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Community Reinvestment Fund, USA (CRF), a nonprofit organization that connects community development lenders with the capital resources of Wall Street, today announced it received a $100,000 grant from the Bank of America Charitable Foundation. This is the latest in a series of CRF investments by Bank of America.

The Bank of America Charitable Foundation grant will enable CRF to continue its innovative program of providing funding for community development lending in underserved communities across America.

“We are grateful for Bank of America’s continued support of CRF’s mission,” said Frank Altman, president and chief executive officer for CRF. “With small business owners struggling to find adequate sources of credit, this investment will support our existing programs and ongoing efforts to respond to the most pressing needs in our communities.”

With market conditions affecting credit availability and more distressed communities seeking capital than ever before, CRF is uniquely able to initiate economic recovery at the grassroots level. Since 1988, CRF has helped drive more than $1.1 billion in private capital to underserved communities, serving more than 200,000 individuals and creating or retaining nearly 45,000 jobs.

“As an active supporter of job growth and small business development, CRF continues to provide high-quality programs that contribute to individual and community vitality around the country,” said Doug King, Minnesota Market President, Bank of America. “We’re pleased to continue to support CRF and its critically important work as well as provide opportunities for businesses to grow.”

Community Reinvestment Fund, USA (CRF), a nonprofit organization and certified Community Development Financial Institution (CDFI), is the nation’s leader in bringing capital to public and private, nonprofit community development lenders through the secondary market for community development loans. Formed in 1988, CRF has injected more than $1.1 billion into low-income and economically disadvantaged communities around the country to help stimulate job creation and economic development, provide affordable housing, and support community facilities. CRF is headquartered in Minneapolis, Minn.