Northrim Receives Affordable Housing, SBA Honors

Northrim Bank is proud to announce two recent recognitions. Northrim Bank was presented with the Charles L. Edson Tax Credit Excellence Award by the Affordable Housing Tax Credit Coalition. This annual award recognize outstanding affordable housing developments and organizations that have demonstrated especially impactful use of the Low-Income Housing Tax Credit and was given to the organizations for their involvement in the Coronado Park II/Qintali View project. Participants included Cook Inlet Housing Authority, R4 Capital, Northrim Bank, The Rasmuson Foundation, and the Federal Home Loan Bank of Des Moines. Award recipients were recognized at an awards ceremony in Washington, DC, with members of Congress representing winning properties invited to present the awards.

Northrim was also presented with the 2020 Small Business Administration Alaska Lender of the Year from the SBA Alaska District Office. This award recognizes Northrim Bank’s commitment to providing financial assistance to Alaska’s small business owners which resulted in the approval of 17 SBA 7a loans totaling over $4 million during the federal fiscal year ending September 30, 2020. Northrim Bank was the 2019 SBA Alaska Community Lender of the Year.

“We are proud to be able to support our community through our work with organizations such as Cook Inlet Housing Authority and the Small Business Administration,” said Joe Schierhorn, Chairman, President and CEO. “These two awards highlight the dedication of our employees to serving Alaskan individuals and businesses alike. We are honored to be recognized for our work in the community.”