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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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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

Aura Mortgage Advisors

Geography Served: Connecticut, Massachusetts, Rhode Island, Maryland, Pennsylvania, Chicago and urban areas of New Jersey

Project: Stabilizing Urban Neighborhoods (SUN)

Aura Mortgage Advisors helps families who have a steady income – but can’t make their monthly mortgage payments due to hardship – remain in their homes. This guarantee supported SUN’s application to the CDFI Bond Guarantee Program (BGP). The successful application unlocked $100 million of long-term fixed-rate financing to scale SUN and encouraged the BGP to adjust its structure and underwriting criteria to permit a wider range of community development projects for financing. View Website

Amount

$3 million guarantee

Year

2017

Location

Boston, Massachusetts

Program

American Cities, Social Investment Practice

Focus Area

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