Kimberly LaRosa

President & CEO


8917 Lorraine Rd
Gulfport, MS 39503-4176

About Renaissance Community Loan Fund

Renaissance Community Loan Fund (RCLF) is a 501(c)3 established in 2006 to serve low-income residents & underserved communities in Mississippi. RCLF was founded after Hurricane Katrina to bridge the gap for safe, affordable housing in six south MS counties. RCLF had several programs that offered residents the opportunity of homeownership through low-cost/-rate lending, as well as financial counseling. RCLF was certified by the US Dept. of Treasury as a Community Development Financial Institution (CDFI) in 2010 after meeting stringent requirements of certification, including:

•organization is a financing entity
•primary mission of community development
•offers development services
As a CDFI, RCLF expanded to include unique business lending opportunities, but the main product line remains affordable housing, representing 83% of total loans. Important housing statistics include:
•Over 1,600 homes financed through 1st & 2nd mortgages, down payment assistance & forgivable loans, & closing cost assistance
•Principal owner of 118-unit senior affordable complex primarily serving low-income tenants. Riverside has served nearly 300 tenants, 90% being low-income
•Total financing for affordable housing is over $100 million

RCLF continues to bridge the affordable housing gap & promote community & economic development in MS through mortgages, DPA, home improvement & affordable housing development loans. The development loan is a relatively new program for RCLF to help replenish the affordable housing stock. Most recently, RCLF financed a South MS developer & is looking for partnerships in Central & Northern MS.

As previously mentioned and most likely unique to other HPN members, RCLF provides financing to small businesses to support economic development & entrepreneurial growth in MS. Since 2011, RCLF has provided $21 million to more than 100 businesses & $6.6 million in Paycheck Protection Program loans to nearly 400 businesses.

Community Programs

  • Housing and/or Financial Counseling
  • Other Community and Economic Development

Housing Development & Rehabilitation

  • Multi-Family Rental Development

Debt & Equity Investing

  • Commercial and/or Development Lending
  • Consumer Mortgage Lending