Partners for the Common Good (PCG) and OFN have partnered to create the Economic Justice Partnership Fund (EJPF) to support primarily smaller and medium sized CDFIs that have difficulty efficiently accessing sufficient capital for larger transactions. Using EJPF, CDFIs can provide flexible loans of up to $6 million for affordable housing and community facilities projects across the country.
Project loan amount: Up to $6 million Term: Up to 6 years Allowable uses: Acquisition, construction, and mini-permanent loans for affordable housing and community facilities supporting low- to moderate-income communities. Fund owners: PCG and OFN are co-owners of the fund, with PCG serving as the contract underwriter, loan servicer, and fund manager. Investors include commercial banks, large CDFIs, and other financing institutions.
For more information:
If your CDFI is interested in applying for EJPF funding, please contact Dorian Butts Senior Loan Officer PCG.