The City of Saint Paul is responsible for the community impact of the $10 million Socially Responsible Investment Fund (SRIF), which is designed to promote and reward local banks that demonstrate exemplary investment in targeted neighborhoods and the promotion of the Small Developer Ownership Construction Program, a financial tool for small developers.
The City of Saint Paul places a total of $10 million in certificates of deposits in qualifying community banks that have a successful track record of investing loan dollars to support Saint Paul's commercial corridors, minority-, female-, and small-owned businesses, housing initiatives, community development corporations (CDC's), and low-income communities.
- To inquire about a loan through one of these participating financial institutions, contact the financial institution directly. The City of Saint Paul does not originate these loans.
- If your financial institution is interested in participating in SRIF, visit SRIF website.