News in “Program-Related Investments”

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First Look Program to Help Stabilize Struggling Communities

The nation’s top mortgage lenders agreed to offer selected state and local governments and nonprofit organizations right of first refusal to purchase foreclosed homes. Read More

Wachovia Wells Fargo Next Awards for Opportunity Finance Announce 2010 Finalists

Four leading community development financial institutions are competing for $8.25 million. Read More

CDFIs Receive Funding to Support Charter Schools

As part of a new $325-million JP Morgan Chase initiative, two Foundation-backed community development financial institutions will receive grants and access to $175 million in new low-cost debt to finance top-performing charter schools. Read More
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Program-Related Investments

To expand the reach of its grantmaking, the MacArthur Foundation makes low-cost loans and equity investments, known as program-related investments, to support charitable organizations and activities. Read More

Bank of America Eliminates Costly Overdraft Fees

Research and advocacy by MacArthur grantee the Center for Responsible Lending played a leading role in spurring the bank's policy shift, expected to save customers hundreds of millions of dollars. Read More

First Lady Highlights Need for Grocery Stores in Underserved Communities

As part of a campaign to prevent childhood obesity, First Lady Michelle Obama and the Secretaries of Agriculture and Treasury visited a Philadelphia grocer supported by MacArthur grantee The Reinvestment Fund, which helps finance grocery stores ... Read More

Window of Opportunity Investment Summary

The MacArthur Foundation is investing $150 million to preserve and improve affordable rental homes across the U.S. Read More

Congress Approves New Spending for CDFIs

In a victory for community financial development institutions (CDFIs), newly-passed legislation includes $247 million for the CDFI Fund of the U.S. Treasury Department — a dramatic increase over its $107 million budget in 2009. Read More

The Case for Preservation

Affordable Housing Finance
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New Investments for Community Development Financial Institutions

Community Development Financial Institutions (CDFIs) will receive new investments based on the efforts of a number of MacArthur grantees. Read More

Wachovia NEXT Awards Recognize Organizations for Investing in Community Development

Two of the nation’s leading community development financial institutions — New Hampshire-based Community Loan Fund and Kentucky-based Federation of Appalachian Housing Enterprises — received the 2009 Wachovia NEXT Awards for Opportunity Finance. Read More

Wachovia NEXT Awards Honor Two Community Development Financial Institutions

New Hampshire-based Community Loan Fund and Kentucky-based Federation of Appalachian Housing Enterprises (FAHE) are the recipients of the 2009 Wachovia NEXT $8.25 million Awards. Read More
  • Mission Investors Exchange

    A place where philanthropic leaders and innovators share ideas, tools, and experiences in order to increase the impact of their capital.

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  • Strength Matters Initiative

    A MacArthur-supported network of nonprofit affordable housing owners and developers supporting the growth, sustainability, and impact of the industry

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  • CARS: the CDFI Assessment and Ratings System

    CARS, a MacArthur grantee, provides comprehensive, third-party assessments of community development financial institutions' impact and financial performance.

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Staff

Portrait of Julia M. Stasch

Julia M. Stasch

Interim President
Portrait of Debra Schwartz

Debra Schwartz

Director, Program-Related Investments
Portrait of Allison Clark

Allison Clark

Associate Director of Impact Investing
Portrait of Urmi Sengupta

Urmi Sengupta

Program Officer, Impact Investing

Marion Goldfinger

Program Assistant
Portrait of Beth Gutelius

Beth Gutelius

Research Assistant
Portrait of Louise Powell

Louise Powell

Staff Assistant