Aeris Announces 14 New CDFI Ratings

PHILADELPHIA, PA, January 7, 2021—Aeris®, the rating and information service for impact investments, announced today that it issued ratings and analysis on 14 community development loan funds (CDFIs) during the fourth quarter of 2020.

For more than 30 years, CDFIs have lifted up the most vulnerable communities in America by providing loans to small businesses, healthcare facilities and schools, affordable and environmentally sustainable rental and ownership housing, healthy food retailers, and more.

Aeris® Rating Reports facilitate investments in CDFIs by offering investors comprehensive analyses of the fundamental financial and management components that indicate a CDFI’s capacity to manage and weather changes in its operating environment.

In addition to Aeris Rating Reports, Aeris Performance Maps track quarterly financial performance of rated and reporting CDFIs during these swiftly changing times. During the fourth quarter, Aeris added three additional CDFIs to its performance database: Appalachian Growth Capital, NDC Community Impact Loan Fund, and Raza Development Fund.

The full list of Aeris-rated and reporting CDFIs can be found on Aeris’ website: https://www.aerisinsight.com/fund-selector/.

The following 14 CDFIs were analyzed and rated by Aeris between October 1 and December 31, 2020:

CDFI Name Location Impact Area
Access to Capital for Entrepreneurs Cleveland, GA Economic Security, Health and Food Access
Accion Opportunity Fund San Jose, CA Economic Security
Baltimore Community Lending Baltimore, MD Economic Security, Housing
Bridgeway Capital Pittsburgh, PA Economic Security, Health and Healthy Food
Citizen Potawatomi CDC Shawnee, OK Economic Security, Health and Healthy Food, Housing
Coastal Enterprises, Inc. Brunswick, ME Economic Security, Environmental Sustainability, Housing
Craft3 Astoria, WA Economic Security, Education, Environmental Sustainability, Health and Food Access
Genesis LA Los Angeles, CA Housing, Economic Security, Education, Environmental Sustainability
IFF Chicago, IL Education, Health and Food Access, Housing
Mercy Community Capital Denver, CO Economic Security, Housing
New Hampshire Community Loan Fund Concord, NH Housing, Economic Security, Health and Healthy Food, Education
New Jersey Community Capital New Brunswick, NJ Housing, Economic Security, Environmental Sustainability, Health and Healthy Food
Northern Initiatives Marquette, MI Economic Security
Pacific Community Ventures Oakland, CA Economic Security
PIDC Community Capital Philadelphia, PA Economic Security
Primary Care Development Corporation New York, NY Health and Healthy Food
Renaissance Community Loan Fund Gulfport, MS Housing, Economic Security
Rural Community Assistance Corporation West Sacramento, CA Economic Security, Environmental Sustainability, Health and Healthy Food
Rural Electric Economic Development Inc. (REED) Madison, SD Economic Security, Health and Food Access, Housing, Education
Southeast Kentucky Economic Development Corp Inc. Somerset, KY Economic Security

About Aeris

Aeris is a rating and information service for impact investments. Aeris has established risk management standards for private community loan funds (CDFIs) and has helped strengthen the development of impact measurement and management practices in the CDFI industry. Since 2004 Aeris has issued more than 950 ratings on CDFIs, based on thorough analyses of each organization’s capital structure, asset quality, earnings, liquidity, management and governance strength and practices. Aeris’ analyses have been used by more than 160 investors, including financial institutions, government entities, private foundations, and wealth advisors. Contact Aeris for more information: https://www.aerisinsight.com/contact/.