| Program-Related Investments |
| Chicago Community Loan Fund | $250,000 |
Chicago, IL
Senior loan for real estate development, small business lending, and working capital for non profits working in low-income communities. $250,000 6-year senior loan approved in 2001. | |
| New Hampshire Community Loan Fund, Inc. | $500,000 |
Concord, NH
Senior loan to support affordable home ownership and small business lending. $500,000 7-year senior loan approved in 2002. | |
| Rural Community Assistance Corporation | $500,000 |
West Sacramento, CA
Senior loan for development of affordable housing, water and waste water systems, and community facilities in low-income, rural areas. $500,000 10-year senior loan approved in 1998. | |
| Corpus Investments |
| Bay Area Smart Growth Fund I, LLC | $1,500,000 |
San Francisco, CA
Commitment to a private equity fund to invest in commercial and residential real estate projects in 46 designated low- and moderate-income neighborhoods in the nine-county Bay Area of Northern California. | |
| California Smart Growth Fund IV, LP | $2,000,000 |
San Francisco, CA
Commitment to a private real estate partnership investing in urban markets using smart growth principle to create more livable and sustainable communities throughout California. | |
| Canyon-Johnson Urban Fund II, L.P. | $2,500,000 |
Beverly Hills, CA
Commitment to a private real estate partnership to develop or redevelop urban properties throughout the United States. | |
| Community Capital Management, Inc. | $7,500,000 |
Weston, FL
Commitment for a separate fixed-income securities account financing home ownership, enterprise development and community facilities in low- and moderateincome communities throughout the United States. Securities must be investment-grade or equivalent. | |
| Community Capital Management, Inc. | $5,000,000 |
Weston, FL
Commitment for a separate fixed-income securities account financing home ownership, enterprise development and community facilities in low- and moderate-income communities throughout the United States. Securities must be investment-grade or equivalent. | |
| Community Capital Management, Inc. | $5,000,000 |
Weston, FL
Commitment for a separate fixed-income securities account financing home ownership, enterprise development and community facilities in low- and moderate-income communities throughout the United States. Securities must be investment-grade or equivalent. | |
| UrbanAmerica, L.P. I | $1,500,000 |
New York, NY
Commitment to a private real estate partnership to acquire and develop retail and commercial properties in inner-city neighborhoods in the Northeast and Southeast, including federally designated enterprise zones and enterprise communities, and to provide opportunities for corporate and retail tenants to locate facilities in such communities. | |
| UrbanAmerica, L.P. II | $1,000,000 |
New York, NY
Commitment to a private real estate partnership to acquire and develop retail and commercial properties in inner-city neighborhoods nationwide including federally designated enterprise zones and enterprise communities, and to provide opportunities for corporate and retail tenants to locate facilities in such communities. | |
| Fixed-Income Securities |
| City of Cleveland (Ohio) | |
Taxable Economic and Community
Development Revenue Bonds
Series 2004 (Core City Fund)
Rating: AAA
To revitalize lower Euclid Avenue through the redevelopment of commercial space, the creation of 100 units of new for-sale and rental housing, and the creation of more than 800 permanent jobs. | |
| Community Reinvestment Revenue Notes | |
Eighteenth Series
Rating: AAA
To purchase loans from community development lenders that provide financing to stimulate economic development and provide affordable housing for communities in fourteen states. | |
| Housing and Redevelopment Authority of the City of Saint Paul, Minnesota | |
Taxable Tax Increment Revenue Bonds,
Series 2005
Saint Paul Neighborhood Scattered Site Project
Rating: Aa3
To finance the revitalization of the Phalen, University Avenue and Riverview Corridors through brownfield remediation, commercial development and housing development. | |
| Pinole, California Redevelopment Agency | |
Tax Allocation Refunding Bonds
Series 1998B
Rating: AAA
To finance commercial development pursuant to a redevelopment plan for the Pinole Vista Project Area. | |
| Redevelopment Authority of the City of Philadelphia (Pennsylvania) | |
Taxable Revenue Bonds, Series 2002B
Rating: AAA
To finance a portion of the City of Philadelphia Neighborhood Transformation Initiative through neighborhood revitalization and urban blight remediation. | |
| Schenectady Metroplex Development Authority | |
General Resolution Bonds, Series 2005A
Rating: AAA
To finance an urban commercial development project within the Metroplex service district in the City of Schenectady, New York. | |
Grantmaking
Recent Grants
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