About us

Our Mission

Raza Development Fund invests capital and creates financing solutions to increase opportunities for the Latino community and low-income families.

The RDF Difference: A Lender with a Heart and Soul*

Service for the love of family is the foundation of RDF. With a focus on lending capital, with business discipline and charity serving poor communities, we help tailor project loans with community leaders and organizations that serve Latino and poor communities.

Our focused community development model keeps us close to the real issues that low-income families face and enables us to anticipate future needs.

This is accomplished through pre-development loans, organizational assessments and a range of unconventional lending products.

* James Feild – Board Chair

RDF offers a range of financing options:

  • Pre-Development Loans
  • Acquisition/Land Loans
  • Construction & Bridge Loans
  • Mini Permanent & Term Loans
  • Operating Lines of Credit
  • Tenant Improvement Loans
  • New Markets Tax Credits Leverage Loans (NMTC)

Technical Assistance

RDF takes an active role in promoting the success of its partners and clients. Our hands on approach to community development is collaborative and designed to add value throughout the development process- from concept to completion.


Each member of the RDF Leadership team is dedicated to serving Latino and low-income communities and causes. As community champions, they dedicated to our mission to serving the community.

Tommy Espinoza
President & CEO

Mark Van Brunt
Chief Operating Officer

Rodrigo Vela
Chief Financial Officer

David Clower
Chief Investment Officer

Scott Richter
Chief Credit Officer

Elvira Espinoza
Chief Communications Officer


Board of Directors

RDF has a distinguished Board of Directors who are all leaders in their respective fields of work. Our current board members are as follows:

Board Chair:
James W. Feild
SVP Community Development Executive
Bank of America

Vice Chairwoman:
Arabella Martinez
Retired: Interim CEO
Latino Community Foundation

Tommy Espinoza
President & CEO
Raza Development Fund

Janet Murguia
President & CEO
National Council of La Raza (NCLR)

Janis Bowdler
Managing Director
JP Morgan Chase Co.



Kimberly Latimer-Nelligan
Chief Operating Officer
Low Income Investment Fund (LIIF)

Joseph F. Reilly
President & CEO
Community Development Trust

Art Ruiz
State Farm Insurance Co.

Kenneth I. Trujillo
Chamberlain Hrdlicka

Roldan Trujillo
RCT Advisory


Over more than 15 years, RDF has established strong and lasting partnerships with banking and insurance companies preserving their capital and ensuring them community development. Our funding partners have demonstrated commitment to the Latino community with the acknowledgement that RDF’s mission takes us beyond a lending relationship into shaping the future of our country, one community at a time. The Fund was established with an original $20 million investment from Bank of America, followed by contributions from State Farm Insurance and Fannie Mae Foundation. RDF has continued to grow its relationships and has entered into loan agreements with JP Morgan Chase Bank and Wells Fargo, among others. In 2013, RDF became a proud member of the Federal Home Loan Bank of San Francisco. In the coming years, RDF will continue to grow its investor base to continue serving the low- income Latino community.

Founding Investors:

  • Bank of America
  • State Farm Insurance Companies
  • Citi Foundation

Investing and Lending Partners:

  • Alliance Bank
  • Ally Bank
  • BBVA Compass
  • Capital One Bank
  • Charles Schwab
  • Deutsche Bank
  • Federal Financing Bank (CDFI Bond Guarantee Program)
  • Federal Home Loan Bank of San Francisco
  • JP Morgan Chase
  • KS State Bank
  • Northern Trust
  • PNC Bank
  • Wells Fargo