A thriving, vibrant neighborhood provides its residents with a diverse array of well-maintained and affordable community assets, including housing, schools, community centers, and retail and office space. Investing in community development encourages the revitalization of neighborhoods and uplifts local economies all while meeting the local needs of their residents. For over 27 years, we have been lending to community development financial institutions (CDFIs) that serve these neighborhood organizations and support local businesses and nonprofits, many of which also have an impact on affordable housing, education, and the health of communities.
Today, the creditworthiness of the CDFI industry is well-established, and some CDFIs have successfully gained direct access to the capital markets and have “graduated” out of our portfolio. Learn more about these graduations in our Success Stories below. Over the years, our work to support the industry has also evolved and expanded to include off-balance sheet financing facilities, loan participations, and other strategies to help CDFIs scale their impact beyond their balance sheets. An example of one such strategy is our Small Business Recovery work, distinct from our Community Investment Note® portfolio, which you can learn more about below.
Check out our Community Development news, features, and resources below.
The USSIF conference featured impact investors like Calvert Impact Capital as well as asset managers, institutional asset owners, data providers, financial advisors, and other practitioners.
06/22/22 | By Anna Mabrey
When the PPP loan was announced by Congress, many businesses found themselves shut out of the process due to a lack of information and access to the program through traditional financial institutions
07/06/21 | By Caitlin Rosser
During the pandemic, Community Development Financial Institutions (CDFIs) stepped up to deliver desperately needed relief to hard-to-reach small business owners
06/23/21 | By Beth Bafford
The combined health, economic, and social justice crises triggered by the coronavirus pandemic created a surge of awareness in the U.S. around the need to invest in underserved communities.
Many people still don’t know what CDFIs are or how to use them. An overview of CDFIs and some useful resources for how you can use them to align your desire for social justice with your investing.
There are many more ways to incorporate environmental, social, and governance investing into client portfolios than just mutual funds, and one of them has been around for decades.
Impact investments generate specific, positive and measurable environmental, social and/or good governance outcomes, oftentimes with market-rate financial returns.
The NY Forward Loan Fund (NYFLF) has lent more than $3.1 million to support 77 businesses and residential landlords across NY state with COVID-19 related costs and expenses as of today
08/05/20 | By Beth Bafford
As the economic impact from COVID-19 unfolds, small businesses —those that underpin the economic, social, and cultural fabric of the United States— are facing extreme challenges
03/27/20 | By Leigh Pomerantz
We recently closed a loan to Chicanos Por La Causa (CPLC), a community development corporation that serves individuals and families with low to moderate income in the southwestern U.S.
03/13/19 | By Nicholas Silbergeld