The financing from Calvert Foundation has been critical to fulfilling our mission of preserving affordable housing nationwide.— Michael Sloss, Managing Director, ROC USA® Capital
Over the past 18 years, Calvert Foundation has invested more than $567 million in 380 CDFIs and nonprofits around the world. While we’re proud of that track record, the maturation of the community lending market has reduced our need to work across the whole spectrum of the space – that is raising capital, deploying capital, and providing infrastructure and thought leadership.
The organizations we lend to do a tremendous job understanding the needs of their local communities and offering lending products that fulfill those needs. However, one of their biggest challenges is accessing investment capital to be able to grow their lending programs. This is the key strength that Calvert Foundation brings to the table. Our connection to financial markets enables us to raise capital from both individual and institutional investors for community development.
During the next 18-24 months we will transition to deploying capital through larger partnerships, reducing the number of organizations we lend to from about 200 today to 20 to 40 in the near-term. This enables us to focus on what we do best: raising private capital to channel into the CDFIs and other community organizations that are creating real change at the ground level.