The Loan Fund believes in making a "social impact" difference in every low-income community in which it lends.
To ensure that we do, every loan application is evaluated not only for its financial soundness, but also for the social impact of the potential investment.
This means that the Loan Fund aims to work with nonprofit organizations to finance projects that make a measurable difference in improving housing, creating economic opportunity and serving the human needs of low-income families and their communities.
The Loan Fund tracks the social impact of its loans by documenting:
- The number and type of affordable housing units built or renovated
- The number of "livable wage" jobs or job training opportunities created
- The number of businesses financed
- The number and type of community facilities built or renovated
- The number and type of people served by units of social services provided
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Measuring social impact can be challenging, and the Loan Fund continually seeks to improve its criteria for doing so. It also considers broader social impact measures such as community resident participation in the governance and implementation of a project, the capacity of a project to instill a sense of community pride and ownership, preservation of history and culture or bringing a community together for common purpose.
SOCIAL IMPACT RESULTS 1995-2005
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