CHICAGO, Ill. (August 25, 2014) - Perkins Coie closed a $125 million US Treasury guaranteed bond issue on August 7, 2014 for the Community Reinvestment Fund, Inc. (CRF), a Minneapolis-based non-profit that improves the lives of disadvantaged people and strengthens distressed communities through innovative financing, and Community Development Trust, the country’s only private real estate investment trust with a public purpose. The bond issue will provide low cost capital to invest in affordable housing loans.

The bond issue was the largest of the three initial series of bonds issued this month under the Community Development Financial Institutions (CDFI) Fund Bond Guarantee Program which was authorized by and completed under the Small Business Jobs Act of 2010. Perkins Coie advised CRF and served as bond counsel for the transaction.

Led by Chicago partner Bruce Bonjour, the Perkins Coie team included Washington, D.C. Senior Counsel Darvin Davitian and Chicago associates Melissa Oka and Jaime Willis.

Perkins Coie is a leading international law firm that is known for providing high-value, strategic solutions and extraordinary client service on matters vital to our clients’ success. With more than 1,200 lawyers in offices across the United States and Asia, we provide a full array of corporate, commercial litigation, intellectual property, and regulatory legal advice to a broad range of clients, including many of the world’s most innovative companies and industry leaders as well as public and not-for-profit organizations.

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