CALIFORNIA REINVESTMENT COALITION
474 Valencia Street, San Francisco, CA 94103 www.calreinvest.org

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Organizations Filed Purposes: The Organization's mission is to build an inclusive and fair economy that meets the needs of communities of color and low-income communities by ensuring that banks and other corporations invest and conduct business in communities in a just and equitable manner.

The Organization promotes economic security and financial inclusion for immigrant families. Trained and graduated our first class of 13 new Emerging Leaders for Economic Justice and Immigrant Rights. Collaborated with CRCs Here to Stay Leadership Steering Committee to map out a strategy to promote the financial and economic security of immigrants. Launched our Economic Health Promotoras program: Through outreach, community education, informal counseling, social support, and advocacy, Economic Health Promoters (promotoras) will connect immigrant women and families to safe, affordable financial resources.CRC works to ensure that banks are accountable to the communities in which they operate and that they fulfill their obligations under the Community Reinvestment Act to invest in low- and moderate-income communities. Signed a $7.75 Billion Community Benefits Agreement with CIT Group that directs lending and investments in the areas of small business, affordable housing and community development, and expanded banking services in low income communities and neighborhoods of color over the next three years. Announced a $9.5 Billion Community Benefits Agreement with Mechanics Bank following the announcement of their merger with Rabobank, that represents a significant increase in the combined banks investments in community development, small business lending, and home ownership programs, along with access to bank accounts for all eligible customers. CRC works to advance corporate practices and policies that protect, preserve and promote the development of affordable housing. In support of our Anti-Displacement Initiative, more than 100 organizations signed onto CRCs Anti-Displacement Code of Conduct, which provides a roadmap for the responsible infusion of capital into low-income neighborhoods and curbs displacement financing. Announced a new partnership with Silicon Valley Community Foundation and Community Bank of the Bay that ensures SVCFs deposits are not used to finance serial evictors, and we are in conversations with other foundations and banks to follow suit. Settled a HUD-approved Fair Housing complaint with CIT/OneWest Bank in Southern California that makes $100 million available in neighborhoods of color for home purchase, home improvement, and home refinancing loans; creates a $5 million Subsidy Fund for closing costs and down payment assistanceCRCs signature CRA work brought together community members with bankers to evaluate how well banks are meeting their community investment goals, advocate for responsible business practices, protect consumers from harmful financial practices, and developed innovative programs to protect the wealth of low-income families and people of color. Initiated a pilot program with the County of Los Angeles to promote safe, affordable alternatives to high-cost, small-dollar loans under a fee-for-service contract with Fenton Communications. Secured a groundbreaking contract agreement that provides no-fee ATM access for low-income families who receive safety-net benefits. As a result of a multi-year campaign led by CRC, some of the largest banks, including Bank of America, JPMorgan Chase, and Wells Fargo, now provide free ATM access nationwide to public benefits recipients. This new corporate practice saves low-income families in California alone more than $20 million annually money that working families can put toward rent, food, and clothing. Filed a joint lawsuit with Democracy Forward against the Consumer Financial Protection Bureau (CFPB) for defying the Dodd-Frank Act by unlawfully failing to collect and disclose data on lending to women-owned, minority-owned, and small businesses.

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