For Immediate Release – September 11, 2017, (Hartford, CT) Hartford Community Loan Fund has named Calvin Richardson as the organization’s Director of Lending. Richardson returns to a role he occupied at HCLF from 2006-2008, before joining Fannie Mae where he served as Real Estate Credit Manager for nine years. More recently, Richardson was a senior lender at Capital for Change. HCLF’s Board President Jack Ellovich stated, “Calvin created HCLF’s Construction-Rehab Loan Program ten years ago, so it seems fitting that he would return to lead the program through our current growth phase.” HCLF recently announced that the loan program, which provides financing for the rehab of residential and mixed use properties, would expand from a Hartford-only focus to now serve the greater Hartford region.
Joining Richardson on HCLF’s lending staff is Yolanda Williams, HCLF’s new Loan Servicing Specialist. Williams comes to HCLF from 17 years in the servicing department of Liberty Bank and takes over the role previously filled by Sarah Simonelli, who will move into the role of Portfolio Manager.
HCLF, a community development financial institution (CDFI), has originated more than 170 construction-rehab loans totaling more than $25 million since the program began in 2006. The program has facilitated the rehabilitation of more than 750 units of housing affordable for low and moderate income households throughout Hartford.