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Partners for the Common Good
1801 K Street NW, Suite M-100Washington DC, 20006-1301
CDFI Awards for Partners for the Common Good
TA (2009) - $94,992
Partners for the Common Good is a certified CDFI and non-profit loan fund in operation since 1989. It operates as a wholesale participation lender, providing financing assistance to nonprofit businesses, including CDFIs that serve low-income communities. Partners for the Common Good will use its TA grant for personnel support, trainings, professional services, and equipment.
FA (2008) - $1,069,140
Partners for the Common Good, Inc. (PCG) is a certified CDFI established in 2000. Based out of Washington DC, it is a national nonprofit loan fund. PCG operates as a wholesale participation lender, providing financing to a national market of nonprofit businesses that serve low-income communities. PCG will use the FY08 Financial Assistance award of $1,000,000 as equity capital to support its growth and lending activities. The FY08 Technical Assistance grant of $69,140 will be used to enhance its organizational capacity and build its loan participation activities.
FA (2006) - $585,000
Established in May 2001, Partners for the Common Good (PCG) is a national faith-based community investor fund that provides scarcely available, flexible working capital financing to CDFIs and other nonprofit organizations and social purpose enterprises. PCG’s mission is to promote economic justice and social change to benefit low-income families and communities. PCG will use the 2006 Financial Assistance Award of $498,000 to support its lending and development services in its domestic target market and will use its Technical Assistance Award portion of $87,000 to build its institutional capacity by purchasing software, improving its website, and acquiring training for staff.
FA (2004) - $758,660
Partners for the Common Good (PCG) will use the award to expand its lending activity to other ecomonic development-oriented non-profits across the country through the building of loan loss reserves and its equity base.
FA (2003) - $634,000
The Fund"s $634,000 will be used to capitalize loan loss reserves, and build PCG"s capacity through needed technical assistance. By increasing its loan loss reserves, PCG will be able to unleash investor capital that is targeted to direct lending to Affordable Housing and Economic Development borrowers. Approximately 99% of this award will be targeted to Hot Zones.
SECA (2002) - $168,200
PCG"s SECA award will help it capitalize its loan fund and build institutional capacity.
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