RDF Celebrates 20 Years of Service in our Community
PHOENIX, Ariz.— In celebration of our growth and impact for the past 20 years, Raza Development Fund (RDF) will welcome local and national leaders, our investors, family, and friends of the organization to a dinner and awards presentation on Nov. 7, 2019 at the Sheraton Downtown Phoenix Hotel.
20 years of service could not be possible without the servant leadership of countless individuals that have impacted our organization and the communities we serve. We have produced a historical documentary titled “Faith, Hope and Love: Our Journey in Community Development”, and we will welcome our guests to a pre-screening on Nov. 6, 2019 at the AMC Arizona Center theater. The documentary will be released at a later date on our website.
“Faith, Hope and Love are the pillars in RDF’s community development journey, and were made possible by those joining us at our 20th Anniversary Celebration,” says Tommy Espinoza, President and CEO of RDF. “Visionary leaders creating Latino organizations, investors funding dreams for community development, UnidosUS and the affiliates, our board and team members—all providing direct services to Latino and Poor families across the country.”
As the largest Latino Community Development Financial Institution (CDFI), RDF has a unique product offering that allows us to provide a diversified community-lending model and provide capital financing to multiple aspects of community development, including education finance, affordable housing, and community health clinics and facilities. In the past decade, we have served nearly 240,000 patients and over 245,000 families, building nearly 60,000 housing units and providing for over 77,000 students.
S&P Global Ratings has assigned an AA(-) credit rating to RDF, and stated that “With its national footprint, the Fund is positioned to respond to the needs of underserved communities, facilitate financing to projects, and provide technical assistance that aims at breaking the cycle of poverty in low-income communities across the country by working through community-based organizations.”
Founded in 1999 as a support corporation of UnidosUS, RDF provides access to capital and financing solutions to non-profits, UnidosUS affiliates, and other Latino-serving organizations across the country with the mission of breaking the cycle of poverty in low-income communities. Since inception, RDF has originated over $675 million of community development loans in 34 states across the nation, leveraging over $3 billion of capital into low-income communities. Headquartered in Phoenix, RDF lends nationwide and has offices in Seattle and Montclair, N.J.