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

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

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

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

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. 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. View Website

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

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

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