Rick Larsen (D-WA02)

Impact in the District

Between 2005 and 2023, there was $687.7 million in total lending from CDFI Fund award recipients, including $84.2 million in loans to businesses and entrepreneurs, $165.7 million in housing development and mortgage lending, $251.1 million in consumer lending, $89.3 million in lending to commercial real estate and community facilities, with the balance going to other activities. For more impact data, check out the CDFI Advocacy App over at CDFI Friendly America.

Stories from the District
An Entrepreneurial Journey: Jean’s Gift Shop
Jean Cultee, a Lummi Native from a fishing family, showcased entrepreneurial drive early on by purchasing her own skiff to fish in the river.
An Entrepreneurial Journey: Puget Sound Power Wash
Anthony worked as a diver on a fishing boat before being inspired to start his own power wash business. He put up yard signs, created a Google My Business website and started bringing in jobs. His need for additional equipment led him to Pacific Northwest Tribal Lending for a micro loan. Covid created challenges for his business but his tenacity and thinking outside the box has helped his business grow with last year was the biggest by far.
Elevating Fitness: The Success of Sound Sports Performance Empowered By Impact Pitch
Sound Sports Performance and Training LLC, in Lynnwood, is a blend of inspiration, fitness, and motivation – providing progressive fitness programs focused on anaerobic strength training for youth, adults, and […]
Everett YMCA
NFF invested in creating a vibrant community in Everett, Washington, by providing the YMCA of Snohomish County with capital to build a new headquarters.
HopeWorks Station II
HopeWorks Social Enterprises provides career opportunities to the residents and communities served by Housing Hope. HopeWorks develops and incubates businesses in “in-demand” industries, providing training opportunities that put low-income adults on a career ladder to living-wage employment. Their latest project is a new 67,312 sq. ft. building in Everett, WA that was completed in 2019. The ground floor commercial space provides workforce training, incubator space for job-creating businesses, and the office headquarters for HopeWorks. Project financing included $4.2 million in public grants, $2.2 million in capital campaign contributions, and a $1.7 million loan from HopeWorks social investors.
HopeWorks Station North
Our investment helped provide 65 new apartments for people experiencing homelessness in Everett, Washington, a high-cost community in the Puget Sound region.
CDFIs with Branches in the District
Gesa Credit Union
Industrial Credit Union of Whatcom County
Industrial Credit Union of Whatcom County
Industrial Credit Union of Whatcom County
Industrial Credit Union of Whatcom County
Industrial Credit Union of Whatcom County
Industrial Credit Union of Whatcom County
North Coast Credit Union
North Coast Credit Union
North Coast Credit Union
North Coast Credit Union
North Coast Credit Union
North Coast Credit Union
Seattle Metropolitan Credit Union

Map of CDFI Branches and Stories in

Washington Fact Sheet