Equity With a Twist

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EQT
Overview
LIIF and JPMorgan Chase are excited to announce “Equity with a Twist” (EQT) – a new way to invest in social change. EQT is a social capital product that provides flexible, low-cost financing to support and incentivize integrative, outcomes-driven solutions to poverty.The first three investments from EQT will accelerate neighborhood transformation efforts of large-scale public housing in San Francisco and Los Angeles, neighborhood revitalization in Cincinnati, and a New Orleans community still rebuilding a decade after Hurricane Katrina.

Read the press release

Product Details

  • $6MM capital pool
  • Up to 10-year financing
  • High social return and modest financial return to investors
  • $2MM each to pilot partners in San Francisco, Los Angeles, and New Orleans
  • Projects support mixed-income housing, K-12 education, and early childhood education

Pilot Partners

BRIDGE Housing

Location: San Francisco and Los Angeles, CA
Project: Potrero Terrace & Annex and Jordan Downs
BRIDGE’s EQT financing will support the Potrero Terrace & Annex in San Francisco, a HOPE SF site, and Jordan Downs in Los Angeles. These projects will transform dilapidated public housing into vibrant mixed-income communities, with programs and services.

Bayou District Foundation

Location: New Orleans, LA
Project: Columbia Parc
BDF will use EQT financing to support its revitalization of Columbia Parc in New Orleans. The project includes mixed-income housing, a health clinic, a high-quality early childhood education school and a planned K-8 charter school.

The Community Builders

Location: Cincinnati, OH
Project: Avondale Town Center
The Community Builders will use EQT financing to support its revitalization of Avondale Town Center in Cincinnati. The town center project includes construction of new affordable housing and retail space, and the renovation of two multifamily housing developments.


Contact

Have a question about EQT or want to see if your organization could apply for EQT financing? Please contact:

Rachel Bluestein, Vice President, National Programs, rbluestein@liifund.org