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Albina Community Bancorp
430 NW 10th Ave, Ste 101Portland OR, 97209-3113
CDFI Awards for Albina Community Bancorp
FA (2009) - $2,000,000
Albina Community Bancorp is a bank holding company and the parent of Albina Community Bank. Both entities are certified CDFIs. Established in 1995, Albina Community Bancorp serves low- and moderate-income persons in Portland, Oregon. It provides a full range of financial products and services, including loans to refinance predatory mortgages and loans for affordable housing development. It also provides an extensive amount of small business lending. Albina Community Bancorp will use its CDFI Program award to increase the volume of its lending to its target market
TA (2004) - $84,000
Albina Community Bancorp (ACB) will use the award to obtain consulting services to develop its customer information tracking and reporting system; to organize its loan servicing department and, to acquire management software.
CORE (1997) - $400,000
A $400,000 equity investment made by the CDFI Fund will enhance the capital base of the bank and leverage over $4 million in additional assets.
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