Positive Social Purpose
Investment Program (PSPIP)
During 2008, the
Positive Social Purpose
Investment Program: |
invested a total of
$177,009,365 |
| made 86 individual loans |
financed 2,972 units
of affordable housing |
participated in loans to
16 charter schools |
The General Board uses the PSPIP to promote affordable housing, community development and expanded loan opportunities for poor communities around the world, all while earning a market rate of return commensurate with risk. The program began in 1990 with a $25 million commitment to affordable housing. Today, the program has a $1.0 billion commitment to the creation and preservation of affordable housing and other community development facilities, with over $900 million invested.
Affordable Housing
We have projects in all 50 states. The majority of our loans have been made to affordable housing projects. The program has created, improved and helped preserve almost 30,000 housing units.
Learn more about affordable housing...
Community Development
The General Board's investment in community development has expanded to include both facilities lending and charter school lending.
Facilities Lending
To build strong communities, sustainable development must be achieved in all aspects of the community structure. Because of this, the General Board grew the focus of its initial affordable housing program to include facilities lending for community development projects.
Charter School Lending
Through charter school lending, the General Board can bring alternative educational opportunities to underserved communities. Many of the students enrolled in these schools qualify for a free or reduced-price lunch.
Learn more about community development...
Microfinance
PSPIP has invested $50 million in microfinance. Our intermediaries have relationships with over 50 microfinance institutions spread across Latin America, Eastern Europe, Southeast Asia and Africa.
Learn more about microfinance...
More Information
More information about the General Board's Positive Social Purpose Investment Program is available on the following pages:
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