Community Development Fund

What Community Development Fund does

Community Development Fund is a Washington, D.C.-based non-profit founded in 2007 that operates as a third-party fund manager channeling bank Community Reinvestment Act (CRA) investment capital into affordable housing and community development projects. The organization curates CRA-qualified investment opportunities for banks, directly addressing the perception that CRA investments carry high risk and low returns by providing professional fund management and access to transit-oriented affordable housing deals in underserved communities, such as a $2.7 million investment that funded 45 affordable housing units in Philadelphia.

The business model is intermediation rather than product sales: the organization raises philanthropic and grant capital (e.g., a $1.25M raise from Press Forward in July 2025) to support operations and partners with institutional fund managers such as CEI-Boulos Capital Management to deploy bank-supplied capital. Its anchor client relationship is TD Bank, which has deployed a $25 million CRA-qualified fund through this channel. Beyond capital allocation, the organization also provides business training services to community borrowers and entrepreneurs, broadening its role from deal origination to capacity-building.

Operating with 1-10 employees and a footprint concentrated in Philadelphia and South Dallas, the organization is sub-scale relative to larger CDFIs. Revenue mechanics are not disclosed; economics likely derive from modest management or administrative fees layered on deployed capital. The core strategic risk is concentration: the visible customer base is effectively one major bank relationship, making the durability of the model highly dependent on replicating the TD Bank template with additional financial institution partners.

Name

Community Development Fund

Website

https://communitydevelopmentfund.org

Company type

Private

Founded year

2007

Operating status

Operating

Headcount range

1–10 employees

Short description

Community Development Fund is a non-profit third-party fund manager that helps banks deploy Community Reinvestment Act capital into affordable housing and community development projects, with an anchor $25M TD Bank relationship and a $1.25M Press Forward grant.

Ownership category

akta.pro rank

Product category

Community Development Finance / CRA Investment Management

NAICS

Civic and Social Organizations (813410)

SIC

Loan Brokers (6163), Miscellaneous Business Credit Institution (6159)

akta.pro primary industry

Affordable Housing & Community Development (Housing, Community Land Trusts) (BPAGALAC)

Keywords

• CRA investment management
• Community development lending
• Affordable housing finance
• Community reinvestment funds
• Bank CRA compliance

Headquarters

HQ city

Washington

HQ country

United States

HQ region

North America

Markets served

GTM type

B2B

Offering type

Services

Cost components

Personnel, Operations, Marketing or Sales, Technology or R&D

Core offering

Community Development Fund provides banks and financial institutions with access to CRA-qualified community development investment opportunities through managed investment funds, and offers business training services to borrowers and entrepreneurs. The organization acts as a third-party fund manager that curates, underwrites, and manages CRA-eligible investments, primarily in transit-oriented affordable housing and community development projects in underserved geographies such as Philadelphia and South Dallas.

Differentiator

Problem solved

Functional benefit

Products and services

• CRA-Qualified Investment Fund Management Third-party management of pooled investment capital from banks and financial institutions, deployed into CRA-qualified community development projects such as transit-oriented affordable housing. Targeted at banks seeking to meet Community Reinvestment Act obligations through externally managed investments.
• Business Training Services Training services provided alongside access to capital for borrowers, entrepreneurs, and community organizations that do not have access to such resources through traditional financial institutions.

Quantifiable outcome

• 45 affordable housing units funded through $2.7 million investment in Philadelphia

Segments1 record

Ideal customer profiles1 record

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Partnerships

One partnership is on record.

• CEI-Boulos Capital ManagementcoreStrategic or Co-development PartnerCommunity Development Fund Advisors is mentioned alongside CEI-Boulos Capital Management as a third-party fund manager helping banks allocate CRA investment capital. The company partners with banks to provide access to CRA-qualified community development investment opportunities.

Recent moves4 records

Expansion highlights4 records

Direct peers

• Reinvestment Fund: CDFI focused on financing affordable housing, community development, and healthy food access; deploys catalytic capital in underserved markets similar to Community Development Fund's geographic focus.
• Capital Impact Partners: CDFI that originates and manages community development investments, including affordable housing and place-based lending; comparable fund-manager style engagement with bank capital.
• Community Capital Management: Fixed-income investment manager specializing in CRA-qualified bonds and community development investments for financial institutions — directly comparable fund-management model targeting bank CRA compliance.
• LISC (Local Initiatives Support Corporation): One of the largest U.S. community development intermediaries, channeling CRA-qualified capital from banks into affordable housing and neighborhood revitalization — directly comparable mission and bank-intermediation model.
• Clearinghouse CDFI: CDFI financing affordable housing, community facilities, and economic development in underserved U.S. markets; comparable in deploying bank-sourced capital into affordable housing deals.
• CEI-Boulos Capital Management: Explicitly co-positioned in source materials as a third-party CRA fund manager partnering with banks. Operates a directly comparable model of curating CRA-qualified community development investments for financial institutions.
• Coastal Enterprises Inc. (CEI): Maine-based CDFI providing capital and business advisory services to underserved communities — comparable as a community development lender/intermediary, though focused on rural and small-business rather than exclusively housing.
• Enterprise Community Partners: National nonprofit that mobilizes public and private capital (including from banks) for affordable housing and community development; comparable in deploying bank-sourced CRA capital into affordable housing projects.

Regional players

• Pacific Community Ventures: California-focused community development organization providing capital and advisory to small businesses in underserved markets; comparable mission but West Coast geographic focus versus Community Development Fund's East Coast/Mid-Atlantic base.

Emerging players

• National Community Investment Trust: Nonprofit that aggregates community development deposits and investments on behalf of banks to meet CRA obligations; comparable intermediary role but with a deposit-aggregation angle rather than direct affordable-housing deal origination.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat3 records

Key risks6 records

Key highlights6 records

Customer concentration

Revenue estimate

Valuation estimate

Number of profiles

Funding overview

Funding rounds1 record

Investors1 record

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about Community Development Fund