Financing Affordable Housing and Community Development Across Washington

Partnering with financial institutions and public agencies to support housing, nonprofits, and local communities statewide.

Who We Are and How We Work

WCRA is a member-driven lending consortium created by Washington financial institutions to address affordable housing and community development needs through partnership. Our shared-risk model helps reduce barriers to financing while supporting responsible lending practices.

Since opening in 1992, WCRA has grown to offer multiple lending programs in collaboration with public agencies and nonprofit partners, supporting projects in communities throughout Washington State.

Read Our Story
A modern four-story apartment building with green, white, and yellow siding, multiple windows, and a few young trees in front—viewed from street level on a partly cloudy day—illustrates the impact of Washington affordable housing financing in creating vibrant community spaces.

Our Mission

To meet Washington's affordable housing and economic development needs through partnership

Circular seal with the text “CERTIFIED CDFI U.S. Department of the Treasury” and a city skyline silhouette above the letters CDFI, reflecting the longstanding Washington Community Reinvestment Association history of fostering inclusive urban growth.

Our Guiding Principles

Four young children and one adult wearing skirts dance together indoors near a large window overlooking a playground, in a vibrant community supported by Washington affordable housing financing.
  • To expand resources for the creation and preservation of real estate based community development in Washington State.
  • To expand resources for financing non real estate based loans to emerging nonprofits without access to traditional banking.
  • To be a voice for its member financial institutions on affordable housing and community development issues.
  • To provide a dynamic risk sharing vehicle to maximize private investment in community development throughout Washington State.
  • To operate within a strategic and financially prudent structure.
  • To work with public sector entities to promote public/private partnerships that achieve maximum leverage of public dollars.
  • To provide value to its members and the communities they serve that will generate and sustain support for WCRA's long term operation and success.
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