| The Association
of Reinvestment Consortia for Housing (ARCH)
 The Association of Reinvestment Consortia for Housing (ARCH) is an informal
association of affordable housing lending consortia, which were formed by groups
of financial institutions from throughout the country. These consortia allow
financial institutions to finance affordable housing projects that they would
not independently be able to fund by sharing the risks and costs associated
with community development lending. Collectively, ARCH members represent over
400 commercial banks and savings and loans, with loan commitments and fundings
totaling over $1.5 billion. Since 1990, ARCH members have financed the construction
of over 94,000 affordable housing units throughout the country. With the help
of the San Francisco Federal Reserve Bank, the executive directors of the consortia
gather twice a year to discuss industry trends, share best practices, and hear
from leading affordable housing experts.
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