Raza Development Fund
Raza Development Fund is a Phoenix-based nonprofit CDFI founded in 1999 that provides flexible financing, New Markets Tax Credits, and technical assistance to Latino-serving and community-based organizations in healthcare, education, housing, and entrepreneurship across the United States.
- Company typePrivate
- Founded1999
- HeadquartersPhoenix, United States
- Headcount11–50
- GTM typeB2B
- OfferingServices
What Raza Development Fund does
Raza Development Fund (RDF) is a Phoenix-headquartered nonprofit community development financial institution (CDFI) founded in 1999 that provides flexible financing, New Markets Tax Credit (NMTC) allocation services, and tailored technical assistance to Latino-serving and other community-based organizations across the United States. Its core products are community development lending (with flexible terms, structures, and rates tailored to borrower needs), federal NMTC program intermediation that connects private investors with large-scale community projects such as schools and health facilities, and post-close strategic planning and financial management support. RDF serves four primary verticals — healthcare organizations, educational institutions, affordable housing developers, and small businesses/entrepreneurs — with named borrowers spanning community health centers (Mountain Park Health Center, Esperanza Health Centers), charter schools (Carlos Rosario), housing developers (Self-Help Enterprises), community organizations (Chicanos Por La Causa, MAAC), social enterprises (Kitchen of Purpose), and small manufacturers (JM Custom Iron Work).
The organization's business model combines interest income from a $625M asset base, NMTC-related transaction and allocation fees, programmatic grants from the federal CDFI Fund, and charitable donations channeled through its website and GiveSmart integration. Its go-to-market is community-led and relationship-driven, relying on direct engagement, partnerships with intermediary organizations such as UnidosUS and Préstamos CDFI, and co-investment syndicates with institutional partners including JPMorgan Chase. The May 2026 launch of the California-based Pivot Fund signals a deliberate geographic and product-line expansion focused on community healthcare, and the 2023 federal CDFI Fund award and 2025 $24.5M Uvalde school co-investment demonstrate sustained access to programmatic and institutional capital. As a CDFI regulated by the U.S. Department of the Treasury, RDF operates under federal non-discrimination standards and is prohibited from distributing profits, reinvesting surplus instead into its mission of unlocking lasting prosperity in underserved American communities.
Raza Development Fund firmographics
Firmographics- Name
- Raza Development Fund
- Legal name
- Raza Development Fund
- Website
- https://razafund.org
- Company type
- Private
- Founded year
- 1999
- Operating status
- Operating
- Headcount range
- 11–50 employees
- Short description
- Raza Development Fund is a Phoenix-based nonprofit CDFI founded in 1999 that provides flexible financing, New Markets Tax Credits, and technical assistance to Latino-serving and community-based organizations in healthcare, education, housing, and entrepreneurship across the United States.
- Ownership category
- akta.pro rank
Raza Development Fund industry classification
Industry- Product category
- Community Development Finance
- NAICS
- Grantmaking and Giving Services (81321)
- SIC
- Federal & Federally-Sponsored Credit Agencies (6111), Finance Services (6199)
- akta.pro primary industry
- Housing & Urban Development Banks (Public) (FSABAKAG)
- akta.pro secondary industries
- Community Development & Affordable Housing Funds (FSANAJAK), Affordable Rental & Multifamily Housing Finance Programs (LIHTC/Tax Credits/Subsidized Loans) (FSALAKAF), Reentry & Justice-Involved Support Services (BPAGAEAN)
Keywords
Where Raza Development Fund is headquartered
LocationHeadquarters
- HQ city
- Phoenix
- HQ country
- United States
- HQ region
- North America
Offices1 record
Markets served
Raza Development Fund business model
Business model- GTM type
- B2B
- Offering type
- Services
- Cost components
- Personnel, Operations, Marketing or Sales, Technology or R&D, Others
Revenue model
- Community Development Lending: RDF generates revenue through providing loans and financing solutions to community organizations. As a CDFI (Community Development Financial Institution), they offer flexible financing with tailored terms, structures, and rates for organizations in underserved communities.
- New Markets Tax Credits (NMTC) Program Administration: RDF participates in the federal NMTC program, helping organizations access funding for large-scale projects by connecting them with private investors who receive tax incentives. RDF acts as an intermediary facilitating these transactions.
- Technical Assistance and Strategic Guidance: Beyond financing, RDF offers tailored technical assistance and strategic guidance to strengthen organizational and leadership capacity of local organizations, including strategic planning and financial management support.
- Donations and Charitable Contributions: RDF receives donations from individuals and organizations to support their mission of unlocking lasting prosperity in communities across America.
Go-to-market motion1 record
Distribution channels3 records
Marketing channels7 records
Raza Development Fund product offering
Product offeringCore offering
Raza Development Fund is a nonprofit Community Development Financial Institution that provides flexible financing, New Markets Tax Credit (NMTC) program administration, and tailored technical assistance to community organizations in health, education, housing, and entrepreneurship. It operates as a specialized CDFI lender and advisor serving Latino and other underserved communities across the United States.
Differentiator
Problem solved
Functional benefit
Products and services
- Flexible Financing for Growth Provides attainable capital for community organizations in health, education, housing, and entrepreneurship, offering financing solutions tailored to their unique needs with flexible and accessible terms, structures, and rates.
- New Markets Tax Credits (NMTC) Federal program that helps organizations access funding for large-scale projects by offering tax incentives to private investors for projects like schools, healthcare facilities, and community centers that create jobs and drive economic growth in underserved communities.
- Tools & Guidance for Organizational Sustainability Tailored technical assistance and strategic guidance to strengthen the operational and leadership capacity of local community organizations, covering strategic planning and financial management.
- Investor Portal Online portal providing quick access to investment documents, reports, and strategic insights for bond investors and institutional supporters.
- Client Portal Online portal for viewing account details, resources, and support tailored to the needs of RDF's client community organizations.
Quantifiable outcome
- $1.6 billion invested in community organizations
- +1 more outcomes
Companies that use Raza Development Fund
Customer profileNamed customers8 records
Segments4 records
Ideal customer profiles4 records
Raza Development Fund technology and API
TechnologyTechnology focussed No
API detail
- Has API
- No
- API docs
- API detail
Core technology
AI maturity
App detail
Raza Development Fund partnerships and signals
Strategic signalPartnerships
Two partnerships are on record, tiered minor.
- Open for Business ProgramminorRDF supports JM Custom Iron Work through the Open for Business Program, which helped expand the family business in Phoenix with support for business growth and stability.
- UnidosUSminorRDF partnered with UnidosUS for the Count On Us AZ Campaign celebrating Hispanic Heritage Month, showcasing Latinos' significant contributions to Arizona's economy and culture.
Scale indicators3 records
Recent moves5 records
Expansion highlights5 records
Raza Development Fund competitors and assessment
Company assessmentDirect peers
- Préstamos CDFI: Préstamos CDFI is a Latino-focused Community Development Financial Institution offering small business and community lending in underserved markets. It is a direct peer, having partnered with RDF and JPMorgan Chase on the $24.5M Legacy Elementary deal in Uvalde, TX.
- Hope Credit Union: Hope Credit Union is a CDFI- certified credit union serving underserved communities across the Deep South with consumer, small business, and community development loans. It is a direct peer as a CDFI lender competing for the same mission-driven deals and federal allocations.
- Reinvestment Fund: Reinvestment Fund is a CDFI that finances healthy food access, education, housing, and community development, and operates one of the largest NMTC allocation pipelines. It is a direct peer to RDF in CDFI lending, NMTC program administration, and community-focused underwriting.
- Capital Impact Partners: Capital Impact Partners is a CDFI providing loans and technical assistance to underserved communities, with focus areas spanning health, education, and housing. It is a direct peer given overlapping mission, product set, and CDFI/NMTC operating model.
- Self-Help Federal Credit Union: Self-Help is a CDFI credit union focused on responsible financial services for underserved, primarily rural communities, including affordable housing finance through Self-Help Enterprises. Self-Help Enterprises is a select RDF customer, making Self-Help a directly comparable CDFI.
Broad incumbents
- Local Initiatives Support Corporation (LISC): LISC is one of the largest US community development intermediaries, financing affordable housing, health, education, and economic development. It is a broad incumbent peer with deeper geographic reach and larger AUM than RDF, operating in overlapping sectors.
- Enterprise Community Partners: Enterprise Community Partners is a major national CDFI and affordable housing organization providing financing, policy, and development support. It is a broad incumbent peer given its national footprint and overlapping affordable housing and community development focus.
- NCB (National Cooperative Bank): NCB is a CDFI-certified bank serving cooperative and community-based organizations with financing for housing, healthcare, and community facilities. It is a broad incumbent peer given overlapping CDFI status, mission-aligned lending, and comparable sectors.
Others
- Opportunity Finance Network: Opportunity Finance Network is the national CDFI industry association, providing capital, policy advocacy, and capacity building to its CDFI members including RDF. It is an 'OTHERS' peer as an ecosystem enabler and trade body rather than a direct lending competitor.
- National Association for Latino Community Asset Builders (NALCAB): NALCAB is a national network of more than 100 Latino-led asset-building organizations, including CDFIs and housing counseling agencies. It is comparable as a peer ecosystem organization supporting the same Latino-focused community development mission.
Market position
Strengths5 records
Weaknesses5 records
Competitive moat5 records
Key risks5 records
Key highlights6 records
Customer concentration
Raza Development Fund social profiles
Digital presenceRaza Development Fund financial estimates
Financial estimateRevenue estimate
Valuation estimate
Raza Development Fund leadership team
Management profileNumber of profiles
Profiles1 record
Raza Development Fund funding detail
Funding detailFunding overview
Funding rounds1 record
Investors1 record
Funding detail is available on the Subscription and Enterprise plan.Contact sales →
Raza Development Fund M&A and investment
M&A and investmentM&A
Investments
M&A and investment is available on the Subscription and Enterprise plan.Contact sales →
Frequently asked questions about Raza Development Fund
What does Raza Development Fund do?
Raza Development Fund is a nonprofit Community Development Financial Institution that provides flexible financing, New Markets Tax Credit (NMTC) program administration, and tailored technical assistance to community organizations in health, education, housing, and entrepreneurship. It operates as a specialized CDFI lender and advisor serving Latino and other underserved communities across the United States.
Is Raza Development Fund a public or private company?
Raza Development Fund is a private company. It is classified as nonprofit foundation owned and is currently operating.
When was Raza Development Fund founded?
Raza Development Fund was founded in 1999. It employs 11 to 50 people.
Where is Raza Development Fund based?
Raza Development Fund is headquartered in Phoenix, United States, in the North America region.
How does Raza Development Fund make money?
Four revenue lines are on record. Community Development Lending is the primary driver. The others are new Markets Tax Credits (NMTC) Program Administration, technical Assistance and Strategic Guidance and donations and Charitable Contributions.
Who are Raza Development Fund's main competitors?
Direct peers on record are Préstamos CDFI, Hope Credit Union, Reinvestment Fund, Capital Impact Partners and Self-Help Federal Credit Union. Broad incumbents are Local Initiatives Support Corporation (LISC), Enterprise Community Partners and NCB (National Cooperative Bank). Others are Opportunity Finance Network and National Association for Latino Community Asset Builders (NALCAB).
Does Raza Development Fund have an API?
No public API is recorded for Raza Development Fund.
What industry is Raza Development Fund in?
Raza Development Fund's product category is Community Development Finance. Its primary akta.pro industry code is FSABAKAG, Housing & Urban Development Banks (Public), with a secondary code of FSANAJAK, Community Development & Affordable Housing Funds. Its NAICS code is 81321 and its SIC code is 6111.