Positive Social Purpose Lending Program (PSP) Statistics

During 2008, the Positive Social Purpose Lending Program:

• invested a total of $177,009,365 in projects with a positive social purpose
• made 86 individual loans
• created 2,972 units of affordable housing
• participated in loans to 16 charter schools

Placement of Loans

The loans made through the PSP are held in three of the General Board's funds. Participants support the initiative by holding shares of these funds in their retirement accounts administered by the General Board.

As of 12/31/2008, more than $900 million has been invested in the PSP. The percentage of the program’s total loans held in each fund is illustrated in the chart below.

Annualized Performance of PSP Loans as of 12/31/2008