Loans and Investment
Over the past two years, HSBC has made more than $1.4 billion in community development loans to commercial businesses, small businesses, affordable housing projects, credit unions and community development financial institutions.
The loans are made to for-profit, not-for-profit and developers that specialize in affordable housing development, community services targeted to low and moderate income individuals, or projects that revitalize and stabilize low and moderate income areas. Additionally, not-for-profit agencies have received the benefit of investments and/or grants totaling more than $50 million within the last two years.
Many of our community development customers are grassroots organizations that serve as financial intermediaries or community development financial institutions (CDFI’s). Financial intermediaries are actively engaged in the areas that serve and typically make much-needed grants and loans available. CDFI is a special funding designation given to qualifying agencies that allows them to access funds and leverage private-sector investments to revitalize the areas they serve.
Some of our partners include:
- The Enterprise Foundation
- Local Initiative Support Corporation (LISC)
- Low Income Investment Fund
- NeighborWorks® America
- Non-Profit Finance Fund
- Rural Opportunities, Inc.