About Raza Development Fund

Raza Development Fund was founded in 1999 as a Community Development Financial Institution (CDFI) and a support organization to UnidosUS. True to our founding principles of service, human dignity and solid business management, our mission is to invest capital and create financial solutions to build generational wealth for Latino and underserved families across the country.
Raza Development Fund is now the largest Latino focused national CDFI with that strives to advance economic opportunity, social mobility, and racial justice. Since its inception, RDF has directly invested over a billion dollars in 38 states, leveraging over $6 billion in education, affordable housing, healthcare, social services, and social entrepreneurship.

The RDF Difference: "A Lender with Heart and Soul"

– James Feild, Former Board Chair 

Service for the love of family is the foundation of Raza Development Fund. With a focus on lending capital, with business discipline and  our families in mind, we help tailor project loans with community leaders and organizations that serve Latino and low-income communities. 

Our focused community development model keeps us close to the real issues that our 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. 

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.

Investors

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 acknowledgment 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 Gaurantee Program)
  • Federal Home Loan Bank of San Francisco
  • JP Morgan Chase
  • KS State Bank
  • Northern Trust
  • PNC Bank
  • Wells Fargo
Phone 602-417-1400
Raza Development Fund (RDF) is the largest national, Latino-focused nonprofit Community Development Financial Institution (CDFI). Driven by a mission to close wealth and opportunity gaps in Latino and other under-resourced communities across the United States, RDF provides responsible and attainable financial solutions to community-based organizations focused on health, education, affordable housing, climate resilience, homeownership, and entrepreneurship. RDF was founded in 1999 as a support organization to UnidosUS, the nation’s largest Hispanic civil rights and advocacy nonprofit, formerly known as the National Council of La Raza. As a testament to its exceptional financial strength and impact, RDF stands out as one of the few CDFIs with a prestigious AA- S&P rating. Since its inception, RDF has invested more than $1.3 billion across 38 states, leveraging over $6 billion in additional capital.
In accordance with federal law and U.S. Department of the Treasury policy, this institution is prohibited from discriminating based on race, color, national origin, sex, age, or disability. Submit a complaint of discrimination, by mail to U.S. Department of the Treasury, Office of Civil Rights and Equal Employment Opportunity , 1500 Pennsylvania Ave. N.W., Washington, D.C. 20220, (202) 622-1160 (phone), (202) 622-0367 (fax), or email crcomplaints@treasury.gov (email).

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