RDF Capital Inc.

Name

RDF Capital Inc.

Legal name

Raza Development Fund

Website

https://rdf.fund

Company type

Private

Founded year

1999

Operating status

Operating

Headcount range

11–50 employees

Ownership category

akta.pro rank

Product category

Community Development Finance

NAICS

Grantmaking and Giving Services (81321), Funds, Trusts, and Other Financial Vehicles (525), Civic and Social Organizations (813410)

SIC

Federal & Federally-Sponsored Credit Agencies (6111), Finance Services (6199)

akta.pro primary industry

Impact Investing & Social Finance (Funds, CDFIs, Microfinance) (BPAGALAA)

akta.pro secondary industries

National/Regional Development Finance Institutions (DFIs) (FSABAKAB), SBA/Government-Backed & Development Finance Loans (FSAKAGAI), Community Development & Affordable Housing Funds (FSANAJAK)

Keywords

• Community development lending
• New Markets Tax Credits
• Nonprofit CDFI financing
• Affordable housing finance
• Small business lending

Headquarters

HQ city

Phoenix

HQ country

United States

HQ region

North America

Offices1 record

Markets served

GTM type

B2B

Offering type

Services

Cost components

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

Revenue model

1. Financing Operations: RDF generates revenue through lending activities, providing flexible capital and New Markets Tax Credit financing to community organizations. They also receive Program-Related Investments and grants from foundations.
2. Bond Offerings: RDF issues bonds to investors as a way to raise capital for community development lending. The organization has an S&P AA- rating, indicating strong creditworthiness for bond investors.
3. Grants and Donations: As a nonprofit CDFI and support corporation to UnidosUS, RDF receives grant funding from foundations like The California Endowment and corporate donors like Wells Fargo for community development programs.

Pricing tiers

Go-to-market motion1 record

Distribution channels5 records

Marketing channels6 records

Core offering

RDF Capital Inc. (Raza Development Fund) is a nonprofit Community Development Financial Institution (CDFI) that provides flexible financing, New Markets Tax Credit (NMTC) allocation, and technical assistance to community organizations in healthcare, education, affordable housing, and small business sectors, with a mission-driven focus on Latino and underserved communities across the United States.

Product overview

RDF Capital Inc. (Raza Development Fund) operates as a nonprofit community development financial institution (CDFI) offering a unified portfolio of financial products and services. The core offerings include Flexible Financing for Growth providing capital to community organizations in health, education, housing, and entrepreneurship sectors; New Markets Tax Credits (NMTC) for large-scale community projects; and Technical Assistance & Strategic Guidance for organizational capacity building. Specialized programs include the Pivot Fund (flexible capital for community resilience), the WISH Program (homeownership assistance), and the Open for Business Program (small business lending). Additional platforms include Bond Investor and Client Portals for stakeholder access. The organization functions as a support corporation to UnidosUS and focuses on Latino communities across America.

Differentiator

Problem solved

Functional benefit

Products and services

• Flexible Financing for Growth Attainable capital for community organizations in health, education, housing, and entrepreneurship, offering financing solutions with flexible and accessible terms, structures, and rates.
• New Markets Tax Credits (NMTC) Federal program financing that helps organizations access funding for large-scale projects including schools, healthcare facilities, and community centers by offering tax incentives to private investors.
• Technical Assistance and Strategic Guidance Tailored technical assistance and strategic guidance to strengthen operational and leadership capacity of local organizations, including strategic planning and financial management support.
• Pivot Fund Flexible capital solution designed to strengthen the financial resilience of community-based organizations so they can adapt, stabilize, and continue serving their communities, particularly responding to shifting policies and rising costs.
• WISH Program (Workforce Initiative Subsidy for Homeownership) Workforce Initiative Subsidy for Homeownership program providing up to $30,000 in down payment and closing cost assistance for first-time homebuyers, offered in partnership with CPLC and Federal Home Loan Bank of San Francisco.
• Open for Business Program Small business lending program utilizing Wells Fargo grant funds to provide low-cost loans to entrepreneurs for equipment, working capital, and business expansion.

Quantifiable outcome

• $7.2 billion in total capital leveraged through strategic partnerships and financing programs
• +3 more outcomes

Named customers8 records

Segments5 records

Ideal customer profiles3 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Partnerships

Four partnerships are on record, tiered core and minor.

• Préstamos CDFI (Chicanos Por La Causa)coreStrategic or Co-development Partner · 16 December 2024Chicanos Por La Causa's CDFI contributed $13 million to the $24.5 million Uvalde school project. Long-time strategic partner in community development initiatives.
• Arizona Hispanic Chamber of CommercecoreStrategic or Co-development Partner · 3 May 2024Partner in the Open for Business Program connecting small businesses with micro-loan funding and business development support in Arizona.
• Count On Us AZ CampaignminorGTM or Marketing Partner · 8 September 2022RDF partners with UnidosUS to celebrate Hispanic Heritage Month through the Count On Us AZ campaign, showcasing Latino contributions to Arizona's economy and culture.
• UnidosUScoreStrategic or Co-development PartnerRDF is a support corporation to UnidosUS, the largest Latino civil rights organization in the country. This is RDF's primary organizational affiliation, with Janet Murguía serving as both RDF Board Member and UnidosUS President and CEO.

Scale indicators10 records

Recent moves6 records

Expansion highlights5 records

Direct peers

• Calvert Impact Capital: Mission-driven nonprofit investment intermediary that raises capital from institutions and individuals to fund community development loans. Comparable to RDF in raising bond/program capital and deploying to CDFI and community-development borrowers.
• Coastal Enterprises Inc. (CEI): Maine-based CDFI providing business, housing, and community facility financing to underserved markets. Comparable to RDF in delivering flexible loans plus technical assistance to nonprofits and small businesses.
• Hope Enterprise Corporation / Hope Credit Union: Mississippi-based CDFI and credit union providing community development lending, depository services, and policy advocacy in distressed markets. Direct peer as a multi-state, mission-driven CDFI lender.
• Low Income Investment Fund (LIIF): National nonprofit CDFI focused on financing early childhood education, K-12 schools, and housing for low-income communities. Comparable to RDF's education and community facility lending verticals.
• Reinvestment Fund: National CDFI financing healthy food access, housing, healthcare, and education projects in low-income communities. Direct comparable to RDF in health, education, and community facility financing.
• Capital Impact Partners: National nonprofit CDFI providing financing and technical assistance to underserved communities across healthcare, education, and housing. Direct parallel to RDF's products and segments; also a former employer of RDF's CEO.
• Chicanos Por La Causa (CPLC) / Préstamos CDFI: Arizona-based Latino community development nonprofit with a CDFI arm (Préstamos CDFI); co-invested with RDF on the Uvalde Legacy Elementary School project. Direct peer in Latino-focused CDFI lending in the Southwest.

Broad incumbents

• Local Initiatives Support Corporation (LISC): One of the largest U.S. CDFIs; provides flexible financing, technical assistance, and policy advocacy for community development projects. Highly comparable to RDF in mission and product set, and was RDF CEO Annie Donovan's prior employer.

Others

• Opportunity Finance Network (OFN): National membership and intermediary organization for CDFIs; channels capital and policy support to member CDFIs including RDF. Comparable as an ecosystem infrastructure player supporting the same target market.
• Federal Home Loan Bank of San Francisco: Government-sponsored enterprise that channels below-market funding to member institutions for affordable housing and community development. RDF partners with FHLB SF on the WISH homeownership program; comparable as a major CDFI funding source.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat4 records

Key risks5 records

Key highlights6 records

Customer concentration

• YouTubeyoutube.com/@rdffund
• Facebookfacebook.com/rdffund
• LinkedInlinkedin.com/company/rdffund
• Instagraminstagram.com/rdffund

Revenue estimate

Valuation estimate

Number of profiles

Profiles11 records

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 RDF Capital Inc.