California Community Reinvestment Corporation

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. ?? #Sustainability #AffordableHousing #TransitOrientedDevelopment #CCRC #CommunityImpact

The Multifamily Impact Framework? has been adopted widely throughout the industry and played a valuable role in delivering impact results for both MIC members and adopters of the Framework. To highlight their success, we are spotlighting adopters and members?who have benefitted from this key impact guide. This month, we are featuring Framework adopter?California Community Reinvestment Corporation?(CCRC). CCRC is an organization that is dedicated to improving California Communities by financing the development and preservation of affordable housing for low-income households. The CCRC loan originations team incorporated the Framework into questionnaires for its borrowers delivered at loan commitment and loan funding, as well as into its annual post-funding borrower screenings. ? We recently spoke with Tia Boatman Patterson, Esq., CEO and a leader in state and national housing legislation about the organization’s adoption of the Framework and how it is measuring the guide’s impact.? Why did you decide to adopt the Multifamily Impact Framework???? ? Boatman Patterson: CCRC is committed to doing more than simply counting the number of units?we finance. One of our goals is to understand and tell the real story of the impact we create, which connects us more deeply to outcomes for the residents we serve. By understanding the longitudinal change of our work and receiving critical data on the front end as well as annually, we can achieve measurable change for low-income individuals and families. The Multifamily Impact Framework? is helping us to do that.?? ? Read more about CCRC’s MIC adopter journey here: https://conta.cc/4fx2zUh ? #CommercialRealEstate #BuildingImpactTogether #OurMICImpact #ImpactInvesting

CCRC has been recognized for adoption of the Multifamily Impact Framework? in the November newsletter of the Multifamily Impact Council! The Multifamily Impact Framework? has affirmatively re-oriented organizational mindsets around data collection, providing CCRC the tools to evaluate the community benefits of its housing initiatives more effectively. Having a more formative storytelling strategy aligns with CCRC’s core mission of fostering sustainable development and serving vulnerable populations across California. Thank you again to the Multifamily Impact Council for the acknowledgment! Read an interview with our President & CEO Tia Boatman Patterson, Esq. on the integration process for the Multifamily Impact Framework? here:

It’s time to dive into our latest newsletter! In our November issue, we are thrilled to introduce Multifamily Impact Framework 2.0?, the enhanced standard for multifamily impact investing! This annual update makes our guide even more powerful and user-friendly. We are excited to dive deeper into the impetus for this updated version and what it accomplishes with our own COO, Rachel Mavrothalasitis. In an exclusive Q&A, she provides insights into the updating process and why the 2.0 version of our Framework represents some of our best work yet.? We also speak with Multifamily Impact Framework??adopter Tia Boatman Patterson, Esq. of California Community Reinvestment Corporation (CCRC), on how the Framework has made an impact for her organization.? ? Read the full November 2024 Newsletter: https://conta.cc/4fx2zUh If you haven’t yet adopted the Framework, now is the perfect time to do so by downloading it. The guide is free and invaluable to stakeholders looking to enhance impact in the multifamily industry: https://lnkd.in/gq3Pneya? ? #CommercialRealEstate #BuildingImpactTogether #MICFramework2.0 #ImpactInvesting #Multifamily??

We're thrilled to partner with Affordable Housing News to highlight the incredible journey of California Community Reinvestment Corporation (CCRC) as it celebrates its 35th anniversary this year! Since our founding in 1989, CCRC has evolved into one of California's most trusted lenders, providing over $2.6 billion in loans and creating more than 48,000 affordable housing units. The future looks bright as CCRC embraces new technologies and data-driven strategies to enhance its mission. Under the leadership of President & CEO Tia Boatman Patterson, Esq., CCRC is looking forward to continuing to create sustainable, affordable housing solutions and serve communities in California. ?? Read the full article to learn more about CCRC's transformative work and its vision for the future! #affordablehousing #CCRC #CDFI #affordablehousingnews

Catch the highlights from the Crossroads at Washington grand opening—it was an amazing celebration! ?? This 86-unit affordable housing community will provide a safe and supportive home for low-income families and Permanent Supportive Housing (PSH) tenants in Santa Ana's historic Logan neighborhood. Thank you to our amazing partners: Related Companies, City of Santa Ana, County of Orange, Orange County Housing Finance Trust, California Community Reinvestment Corporation, U.S. Bank, KPRS Construction Services, Inc., U.S. Department of Housing and Urban Development, WHA | Architects . Planners . Designers, GreenPoint Rated, and The John Stewart Company. Together, we are creating brighter futures and building stronger communities, one step at a time! ???? #AffordableHousing #SupportiveHousing #CommunityFirst #SantaAna #HousingForAll #ACOF

On the second day of Opportunity Finance Network's 2024 Conference, President & CEO Tia Boatman Patterson, Esq. also had the opportunity to sit on a panel discussing green multifamily housing alongside accomplished movers in the space! With expertise from Amy Brusiloff, Luba Kim-Reynolds, and Drew Ades, "Financing the Decarbonization of Multifamily Housing" overviewed the pervasive climate challenge facing the industry and the unique opportunity to further align housing and climate efforts through green capital. Importantly, green capital investments into housing are not untested or intangible - the Greenhouse Gas Reduction Fund represents one case study for potential integration of decarbonization with the existing processes for multifamily affordable housing. CCRC looks forward to continuing the work of reducing greenhouse gas emissions by financing sustainability with affordable housing! #OFN2024 #OFN #CCRC #GGRF #sustainability

Today, President & CEO Tia Boatman Patterson, Esq. spoke at a panel on day three of Opportunity Finance Network's 2024 Conference! The panel, titled "CDFIs and FHLB: An Advocacy Case Study," overviewed the current momentum around CDFI/FHLB partnerships as well as future opportunities for advocacy. The panelists, also including Daniel Elkin, Jonathan Welty, and Mary Scott Balys, discussed case studies of successes for CDFIs with FHLB partnerships and areas of growth for the future. As a member of the Federal Home Loan Bank of San Francisco and a registered CDFI, California Community Reinvestment Corporation looks forward to continuing to usher in a new era of opportunity for CDFIs utilizing resources like the FHLB system. Creating affordable housing in California requires the commitment and convergence of many different spheres of influence, and this represents one cross-section rife with potential! #OFN2024 #OFN #FHLB #CCRC #CDFI

It’s time again! ?? Come visit our team at the booth during this year’s Southern California Association of NonProfit Housing (SCANPH) annual conference! In addition to our dedicated relationship managers, we’ll have folks from other parts of our amazing team at California Community Reinvestment Corporation who make it all work. We’d love to chat about how we can support your projects and help build resilient, affordable communities together. Stop by to check out some of the incredible work we’re doing and let’s explore new opportunities to collaborate! Here’s a throwback from last year ?? — we can’t wait to create more memories this time around. Aaron Smith Jennifer Quevedo Andy Chan Laura Orellana Kori Cahill See you there! #AffordableHousing #SCANPH2024 #CCRC #HousingSolutions #CommunityDevelopment #Teamwork

We’re thrilled to announce the opening of Las Palmas Apartments, a beautiful multifamily supportive housing development that provides 53 apartments to individuals in the Wilmington neighborhood in the City of Los Angeles. Las Palmas is an adaptive reuse project that utilized the existing building site, transforming it into dynamic housing. It will also feature a community room, open-air courtyard, and furnished apartments. Designed by KFA Architecture, Las Palmas is developed and co-owned by Brilliant Corners and The Richman Group. The Richman Group provides a full-time on-site property manager, and Brilliant Corners provides wrap-around supportive services to residents. We’re so grateful to our partners on this project: Los Angeles County Department of Health Services, Los Angeles Housing Department, Los Angeles County Development Authority, HACLA, Los Angeles County Department of Mental Health, United Way of Greater Los Angeles, CSH, the Source for Housing Solutions, Genesis LA, Bank of America, California Community Reinvestment Corporation. Thank you to Supervisor Janice Hahn who represents the Wilmington neighborhood, for celebrating this special occasion with us and providing a proclamation in honor of the site opening.