Economic Justice Partnership Fund
Overview
Partners for the Common Good (Partners) and OFN have partnered to create the off-balance sheet product, Economic Justice Partnership Fund (EJP Fund), to support primarily smaller and medium-sized CDFIs and CDFIs and Borrowing organizations that are led by people of color that are in critical need in accessing sufficient capital. Using the EJP Fund, CDFIs can provide flexible loans of up to $6 million for community facilities and affordable housing projects across the country.
Details
- Project loan amount: Up to $6 million
- Term: Up to 4 years
- Allowable uses: Acquisition, construction, and mini-permanent loans for community facilities and affordable housing supporting low- to moderate-income communities.
- Fund owners: Partners and OFN are co-owners of the fund, with Partners serving as the contract underwriter, loan servicer, and fund manager. Investors include commercial banks, large CDFIs, and other mission-aligned financing institutions.
Apply Now!
To learn more or if your CDFI needs access to capital and would like to partner with Partners for the Common Good through the EJP Fund, please contact Rashida McGhie, Chief Lending Officer, at [email protected].