Investing in the Southern U.S.
June 22, 2010
Calvert Foundation is committed to investing in a diverse range of organizations. This means we vet opportunities not only around the world, but also across the country. In the first quarter of 2010, we dispersed over $8 million in new loans, including new investments in southern states like Virginia, South Carolina, and Florida – places where we had not been as active before. New groups in our portfolio include:
Virginia Community Capital (VCC) – VCC works in affordable housing and economic development sectors, providing loans and financial products all around the Commonwealth. Since 1995, VCC has created/rehabilitated more than 2,000 affordable housing units and created/revitalized over 500,000 square feet of commercial projects.
Florida Community Loan Fund (FCLF) – FLCF finances non-profit organizations offering affordable housing and economic development. Raising money through a variety of investments, including equity and debt capital investments, FLCF has loaned more than $12 million to help create over 2,000 affordable housing units, 20 community facilities, and create more than 350 jobs.
Charleston CDC (CACDC) – CACDC works within three counties surrounding Charleston, SC to improve the lives of people who are below the area’s median income. They do this through services such as affordable housing, debt management, financial literacy education, and neighborhood stabilization programs.