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
Building Hope Washington, DC Education
Carolina Small Business Development Fund Raleigh, NC Economic Security
Colorado Enterprise Fund Denver, CO Economic Security
Community First Fund Lancaster, PA Economic Security, Health and Food Access, Housing, Education
Community Reinvestment Fund Minneapolis, MN Economic Security, Health and Food Access, Housing, Education
CommunityWorks Greenville, SC Economic Security, Housing
Corporation for Supportive Housing New York, NY Housing
Entrepreneur Fund Duluth, MN Economic Security
Fahe Berea, KY Economic Security, Health and Food Access, Housing, Education
Florida Community Loan Fund Orlando, FL Economic Security, Health and Food Access, Housing
Housing Partnership Network Boston, MA Economic Security, Education, Housing
Housing Trust Silicon Valley San Jose, CA Housing
INHP Indianapolis, IN Housing
Invest Detroit Detroit, MI Economic Security, Housing
LiftFund San Antonio, TX Economic Security, Education
Low Income Investment Fund San Francisco, CA Economic Security, Environmental Sustainability, Health and Food Access, Housing, Education
MoFi Missoula, MT Economic Security
Nonprofit Finance Fund New York, NY Economic Security, Education, Health and Food Access
PeopleFund Austin, TX Economic Security, Education
Propel Nonprofits Minneapolis, MN Education, Health and Food Access, Housing

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/.