Building on Our Impact

Since our founding in 1991, CCLF has closed 496 loans totaling $229,000,000 which has leveraged a total of $1,437,026,350 in additional investment.

Year in Review

In 2019 we...

Reached $104 million in assets
Closed 26 loans totaling $28.2 million
Leveraged another $47.6 million of investments
Reached $30 million in lending commitments exceeding our goal by 10%
Provided 579 real estate practitioners technical assistance through 18 workshops

So that we could...

Create or retain 525 jobs
Build or retain 1,308 housing units
Develop or retain 7,275,416
sq. feet of commercial real estate and community facility space

Portfolio

By sector at year-end 2019

  • 22% Housing Multi-family

  • 8% Housing Single-family

  • 12% Housing Cooperatives

  • 24% Commercial Real Estate

  • 26% Community Facility

  • 8% Social Enterprise

By product
at year-end 2019

  • Predevelopment 14%

  • Construction 27%

  • Permanent 10%

  • Mini-permanent 48%

  • Equipment & Working Capital 1%

Outstanding Principal Balance

At year-end 2015-2019

  • 2015 $43,036,769
  • 2016 $52,117,543
  • 2017 $58,692,314
  • 2018 $71,825,102
  • 2019 $79,039,254

Portfolio Quality

At year-end 2015-2019

  • 2015 Loan Loss Reserve: 4%

  • 2016 Loan Loss Reserve: 5.5%

  • 2017 Loan Loss Reserve: 5.8%

  • 2018 Loan Loss Reserve: 6%

  • 2019 Loan Loss Reserve: 5.3%

  • 2015 Delinquency (90+ days): 0%

  • 2016 Delinquency (90+ days): 0%

  • 2017 Delinquency (90+ days): 1.3%

  • 2018 Delinquency (90+ days): 2.2%

  • 2019 Delinquency (90+ days): 1.7%

  • Delinquency (90+ days)
  • Loan Loss Reserve

*Non-accruals are not counted in delinquency.

**1.7% delinquency equates to $1.3 million of $79 million being delinquent across three delinquent loans