Equity With a Twist
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 two investments from EQT will accelerate neighborhood transformation efforts of large-scale public housing in San Francisco and Los Angeles and a New Orleans community still rebuilding a decade after Hurricane Katrina.
Read the press release
- $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
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.
Have a question about EQT or want to see if your organization could apply for EQT financing? Please contact:
Rachel Bluestein, Vice President, Strategic Initiatives & Programs, firstname.lastname@example.org