NCCLF's 2012 Annual Report - Northern California Community ...

In 1985, a working group of over
thirty community representatives, financial
professionals, funders, and housing specialists
began meeting to create the Northern California
Community Loan Fund. United by a shared
commitment to community revitalization, they
believed in creating opportunities where their
investment dollars could transform Northern
California’s neediest communities by investing
in the network of nonprofit housing developers
and social service providers serving them.
In 1987, these founding members incorporated
NCCLF as a 501(c)(3) nonprofit, opened its
doors to investors, and began making loans.
In 2012, NCCLF celebrated
twenty-five years of service to
Northern California.
In those twenty-five years, NCCLF has become
a regional lender and technical assistance
provider, supplying loan capital and financial
training to organizations that develop affordable
housing, community facilities, job training
programs, and vital human services throughout
Northern California.
Both the U.S. Treasury Department and the
State of California have certified NCCLF as a
Community Development Financial Institution
(CDFI), and we have a lender’s license from the
California Department of Corporations.
In 2012, NCCLF was proud to receive a AAA1
CARS rating, the highest rating possible. We
are one of only five CDFIs nationwide to receive
this rating. CARS (CDFI Assessment and
Ratings System) is the only comprehensive, thirdparty
assessment of a CDFI’s financial strength
and performance and, most importantly, level of
community impact.
The best way to understand NCCLF’s impact is
to hear about the vitally important work of our
clients. We hope you enjoy the stories we’ve
prepared for you in this annual report. It’s been a
long and interesting journey, and we look forward
to further travels with your support.
Cover photo: (left to right) Some of NCCLF’s founders;
Kirby Sacks, Helen Cohen, and Peter Stern.
(Photo by Julio Martinez)