Partners for the Common Good, Inc. - A National Nonprofit Loan Fund for Community Development
Investing in community development can be a powerful force for good. It can promote economic justice and help low-income people and communities thrive. Partners for the Common Good, Inc. (PCG) is a national nonprofit loan fund that has been leading the way when it comes to investing in community development finance opportunities. By facilitating partnerships to finance affordable housing, community facility, neighborhood commercial revitalization, and nonprofit working capital, PCG is helping those with limited resources access the capital they need to make their dreams of a better future a reality.
What is PCG?
PCG was founded in 2005 to provide capital to underserved communities across the US by providing loan funds through its network of partners. The mission of PCG is “to advance economic justice for low-income people and communities” by providing access to capital that would otherwise be out of reach. To do this, PCG facilitates partnerships between local banks, non-profit lenders and government entities that are looking to finance projects in their own communities or beyond. Since its inception, PCG has provided more than $500 million in financing for over 400 projects across 43 states and Puerto Rico.
How Does PCG Work?
PCG works by connecting investors with local lenders who are looking to finance affordable housing or other community development projects. Through its CapNexus platform, investors can search for projects in their area or nationally that fit their criteria and invest directly in them using an online platform or connect with local lenders who need additional funding. This not only allows investors to find new opportunities but also helps local lenders reach potential investors who may not have been aware of their project before.
PCG also works with local governments and organizations on policy initiatives related to community development finance including tax credits, grants, incentives and other financial tools that can help support affordable housing projects and other initiatives related to economic justice in low-income communities around the country.
Partners for the Common Good is making a real impact by providing needed resources through collaborations between private investors and public institutions. With more than $500 million invested into over 400 projects across 43 states already under its belt, PCG is proving that when all parties come together for the common good anything is possible—including sustainable economic growth & social progress! If you're looking for ways to invest your resources into meaningful projects & initiatives that benefit underserved communities around the country consider exploring what Partners For The Common Good has to offer!
Contact Information
Andrew Baldwin
Chief Lending and Credit Officer
1444 I Street NW, Suite 201
Washington, DC 20005--653
baldwina@pcgloanfund.org