Expanded Partnership Enhances Funding for Affordable Housing Communities Across California California Community Reinvestment Corporation (CCRC) is pleased to announce that State Bank of India (SBI) , a long-standing and valued member of our banking consortium, has increased its credit line with CCRC by $500,000, bringing the total credit line to $1.9 million. This significant increase in State Bank of India’s credit line underscores its commitment to supporting California Community Reinvestment Corporation’s mission to create and preserve affordable housing for low-income families, seniors, and special-needs residents across California. Since its founding in 1989, CCRC has facilitated the development of over 48,000 affordable housing units by leveraging private capital to address the state’s critical housing challenges. The expanded credit line enables CCRC to continue offering innovative and flexible financing solutions to its partners while also providing critical resources to vulnerable communities. State Bank of India, with its extensive global presence and commitment to impactful lending, recognizes the vital role that stable housing plays in building stronger communities. Through this strengthened partnership, SBI and CCRC aim to amplify their shared impact in addressing California’s housing crisis. About California Community Reinvestment Corporation: CCRC is a trusted leader in multifamily affordable housing finance, providing term financing for multifamily rental housing in California through a taxable mortgage pool and direct purchase of tax-exempt bonds. CCRC’s innovative products and partnerships offer CRA-eligible lending opportunities that have resulted in the creation of over 48,000 affordable housing units statewide. For more information, visit https://www.e-ccrc.org . About State Bank of India: State Bank of India (SBI) is a leading global banking institution with over 200 years of expertise in delivering reliable financial services. As India’s largest bank, SBI is committed to supporting sustainable development and fostering growth across communities through innovative financial solutions and impactful partnerships. For more information, visit https://www.sbi.co.in .

Flexible Financing Partnership Guarantees Development in San Diego Will Remain Affordable GLENDALE, CA, UNITED STATES, January 16, 2025 -- California Community Reinvestment Corporation (CCRC) is excited to announce a crucial financing partnership with the Federal Home Loan Bank of San Francisco (FHLBank San Francisco) to ensure the long-term stability of Creekside Trails affordable housing in San Diego. Originally funded in 2006 with CCRC financing, Creekside Trails has provided vulnerable residents in San Diego with support for well over a decade. Still, deliberate financing strategies are necessary to mitigate the risk of these units becoming market rate during the tax credit resyndication process. Supportive financing from FHLBank San Francisco allows CCRC to refinance the development using CCRC’s bridge loan lending product, which bridges the re-syndication of tax credits to guarantee the units remain affordable. As these units serve a population earning up to 60% of the Area Median Income (AMI), this partnership decisively assures that the valued current residents of Creekside Trails will not be displaced or forced into extreme rent burden. FHLBank San Francisco is committed to supporting affordable housing and partnering with the diverse and wide range of coalitions necessary to combat the housing crisis. As a certified Community Development Financial Institution (CDFI) and member of FHLBank San Francisco, CCRC is looking forward to leaning in with fellow housing-committed partners and building an equitable future for housing in California. About California Community Reinvestment Corporation: CCRC is a trusted leader in multifamily affordable housing finance, providing term financing for multifamily rental housing in California through a taxable mortgage pool and direct purchase of tax-exempt bonds. CCRC’s innovative products and partnerships offer CRA-eligible lending opportunities that have resulted in the creation of over 48,000 affordable housing units statewide. For more information, visit https://www.e-ccrc.org . About Federal Home Loan Bank of San Francisco: The Federal Home Loan Bank of San Francisco is a member-driven cooperative helping local lenders in Arizona, California, and Nevada to build strong communities, create opportunity, and change lives for the better. The tools and resources the Bank provides to member financial institutions — commercial banks, credit unions, industrial loan companies, savings institutions, insurance companies, and community development financial institutions — helps propel homeownership, finance quality affordable housing, drive economic vitality, and revitalize whole neighborhoods. Together, with its members and other partners, FHLBank San Francisco is making communities more vibrant, equitable, and resilient. For more information, visit https://www.fhlbsf.com/ .

California Community Reinvestment Corporation funds relief and rebuilding efforts for Southern California families impacted by disaster GLENDALE, CA, UNITED STATES, April 23, 2025 -- California Community Reinvestment Corporation (CCRC), California’s premier Community Development Finance Institution (CDFI) for multifamily affordable housing lending, is announcing a partnership with the Federal Home Loan Bank of San Francisco to support disaster recovery in Southern California following the devastating wildfires that impacted families and communities. Through FHLBank San Francisco’s Disaster Relief Member Matching Contribution Program, CCRC has directed critical funds to Neighborhood Housing Services of Los Angeles County (NHS)—a mission-driven nonprofit with deep roots in local housing and community development. The history of Altadena is one of cultural significance and one that speaks to the central tenets of the California Community Reinvestment Corporation. This historically Black and Latino community was one of the areas hardest hit by the wildfires and is home to generational homeowners and small businesses, many of which now face uncertain futures. CCRC’s donation of $25,000 is being matched by FHLBank San Francisco as part of its $2 million wildfire relief initiative, which includes $1.4 million in $2-for-$1 matching funds for member institutions. NHS of Los Angeles County, which has been empowering residents and preserving affordable homeownership since 1984, is using the funds to assist with both immediate needs and long-term recovery planning of communities across Southern California. “This isn’t typically our space—we do not have a disaster relief program,” said Tia Boatman Patterson, President and CEO of CCRC. “But when we saw the opportunity to partner with FHLBank San Francisco and get much-needed funding into the hands of an organization like NHS, which is already on the ground doing the work, we knew we had to act.” For CCRC, this collaboration reflects a deeper commitment to community preservation and long-term resilience. The wildfires impacted neighborhoods that are not only rich in culture and history but also represent some of the few areas in Southern California where generational Black and Latino homeownership has been sustained. With the state and local agencies still navigating clean-up and recovery logistics, CCRC saw an urgent opportunity to step in where it could add value—by leveraging strategic partnerships to uplift those directly involved in recovery. By supporting NHS, CCRC aims to keep these efforts top of mind and ensure that families, small businesses and historic communities like Altadena are not left behind in the rebuilding process. “The wildfires may have faded from headlines, but recovery does not stop when the flames are out,” said Tia Boatman Patterson. “This partnership is rooted in the commitment to keeping the rebuilding process visible and ongoing until these communities are fully restored.” About California Community Reinvestment Corporation: California Community Reinvestment Corporation (CCRC) is a reliable and trusted partner and California’s premier multifamily affordable 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 Neighborhood Housing Services of Los Angeles County (NHS): Neighborhood Housing Services of Los Angeles County (NHS) is the largest nonprofit affordable homeownership provider in Southern California, dedicated to strengthening communities and empowering low- to moderate-income families. Since 1984, NHS has developed or rehabilitated over 27,000 housing and commercial units, placed 4.8 million families on the path to homeownership, and reinvested more than $8.5 billion into underserved neighborhoods. Through services such as affordable mortgage lending, financial education, real estate development and neighborhood revitalization, NHS helps create vibrant, resilient communities across Los Angeles County. For more information, visit https:// www.nhslacounty.org About the Federal Home Loan Bank of San Francisco: The Federal Home Loan Bank of San Francisco is a member-driven cooperative helping local lenders in Arizona, California, and Nevada build strong communities, create opportunity, and change lives for the better. The tools and resources we provide to our member financial institutions — commercial banks, credit unions, industrial loan companies, savings institutions, insurance companies, and community development financial FHLBank San Francisco | Public institutions — propel homeownership, finance quality affordable housing, drive economic vitality, and revitalize whole neighborhoods. Together with our members and other partners, we are making the communities we serve more vibrant and resilient. For more information, visit https://www.fhlbsf.com/ Veronica Welch VEW Media +1 508-643-3000 email us here

Housing Finance, powered by Affordable Housing Finance magazine, provides the tools and best practices for financing, developing, and operating affordable rental housing. California Community Reinvestment Corporation’s President & CEO Tia Boatman Patterson was honored to sit down with Affordable Housing Finance’s Donna Kimura to discuss her career and the organization’s upcoming work throughout 2025. With a career spanning the public and private sectors as well as work in the California State Assembly and White House, Boatman Patterson is uniquely equipped to navigate the multiple converging spheres of housing finance. Boatman Patterson has led CCRC since 2022 and was honored at the 2024 Housing Visionary Awards for her diligent work in the affordable housing industry.  Patterson’s interview with Kimura also touches on the devastating California fires which affected communities local to CCRC’s Glendale office. While none of CCRC’s financed properties experienced long-term damage as a result of this disaster, the loss of any housing in California’s already-scarce market is cause for concern. As Boatman Patterson says, “At CCRC, we are committed to supporting the rebuilding efforts, ensuring that new housing developments in affected areas prioritize both affordability and resilience.” For more information, read the full article here: https://www.housingfinance.com/news/q-a-with-tia-boatman-patterson_o

On Friday, November 15th, CCRC's Vice President of Loan Originations  Jennifer Quevedo  attended the grand opening of Los Lirios in Los Angeles!  With 9,500 applicants for 64 income-restricted units, Los Lirios is a powerful reminder of the urgent demand for housing that is both affordable and sustainable. Located in Boyle Heights, Los Lirios demonstrates how transit-oriented developments can address the critical moment of building climate infrastructure while also enhancing community well-being. By integrating housing and transportation, Los Lirios reduces reliance on cars, directly addressing the environmental impacts of long commutes. Situated along Metro’s E Line and three Metro Bus routes, it offers residents a more sustainable way to navigate Los Angeles while contributing to reduced regional traffic and pollution. Los Lirios features studios, one-, two-, and three-bedroom apartments for families earning 30%-50% of the Area Median Income (AMI). Importantly, 20 units are dedicated to formerly homeless households, supported by Project-Based Section 8 Vouchers,  PATH VENTURES ’ case management, and services from  East LA Community Corporation . Residents benefit from thoughtfully designed amenities: a workout room, laundry facilities, community spaces, a children’s play area, and an outdoor courtyard, plus onsite offices for management and support providers—all tailored to foster stability and connection. As part of the Metro Joint Development Program, Los Lirios exemplifies the integration of affordable housing with transit-oriented development to create vibrant, sustainable communities. CCRC is committed to financing forward-thinking and multi-purpose developments like Los Lirios to meet the growing demand for affordable housing while reducing the state’s carbon footprint. This is just one example of the kind of forward-facing work of integrating communities with green infrastructure to create lasting people-oriented progress.

California Community Reinvestment Corporation (CCRC)’s Aaron Smith and Ting Ting Xiao were honored to attend the grand opening of the La Veranda affordable housing complex in Boyle Heights, CA last Tuesday, June 18th! The Los Angeles County Metropolitan Transportation Authority (Metro) partnered with developer Adobe Communities to bring transit-oriented affordable housing to residents of Boyle Heights earning between 20% and 50% of the Area Median Income (AMI). At the ceremony, also attended by Los Angeles mayor and Metro board chair Karen Bass, dedication was made to the future of multi-faceted, community-oriented housing developments that champion mobility, accessibility, and sustainability. Metro’s partnership in La Veranda speaks to the possibility of dynamic, intuitive collaboration with a wide array of organizations to rectify the housing supply gap. CCRC is honored to provide long-term financing to La Veranda and looks forward to continuing to create, sustain, and join forces on equitable housing developments!

California Community Reinvestment Corporation (CCRC) was excited to be represented by Originations Analyst Owen Patterson at the Grand Opening of Solaire Apartments in San Jose, CA, this Monday! Solaire Apartments is an affordable housing development by Eden Housing, Inc. that champions sustainability and access for the residents of its 130-units. With a centralized location, including accessible transportation through the nearby Diridon Station, as well as 50% dedicated units to act as permanent supportive housing for unhoused community members, Solaire Apartments emphasizes long-term thought and commitment to the San Jose community. The Grand Opening celebrated the diligent work of Eden Housing and the many partnered organizations and community members who brought Solaire Apartments to life. CCRC was honored to provide long-term financing on this development and looks forward to seeing how Solaire Apartments supports the city of San Jose into the future!

Last Wednesday, April 24th, California Community Reinvestment Corporation (CCRC)’s VP – Relationship Manager Jennifer Quevedo was thrilled to attend the Groundbreaking of Linnet Corner, an affordable housing community set to serve a diverse population of seniors in Alameda, CA! Developed as part of the The Housing Authority of the City of Alameda (AHA)’s North Housing Master Plan, Linnet Corner is expected to open its doors to the valued older adult community of Alameda in 2025. Providing 64 apartment homes to those aged 62 and up, including dedicated space for unhoused senior veterans, Linnet Corner allows its residents the dignity to age in place with accessible, sustainable infrastructure. At a moment in this nation’s history where seniors are one of the demographics increasingly and disproportionately becoming unhoused, the development of affordable housing options is of utmost importance. Creation of housing supply in the current state of the housing market is a process rife with challenges, but the representatives who showed up on Wednesday proved their commitment to dig their shovels in and do the work! CCRC is honored to provide long-term financing to Linnet Corner in collaboration with so many amazing community partners to give the city of Alameda another axis of care for their seniors.

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!

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.

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.

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!