Program Related Investments

Community Development Corporations (CDCs)

Bedford-Stuyvesant Restoration Corporation

Bedford Stuyvesant Restoration Corporation, the nation's first community development corporation, partners with Central Brooklyn residents and business to foster economic self sufficiency, enhance family stability and growth, promote the arts and culture, and help the neighborhood develop into a safe, vibrant place to live, work and visit.   Since its establishment in 1967, the CDC has helped attract more than $500 million in investment, placed over 20,000 youth and adults in jobs, and helped construct or renovate 2,200 units of housing. Read more about Bedford-Stuyvesant Restoration Corporation...

BRIDGE Housing

BRIDGE Housing was originally founded to combat San Francisco's shortage of affordable housing. Since 1983, the organization has expanded its capabilities to include project financing, community outreach, planning, construction management, property maintenance, and asset management. To date, BRIDGE has successfully developed over 14,000 homes with an estimated market value of three billion dollars. Read more about BRIDGE Housing...

Community Development Financial Institutions (CDFIs)

Low Income Investment Fund

Since the group's founding in the mid-1980s, LIIF has provided capital and technical assistance totaling $1.5 billion, which in turn leveraged an additional $6 billion, broadening economic opportunity for 1.7 million people. LIIF's investments helped to create 174,000 units of low income and special needs housing, 243,000 childcare spaces, and 72,000 educational facilities. Read more about Low Income Investment Fund...

Nonprofits Assistance Fund

Based in Minneapolis, the Nonprofits Assistance Fund aims to strengthen the community by investing capital and expertise into nonprofit organizations.  In fiscal year 2015, the CDFI provided over $16 million in working capital and facilities loans and 1,362 hours of financial technical assistance to a wide range of 501(c)(3) organizations operating across Minnesota and its neighboring communities.

Low Income Investment Fund

Since the group's founding in the mid-1980s, LIIF has provided capital and technical assistance totaling $1.5 billion, which in turn leveraged an additional $6 billion, broadening economic opportunity for 1.7 million people. LIIF's investments helped to create 174,000 units of low income and special needs housing, 243,000 childcare spaces, and 72,000 educational facilities. Read more about Low Income Investment Fund...

Program Related Investments

Low Income Investment Fund

Since the group's founding in the mid-1980s, LIIF has provided capital and technical assistance totaling $1.5 billion, which in turn leveraged an additional $6 billion, broadening economic opportunity for 1.7 million people. LIIF's investments helped to create 174,000 units of low income and special needs housing, 243,000 childcare spaces, and 72,000 educational facilities. Read more about Low Income Investment Fund...

Community Economic Development Assistance Corp.

The Community Economic Development Assistance Corporation (CEDAC) is a quasi-public intermediary that finances community development projects in low-income areas of metropolitan Boston. A 10-year, $1.5 million program-related investment from the Boston Foundation made in 2004 is expected to result in an additional 1125 units of housing for Greater Boston low-income individuals. Read more about Community Economic Development Assistance Corp....

George Gund Foundation, Program Related Investments

The George Gund Foundation, a private foundation dedicated to investment in Cleveland, is a leader among regional foundations in using program-related investments to leverage foundation assets in support of community wealth-building projects. The Foundation's first PRI was made in 1984 when $333,000 was loaned to the Famicos Foundation for construction of the Lexington Village Project, a 183 unit housing development in the Hough neighborhood of Cleveland. Since then, nearly 26 separate PRI transactions have been completed. Read more about George Gund Foundation, Program Related Investments...

Hope-Enterprise Corporation

Enterprise Corporation of the Delta provides financial services in Arkansas, Louisiana, Mississippi and the Greater Memphis area of Tennessee. Since 1994, ECD and its affiliate, Hope Community Credit Union, have generated over $1 billion in financing for small business, homebuyer and community development, and assisted more than 40,000 individuals in low-income communities throughout the Mid South. Read more about Hope-Enterprise Corporation...

ImpactAssets

Incubated by the Calvert Foundation and launched independently in 2009, ImpactAssets is a nonprofit financial services company striving to tackle global issues with equal regard for problem solving and profit. With the goal of achieving maximum environmental, social and financial impact, ImpactAssets also works to speed the adoption of impact investing by investors and philanthropists. To date, the nonprofit administers $60 million in assets, with a long-term goal of $1 billion in assets. Read more about ImpactAssets...

Low Income Investment Fund

Since the group's founding in the mid-1980s, LIIF has provided capital and technical assistance totaling $1.5 billion, which in turn leveraged an additional $6 billion, broadening economic opportunity for 1.7 million people. LIIF's investments helped to create 174,000 units of low income and special needs housing, 243,000 childcare spaces, and 72,000 educational facilities. Read more about Low Income Investment Fund...

Opportunity Fund

Founded in 1993, Opportunity Fund (formerly Lenders for Community Development) has disbursed over $10 million to more than 3,800 savers through its Individual Development Account (IDA) program, the nation's largest. The group has also made over 600 loans worth over $8 million to support local microenterprise and has directed over $115 million in community investment into affordable housing and community facilities. Read more about Opportunity Fund...

Swan's Market

This effort involved a $20 million, 135,000 square-foot project that included affordable housing, renovation of an existing market (Swans Market), a neighboring shopping center (Jack London Gateway), and cultural facilities (including a museum). Led by the East Bay Asian Local Development Corporation, an Oakland CDC, it also received critical support from the Heron Foundation, which provided two PRI loans for a total of $600,000 to support the project. Read more about Swan's Market...

Community Development Corporations (CDCs)

Bedford-Stuyvesant Restoration Corporation

Bedford Stuyvesant Restoration Corporation, the nation's first community development corporation, partners with Central Brooklyn residents and business to foster economic self sufficiency, enhance family stability and growth, promote the arts and culture, and help the neighborhood develop into a safe, vibrant place to live, work and visit.   Since its establishment in 1967, the CDC has helped attract more than $500 million in investment, placed over 20,000 youth and adults in jobs, and helped construct or renovate 2,200 units of housing. Read more about Bedford-Stuyvesant Restoration Corporation...

BRIDGE Housing

BRIDGE Housing was originally founded to combat San Francisco's shortage of affordable housing. Since 1983, the organization has expanded its capabilities to include project financing, community outreach, planning, construction management, property maintenance, and asset management. To date, BRIDGE has successfully developed over 14,000 homes with an estimated market value of three billion dollars. Read more about BRIDGE Housing...

Program Related Investments

Community Economic Development Assistance Corp.

The Community Economic Development Assistance Corporation (CEDAC) is a quasi-public intermediary that finances community development projects in low-income areas of metropolitan Boston. A 10-year, $1.5 million program-related investment from the Boston Foundation made in 2004 is expected to result in an additional 1125 units of housing for Greater Boston low-income individuals. Read more about Community Economic Development Assistance Corp....

George Gund Foundation, Program Related Investments

The George Gund Foundation, a private foundation dedicated to investment in Cleveland, is a leader among regional foundations in using program-related investments to leverage foundation assets in support of community wealth-building projects. The Foundation's first PRI was made in 1984 when $333,000 was loaned to the Famicos Foundation for construction of the Lexington Village Project, a 183 unit housing development in the Hough neighborhood of Cleveland. Since then, nearly 26 separate PRI transactions have been completed. Read more about George Gund Foundation, Program Related Investments...

Hope-Enterprise Corporation

Enterprise Corporation of the Delta provides financial services in Arkansas, Louisiana, Mississippi and the Greater Memphis area of Tennessee. Since 1994, ECD and its affiliate, Hope Community Credit Union, have generated over $1 billion in financing for small business, homebuyer and community development, and assisted more than 40,000 individuals in low-income communities throughout the Mid South. Read more about Hope-Enterprise Corporation...

ImpactAssets

Incubated by the Calvert Foundation and launched independently in 2009, ImpactAssets is a nonprofit financial services company striving to tackle global issues with equal regard for problem solving and profit. With the goal of achieving maximum environmental, social and financial impact, ImpactAssets also works to speed the adoption of impact investing by investors and philanthropists. To date, the nonprofit administers $60 million in assets, with a long-term goal of $1 billion in assets. Read more about ImpactAssets...

Low Income Investment Fund

Since the group's founding in the mid-1980s, LIIF has provided capital and technical assistance totaling $1.5 billion, which in turn leveraged an additional $6 billion, broadening economic opportunity for 1.7 million people. LIIF's investments helped to create 174,000 units of low income and special needs housing, 243,000 childcare spaces, and 72,000 educational facilities. Read more about Low Income Investment Fund...

Opportunity Fund

Founded in 1993, Opportunity Fund (formerly Lenders for Community Development) has disbursed over $10 million to more than 3,800 savers through its Individual Development Account (IDA) program, the nation's largest. The group has also made over 600 loans worth over $8 million to support local microenterprise and has directed over $115 million in community investment into affordable housing and community facilities. Read more about Opportunity Fund...

Swan's Market

This effort involved a $20 million, 135,000 square-foot project that included affordable housing, renovation of an existing market (Swans Market), a neighboring shopping center (Jack London Gateway), and cultural facilities (including a museum). Led by the East Bay Asian Local Development Corporation, an Oakland CDC, it also received critical support from the Heron Foundation, which provided two PRI loans for a total of $600,000 to support the project. Read more about Swan's Market...

Community Development Financial Institutions (CDFIs)

Low Income Investment Fund

Since the group's founding in the mid-1980s, LIIF has provided capital and technical assistance totaling $1.5 billion, which in turn leveraged an additional $6 billion, broadening economic opportunity for 1.7 million people. LIIF's investments helped to create 174,000 units of low income and special needs housing, 243,000 childcare spaces, and 72,000 educational facilities. Read more about Low Income Investment Fund...

Nonprofits Assistance Fund

Based in Minneapolis, the Nonprofits Assistance Fund aims to strengthen the community by investing capital and expertise into nonprofit organizations.  In fiscal year 2015, the CDFI provided over $16 million in working capital and facilities loans and 1,362 hours of financial technical assistance to a wide range of 501(c)(3) organizations operating across Minnesota and its neighboring communities.