Vacaville, CA at a ceremony attended by some of the many subversive minds that made the development possible. Alongside PEP Housing, Merritt Community Capital, Precision Construction, Umpqua Bank, EAH, and the City of Vacaville, CCRC was able to participate in the financing of this community for the underserved seniors who make Vacaville the vibrant city that it is. With 15 of the units devoted to seniors who were previously unhoused, Pony Express reaffirms the commitment of CCRC to dignified housing for all.

  • Grand Opening of Metro View in Rialto, CA

    February 20th marked the Grand Opening of the affordable housing community Metro View in Rialto, California. CCRC partnered with longstanding ally National CORE, alongside several affordable housing change-makers such as Related California and LaBarge Industries to move the needle forward on sustainable, beautiful development in the city of Rialto. CCRC Originations Analyst Owen Patterson was honored to attend the Grand Opening, representing the long-term financing contributed by CCRC to the project. Even the California rain did not stop a sizable number of contributors from celebrating the vibrant new addition to Rialto. Metro View’s orientation around ease of transit and mobility for its residents earning between 30% and 60% of the area median income is sure to nourish the growth of the local community and economy. The risk of displacement, which disproportionately affects low-income Californians, is counteracted only by conscious, comprehensive affordable housing strategies. Congratulations Metro View!

  • Imagining the Future of Middle-Income Affordable Housing

    What is middle-income housing, and who qualifies as middle-income? When middle-income housing opportunities dissipate, what happens to the wider housing market? The problem of houselessness has reached untenable heights in California, and the country at large has been swallowed by a housing crisis with no clear end in sight. Understanding how relevant demographics interact with the housing industry is an invaluable step towards solving the crisis. Defining the failures of housing from an infrastructure standpoint is a task with no conclusive start or finish. California Community Reinvestment Corporation (CCRC) has financed over 40,000 affordable housing units to serve predominantly low-income communities and plans to continue this work into the future. However, the housing crisis is not one that affects exclusively a singular demographic. Looking into other underserved demographics to support efforts to ensure that all Californians are housed is a prime area of interest. To that end, creating middle-income housing strategies represents an under-researched but indispensable project that has the potential to radically transform housing strategies going forward. Middle-income households in the state of California have been defined as households earning between 80% and 120% of median income. Yet this population is not completely unburdened of housing difficulties, as case studies of the middle-income populations in the Bay Area reveal. While the region’s wealth has risen proportionately to rent pricing in the past two decades, homeownership is still broadly inaccessible for low- and middle-income community members. Other middle-income communities are priced out of homeownership and also deeply burdened by rent, such as those in Los Angeles County. Middle-income communities are being let down by the housing market, but what can be done to fix this? Per research from SPUR, the wide scale lack of housing has resulted in middle-income affordable housing becoming a more prominent undertaking for developers. Infrastructurally, the housing market’s failure to supply housing to its population funnels all Californians into a pit of dependence on affordable housing, which is not funded enough to accommodate. Middle-income communities vying for the same subsidized housing that extremely low-income communities depend on is a product of the same root issue: that housing is not accessible to a large part of the population. The expansion of affordable housing meets the needs of California’s shrinking middle-income community as well as those who are low-income and greatly at risk of houselessness. Unhoused people need reliable infrastructure built that will continue to provide stability through the years to come. Investing and supporting housing policy for housing projects serving a wide array of incomes innumerably helps those who are cost-burdened by housing in the state of California, from low-income Angelenos to middle-income residents of Northern California and every person in between. Still, building long term infrastructure is a task that relies on listening to all community members who have a necessity. When the middle-income community is uplifted by equitable and dignified housing, so, too, is the low-income community. The housing industry’s failures are in part failures of resource distribution begot by a lack of resources in circulation. Putting these resources into circulation to serve people in need is what the CCRC has always set out to do. When middle- and low-income community members are subject to economic shocks, the housing industry must be elastic enough to respond to both demographics at the same time to ensure the stability of the state’s economy. The critical element of middle-income housing that must also be addressed is that middle-income communities in California are largely composed of BIPOC; sixty percent, according to California Community Builders. Within a housing industry that has been so deeply racialized by restrictive zoning laws and affordable housing being developed largely in communities with high populations of racial and ethnic minorities, middle-income affordable housing has the potential to radically transform the landscape of California’s neighborhoods to better represent the diversity of the state. Affordable housing is a necessity for low-income community members in California. As low-income community members are housed, so, too, must we turn an eye to the middle-income community members who are let down by California’s housing market as well. Through comprehensive, collaborative, and imaginative housing strategies that embody the needs of all underserved Californians, equitable housing will become a reality.

  • Reinvesting in California with Affordable Housing

    The California Community Reinvestment Corporation began with a vision of an affordably priced future for the California housing market. Following the housing shortage in 1986 and the subsequent Tax Reform Act, CCRC was formed in the same year with the backing of the Federal Reserve Bank of San Francisco to respond to growing concerns about California's infrastructurally insufficient housing market. After a change of leadership in the years that followed, former President Mary Kaiser and her team spent the last 30 years nurturing CCRC from a fledgling company to a fully formed lender consortium with over 40 partnered banks. While the housing market looks different now than it did in 1986, the pursuit of affordably priced housing for low-and-middle-income families remains a priority in California’s infrastructure considerations. Under the committed leadership of current President & CEO Tia Boatman Patterson, CCRC hopes to invest in subversive strategies to secure funding for affordable housing projects, canvas with lender banks that are already in the compendium, and extend the work of CCRC to best serve vulnerable communities in California. As CCRC continues to fight for equitable housing amidst the urgent crisis of houselessness in the state, more of our research on the housing market, lending, and the industry of affordable housing will be made available on our website. Refer to either our news page or our company LinkedIn for updates.

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