Rochdale Capital Corporation Inc.

Rochdale Capital Corporation Inc. is a U.S. nonprofit community development loan fund founded in late December 2021. The organization is dedicated to promoting cooperative and community ownership, with a specific focus on providing capital access to low-wealth communities.

Mission

Rochdale Capital's mission includes three core objectives:

• Promoting Community Ownership: The organization aims to expand community ownership and cooperative principles.
• Asset Building: It seeks to advance asset building in low-wealth communities.
• Capital Access: The goal is to broaden access to capital by offering flexible and affordable financing options not readily available from conventional sources.

Strategic Partnerships

Rochdale Capital has the National Cooperative Bank (NCB) as its founding and strategic partner. NCB brings over 43 years of experience in cooperative and commercial lending, having invested more than $7 billion in loans, investments, and grants across low- and moderate-income communities nationwide.

Loan Products

Rochdale Capital offers a range of financial products tailored to meet the needs of its target sectors. These products include:

• Real Estate Loans: These are used for purchasing or developing properties, particularly targeting housing cooperatives and affordable multifamily developers.
• Working Capital Loans: Designed for businesses to cover operational costs, inventory purchases, and equipment acquisitions.
• Cooperative Share Loans: Supporting the financial needs of cooperatives.
• Small Business Loans: Available for expansion, relocation, working capital, and other business needs.
• Equity Investments (EQ2): Providing low-cost capital to qualified community development financial institutions (CDFIs) with flexible terms and interest rates.

Sectors Served

Rochdale Capital primarily serves four main sectors:

• Limited Equity Housing Cooperatives: Supporting resident-owned housing models.
• Worker and Consumer Owned Cooperatives: Assisting cooperatives owned by their members.
• Small Businesses: Focusing on small enterprises with annual revenues below $1 million.
• Community-Based Nonprofits: Organizations serving low-wealth communities.

Development Services

Beyond lending, Rochdale Capital offers comprehensive development services:

• Business Counseling: Guidance on business operations and growth strategies.
• Financial Literacy: Educating borrowers on effective financial management.
• Credit Management Education: Training on maintaining healthy credit profiles.
• Advisory Services: Providing strategic advice for small businesses and homebuyers.

Leadership

The organization is led by a diverse group of professionals experienced in community development, cooperatives, and financial services. Key leaders include:

• John Holdsclaw: President & CEO, with a background in cooperative and community development.
• Kladé Hare Nersasian: Chief Loan Officer, overseeing loan sourcing and underwriting.
• Chantal Hart: Manager of Operations & Compliance, ensuring organizational compliance and administrative support.

Rochdale Capital operates as an equal opportunity provider, adhering to federal nondiscrimination policies. The organization aims to make financial services accessible to underserved communities, particularly women- and minority-owned businesses.

External Identification (EIN)

The organization's Employer Identification Number (EIN) is 873807038.