Commitment to Action

Ours to Own: Invest in the City You Love

Providing loans to experienced community development organizations

Commitment by

Calvert Foundation

In 2014, Calvert Foundation, along with local and national partners, committed to launch the Ours to Own campaign in the Twin Cities, Denver, and an additional three cities by the end of 2015. In each city, Calvert Foundation will raise capital from citizen-investors through a city-branded Community Investment Note (a registered fixed income security) and deploy this capital through loans to experienced community development organizations targeting neighborhood revitalization or small business development. Over the next three years, an estimated 5,000 citizen investors will participate in this commitment, investing $30 million across five cities, with at least $15 million going towards small business lending and development. That lending will help small businesses to create 750 new jobs.

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Overview
Summary

Commitment

Ours to Own: Invest in the City You Love

Launched

2014

Est. Duration

2 years

Estimated Total Value

$10,850,000

Region

Northern America

Countries

United States

Commitment by

Calvert Foundation

Partner(s) of the Commitment Maker(s)

PNC Bank, The Straus Foundation, Wells Fargo Bank, JPMorgan Chase Foundation, Intridea, Citi Foundation, National Development Council, The Piton Foundation, Colorado Health Foundation, Humanim, Kresge Foundation, Community Reinvestment Fund, Colorado Enterprise Fund, Invested Impact, The Denver Foundation, Free Range Studios, The Goldseker Foundation, Urban Land Conservancy