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

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

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 guarantee, converted from a prior approved program-related investment loan, 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

The Community Outcomes Fund, being developed by Maycomb Capital, is a new equity fund that will invest in outcomes based financing transactions in the US. The Fund seeks to help the public sector invest in social and health services that produce measurable outcomes and deliver financial returns to investors. This guarantee will provide partial credit protection to Fund investors in the event of underperformance. View Website

This equity investment supports the Massachusetts Pathways to Economic Advancement Pay for Success (PFS) Project. This is the first PFS project simultaneously focused on adult education, workforce development, and employment outcomes for American immigrants. Jewish Vocational Services will provide vocational English classes, skills training, and better jobs through its tiered intervention program. View Website

This nonprofit invests in missions to strengthen other nonprofits and social enterprises, partners with funders and investors to build strong, fair communities, and equip social leaders to make financial decisions. This loan will support the AIM Healthy Fund and unlock new payers and new relationships at the intersection of Health and Human Services in California. View Website

This association of credit unions supports low-to-moderate income people and communities by providing safe and responsible financial services. This loan will support credit unions transitioning for a community-impact-focused processing system. View Website

This membership organization works to enhance social, economic, political and community development for Native Hawaiians through loans and grants, a capital fund and affecting public policy. This loan will be used to expand opportunities for Native Hawaiians and the organizations that serve them. View Website

The low-interest loan to this national, nonprofit community development loan fund will expand NWC’s ability to provide financing to member organizations that provide affordable-housing, financial-counseling and community development services in all 50 states and the District of Columbia. NeighborWorks Capital will provide $2.5 million of its own funds. View Website

This pay-for-success transaction supports New York State Workforce Re-Entry 2013 LLC, an effort to reduce recidivism in New York City and the central New York city of Rochester. The investment allows the Center for Employment Opportunities to provide intensive services, including transitional employment and permanent job placement, to 2,000 recently released prisoners. A total of $13.5 million has been raised for the project, primarily via private-sector investors. New York State and the U.S. Department of Labor will pay investors up to $21.5 million in success payments for outcomes based on reduced recidivism, increased employment and completion of the job-training program. The effort will also help demonstrate a new method of financing social services. View Website

The commitment is one of three that support the Strong Families Fund, a joint effort by Kresge and the Robert Wood Johnson Foundation to finance social-service coordination in affordable family housing. The fund is a 10-year pilot intended to show how capital can be used to pay for services that contribute to housing stability and family well-being, and how a pay-for-performance model can fund supportive housing that measurably improves outcomes and generate savings for the public sector. If successful, the fund could provide a model for housing-finance agencies to fund service-enriched housing as a future policy change. The Kresge investments are complemented by a $1.25 million Human Services Program grant to the New York-based Corporation for Supportive Housing, which will administer the fund. View Website

The commitment is one of three that support the Strong Families Fund, a joint effort by Kresge and the Robert Wood Johnson Foundation to finance social-service coordination in affordable family housing. The fund is a 10-year pilot intended to show how capital can be used to pay for services that contribute to housing stability and family well-being, and how a pay-for-performance model can fund supportive housing that measurably improves outcomes and generate savings for the public sector. The investments are complemented by a $1.25 million Kresge Human Services Program grant to the New York-based Corporation for Supportive Housing, which will administer the fund. View Website

The commitment is one of three that support the Strong Families Fund, a joint effort by Kresge and the Robert Wood Johnson Foundation to finance social-service coordination in affordable family housing. The fund is a 10-year pilot intended to show how capital can be used to pay for services that contribute to housing stability and family well-being, and how a pay-for-performance model can fund supportive housing that measurably improves outcomes and generate savings for the public sector. If successful, the fund could provide a model for housing-finance agencies to fund service-enriched housing as a future policy change. The Kresge investments are complemented by a $1.25 million Human Services Program grant to the New York-based Corporation for Supportive Housing, which will administer the fund. View Website

A $1.5 million loan  helps the multiservice organization Roca Inc. provide intervention services to 1,302 young men, as part of a Massachusetts juvenile justice “Pay for Success” pilot project. Each year, approximately 4,000 young men age out of the juvenile justice system or are released from probation in Massachusetts; 65 percent will be incarcerated at least once within the next five years. Participants in Roca's program have a 22 percent recidivism rate. A companion grant from the Human Services Program helps Roca increase its organizational capacity to provide these services.  View Website

In 2009, we made program-related investments to 14 human services organizations that were providing food, shelter and other emergency services during the economic crisis. These three-year, zero-interest loans were designed so that the organizations might better meet the increasing demand for their services. We refer to this initial effort at social investing as our Community Relief Fund. View Website

In 2009, we made program-related investments to 14 human services organizations that were providing food, shelter and other emergency services during the economic crisis. These three-year, zero-interest loans were designed so that the organizations might better meet the increasing demand for their services. We refer to this initial effort at social investing as our Community Relief Fund. View Website

In 2009, we made program-related investments to 14 human services organizations that were providing food, shelter and other emergency services during the economic crisis. These three-year, zero-interest loans were designed so that the organizations might better meet the increasing demand for their services. We refer to this initial effort at social investing as our Community Relief Fund. View Website

More than 20 percent of U.S. households lack access to mainstream financial services, according to a 2011 Federal Deposit Insurance Corp. survey. The three-year low-interest loan insures deposits in community development credit unions in urban areas. The federation seeks to integrate access to affordable financial products with social services to help low-income individuals build assets and attain financial stability. View Website

The national economic-empowerment program provides financial education and affordable loans to low-wage earners, enabling them to purchase used cars for transportation to jobs, school and other activities. This $1.5 million program-related investment supports activities over five years and is paired with a $1.5 million grant to support the program’s expansion plans. View Website

Goodwill seeks to enhance the dignity and quality of life for individuals, families and communities by eliminating barriers to opportunity and helping people in need reach their fullest potential through employment. This low-interest loan allows Goodwill to expand the retail operations that support their social enterprises, employment and job training activities. View Website