Founded in 2000, Partners for the Common Good’s mission is to advance economic justice and opportunity for low-income people and communities. We do this by partnering with and promoting Community Development Financial Institutions (CDFIs) that promote affordable housing, neighborhood revitalization, healthy communities and other initiatives that create economic opportunity or reduce the racial wealth gap.
PCG founded the CDFI industry’s first wholesale loan participation network that today has partnered with 50+ CDFIs in Washington, DC and 37 states, currently originates $18-20 million in participation transactions annually, and currently has an outstanding portfolio of nearly $40 million. In 2021 PCG launched the projected $50 million Economic Justice Partnership Fund (EJPF), an innovative off-balance sheet facility to expand PCG’s product offerings to the CDFI community. PCG also participates as a community development entity (CDE) allocating New Markets Tax Credits (NMTC). To date, PCG has received $85 million in NMTCs. PCG also provides contract servicing and monitoring for two external portfolios.
PCG is a CDFI infrastructure organization focused on building the capacity of the sector to generate impact. To that end, PCG manages the Community Development Bankers Association (CDBA) and the CapNexus platform (CapNexus.org). CDBA is the national trade association for the CDFI banking sector and advocates for the industry and communities served by CDFI banks. CapNexus is a community development finance industry networking and information sharing platform with 800+ users and which has posted over $1 billion community development transactions. PCG is a leader in social impact assessment and public policy advocacy. Our work is pioneering in its creation of new tools and infrastructure for community development finance organizations to manage portfolios and grow their scale and impact.
PCG’s office is located in Washington DC.
Founded in 2000, Partners for the Common Good’s mission is to advance economic justice and opportunity for low-income people and communities. We do this by partnering with and promoting Community Development Financial Institutions…