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Social Investments Made

A database of all social investments made since 2009. We update this listing several times a year as new investments are confirmed.

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PosiGen

Geography Served: Louisiana, Connecticut and New Jersey

Project:

The investment will contribute to the continued growth of PosiGen, as the company works to close the clean-energy-affordability gap by making solar and energy efficiency available to all homeowners. View Website

Amount

$5 million loan

Year

2020

Location

New Orleans, Louisiana

Program

Environment, Social Investment Practice

Focus Area

Transforming Key Urban Systems

Community Reinvestment Fund

Geography Served: Detroit, Michigan

Project: Paycheck Protection Program loans for nonprofits

This program-related investment loan supported Community Reinvestment Fund's efforts to extend Paycheck Protection Program (PPP) Loan application support and oversight to Detroit-area nonprofits. The PPP is a newly created loan guarantee program funded through the 2020 CARES Act. View Website

Amount

$2 million loan

Year

2020

Location

Minneapolis, Minnesota

Program

Detroit, Social Investment Practice

Focus Area

Coordinated Investments and Technical Assistance

New York City Energy Efficiency Corp.

Geography Served: National

Project: Financing Resilient Power

Financing Resilient Power is a guarantee facility that will increase climate resilience in low-income communities. Backed by this Kresge guarantee, NYCEEC will make investments in solar + storage and stand-alone solar PV projects in multi-family affordable housing, other supportive housing, commercial facilities and mixed-use projects, among others. View Website

Amount

$3 million guarantee

Year

2018

Location

New York, New York

Program

Environment, Social Investment Practice

Focus Area

Transforming Key Urban Systems

City of Baltimore

Geography Served: Baltimore, Maryland

Project: Baltimore Stormwater Environmental Impact Subordinate Revenue Notes

This program-related investment loan supported the purchase of Baltimore Stormwater Environmental Impact Subordinate Revenue Notes from the City of Baltimore. This work is an outgrowth and continuation of grant-funded work with the Chesapeake Bay Foundation (CBF) to advance green infrastructure and innovative financing mechanisms in climate-vulnerable, underserved communities in the Chesapeake Bay Region. The project will include construction of more than 100 green infrastructure sites, which will vastly increase the use of this climate change resiliency measure in Baltimore, where currently there are just a handful of sites. View Website

Amount

Up to $4 million loan

Year

2019

Location

Baltimore, Maryland

Program

Environment, Social Investment Practice

Focus Area

Transforming Key Urban Systems

IFF

Geography Served: Detroit, Michigan

Project:

This 15-month guarantee will permit the Marygrove Conservancy to obtain an unsecured line of credit of up to $3 million from IFF, a community development financial institution working in the Midwest, to serve as a bridge to cover the initial capital payments for construction of a new early childhood center, part of the cradle-to-career campus at Marygrove.   View Website

Amount

Up to $3 million guarantee

Year

2019

Location

Chicago, Illinois

Program

Detroit, Social Investment Practice

Focus Area

Transformative Project/Marygrove

LOCUS Impact Investing

Geography Served: National

Project: Community Investment Guarantee Pool

LOCUS Impact Investing is an investment advisory firm and subsidiary of Virginia Community Capital, a community development financial institution. It is the program manager for the Community Investment Guarantee Pool, a first-of-its-kind vehicle to allow organizations to pool unfunded guarantee commitments, allowing them to share risk and achieve greater societal impact. The Pool launched in January 2020 with $33.1 million in guarantee commitments from 11 organizations, including national funders, community foundations, health funders, and family offices. The Pool is expected to leverage five dollars to every dollar of guarantee commitment and will back loans in three sectors – affordable housing, small business and climate. View Website

Amount

$10 million guarantee

Year

2019

Location

Richmond, Virginia

Program

Social Investment Practice

Focus Area

Arctaris Impact Fund

Geography Served: National

Project: Opportunity Zones

The Arctaris Opportunity Zones Fund was created in partnership with the Initiative for a Competitive Inner City. It was expected to close at more than $500 million and invest via equity investments in operating businesses location in Opportunity Zones. Arctaris seeks to create living wage jobs through capital access, entrepreneur training and working training. View Website

Amount

$15 million guarantee

Year

2019

Location

Chestnut Hill, MA

Program

Social Investment Practice

Focus Area

Cook Inlet Housing Authority

Cook Inlet Housing Authority’s mission is to create housing opportunities that empower people and build communities. This program-related investment loan and $500,000 companion grant will help the Authority continue its Creative Placemaking work in the Spenard neighborhood of Anchorage. The loan dollars will be invested in three nearby commercial developments to accelerate CIHA’s vision for a comprehensive corridor approach to community development in Spenard. View Website

Amount

$3 million

Year

2019

Location

Anchorage, Alaska

Program

Arts & Culture, Social Investment Practice

Focus Area

Massachusetts Housing Investment Corp.

Massachusetts Housing Investment Corporation (MHIC) is a private financier of affordable housing and community development throughout Massachusetts. This program-related investment loan supports a collaboration between the Conservation Law Foundation and MHIC through which the partners expect to make at least three investments in health-oriented enterprises in New England, in each case drawing in local health insurer, hospital or other significant entity as a risk-taking co-investor. View Website

Amount

$5 million

Year

2019

Location

Boston, Massachusetts

Program

Health, Social Investment Practice

Focus Area

Inclusiv

Inclusiv is an association of community-development credit unions that advocates for and provides debt and equity-like capital to its members.  It also works to improve the quality and scale of responsible and equitable financial services in underserved communities. The Inclusiv Southern Equity Fund is the first, multi-investor fund for secondary capital investments, which are subordinated loans that low-income serving community development credit unions can count toward regulatory equity minimums. Fund commitments top $40 million dollars, led by this equity investment. View Website

Amount

$5 million

Year

2019

Location

New York, New York

Program

Human Services, Social Investment Practice

Focus Area

Massachusetts Housing Investment Corp.

Massachusetts Housing Investment Corporation (MHIC) is a private financier of affordable housing and community development throughout Massachusetts. This guarantee investment is a collaboration between the Conservation Law Foundation and MHIC through which the partners expect to make at least three investments in health-oriented enterprises in New England. Projects will be businesses and social enterprises located in low-income neighborhoods that are intended to have a positive health impact on residents. View Website

Amount

$1 million guarantee

Year

2019

Location

Boston, Massachusetts

Program

Health, Social Investment Practice

Focus Area

Inclusive Prosperity Capital

Geography Served: Northeast and Mid-Atlantic; eventually National

Project: Increasing financing for climate resilience

Inclusive Prosperity Capital (IPC) addresses the green energy financing gap by increasing access to capital for low-to-moderate income communities and nontraditional credits like nonprofits, faith-based organizations, housing authorities, schools, and small businesses. This guarantee will help IPC attract private capital investments to support its financing of clean energy and other climate resilience projects. Projects will include third-party solar for housing authorities, community facilities, and municipal buildings, and it will also support clean energy for affordable single- and multi-family developments. IPC will also work in partnership with developers operating in underserved markets with technology solutions or business model innovations that have yet to reach adequate scale to attract investment from the capital markets. View Website

Amount

Up to $10 million guarantee

Year

2018

Location

Rocky Hill, Connecticut

Program

Environment

Focus Area

NewCorp

Geography Served: New Orleans, LA

Project: BuildNOLA Mobilization Fund

The BuildNOLA Mobilization Fund launched in 2016 as a pilot to test the efficacy of a revolving loan pool to support Disadvantaged Business Enterprises (DBEs) working on public sector projects with a focus on African American-owned DBEs. This program-related investment will support a $10 million fully capitalized fund that over the long-term will strengthen disadvantaged businesses’ ability to bid and execute on a pipeline of public contracts, access roles as prime contractors and, over time, build wealth among these business owners and their employees.   View Website

Amount

Up to $2 million loan

Year

2018

Location

New Orleans, Louisiana

Program

American Cities, Human Services, Social Investment Practice

Focus Area

Pathway Lending

Geography Served: Memphis, TN

Project: Memphis Small Business Mezzanine Fund

Pathways Lending is a CDFI that provides lending solutions and educational services to support the development, growth, and preservation of underserved small businesses, affordable housing, and sustainable communities. With this program-related investment loan, Pathways will team with Epicenter Memphis, an entrepreneur hub focused on the underserved, to provide Pathway’s small business investment services to black-led businesses in Memphis, helping them to grow their businesses and drive social and economic mobility for business owners, their employees and communities. View Website

Amount

Up to $2.5 million loan

Year

2018

Location

Nashville, TN

Program

American Cities, Human Services, Social Investment Practice

Focus Area

College Forward

Geography Served: National

Project: Scaling the CoPilot Salesforce Platform

College Forward’s coaching program offers personalized, near-peer mentoring and a strong support network to guide motivated students to and through college. This program-related investment will allow the organization to invest deeply in its comprehensive student database, CoPilot, supporting its long-term development, marketing, and sales strategy. With CoPilot, student access and success organizations can input and analyze critical student data to deliver targeted interventions that help to ensure college completion. View Website

Amount

$600,000

Year

2018

Location

Austin, Texas

Program

Education, Social Investment Practice

Focus Area

Detroit Development Fund

Geography Served: Detroit

Project: Detroit Entrepreneurs of Color Fund 2.0

The community development financial institution assists in revitalizing economically distressed areas of Detroit by providing loans and technical assistance to small-business owners, developers, building owners and contractors. This guarantee supported the second-round funding for the Detroit Entrepreneurs of Color Fund. Though the proposed expansion, DDF sought to increase the fund’s total capacity to at least $19 million. The goal of the EOC Fund is to provide loans between $25,000 and $150,000 to 300 businesses owned by people of color or employing predominantly people of color based in Detroit.   View Website

Amount

$1.4 million guarantee

Year

2018

Location

Detroit, Michigan

Program

Detroit, Social Investment Practice

Focus Area

East Jefferson Development Corporation

Geography Served: Jefferson Chalmers

Project: East Jefferson Redevelopment

East Jefferson Development Company (EJDevCo) is a for-profit development subsidiary of Jefferson-East Inc. All revenues from EJDevCo are donated back to Jefferson East Inc. to support its ongoing neighborhood revitalization work. This program-related equity investment will provide patient equity to EJDevCo to acquire key vacant and blight buildings in the Jefferson Chalmers neighborhood, all of which are part of a larger development finance plan known as a Targeted-Redevelopment Area. This locally designated tax-increment finance district composes a cluster of parcels eligible under the Michigan Brownfield Redevelopment Finance Act. The tax capture from the TRA can be used for public-area improvements and support for predevelopment activities such as environmental assessments and remediation. This will be the first active TRA in the state of Michigan. View Website

Amount

Up to $2 million equity investment

Year

2018

Location

Detroit, MI

Program

Detroit, Social Investment Practice

Focus Area

Greenprint Partners

Fresh Coast Capital (FCC) is a mission-driven project developer that helps cities develop and finance community-focused green storm water infrastructure with intentional community engagement. This program-related investment will provide critical growth capital to FCC, helping the company to accelerate the development of its team, lines of business, and customer base.  View Website

Amount

$750,000

Year

2017

Location

Chicago, Illinois

Program

Environment, Social Investment Practice

Focus Area

Low Income Investment Fund

Geography Served: Atlanta, Chicago, Denver, Los Angeles, Memphis and San Francisco

Project: SPARCC

LIFF is a Community Development Financial Institution (CDFI) that creates pathways of opportunity for low-income individuals and communities. This program-related investment loan guarantee will support the SPARCC Initiative, which stands for Strong, Prosperous, and Resilient Communities Challenge. SPARCC will support multi-sector coalitions in six geographic-regions that are focused on creating equitable opportunities and greater access to opportunity for people with low incomes. Participating coalitions will benefit from a mix of core operating support, technical assistance, convening, strategic communications, innovation grants and lending to take advantage of time-sensitive catalytic investments. View Website

Amount

$2.5 million guarantee

Year

2017

Location

San Francisco, California

Program

Health, Social Investment Practice

Focus Area

Enterprise Community Loan Fund Inc.

Geography Served: Atlanta, Chicago, Denver, Los Angeles, Memphis and San Francisco

Project: SPARCC

ECLF is a nonprofit Community Development Financial Institution (CDFI) provides access to financing for local projects including affordable housing, charter schools, and community health centers. This program-related investment loan guarantee will support the SPARCC Initiative, which stands for Strong, Prosperous, and Resilient Communities Challenge. SPARCC will support multi-sector coalitions in six  geographic regions that are focused on creating equitable opportunities and greater access to opportunity for people with low incomes. Participating coalitions will benefit from a mix of core operating support, technical assistance, convening, strategic communications, innovation grants and lending to take advantage of time-sensitive catalytic investments. View Website

Amount

$2.5 million guarantee

Year

2017

Location

Program

Health, Social Investment Practice

Focus Area

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