CommCap provides investor/donors with a variety of ways to participate in the fund.
Banks
As our primary institutional investors, banks participate in the fund and can earn CRA credit by providing any of the following:
- Lending Capital – usually in the form of a direct loan to CommCap
- Equity Equivalent Investment – direct investment into fund with expectation of a return
- Donation – general operating support in the form of a grant
Investment in Action
Foundations/Corporations
Foundations with a common mission may participate in the fund through:
- Donations – general operating support
- Grants – in support of a specific program of the fund
- Loans – directly to CommCap
- Program Related Investments(PRI’s) – similar to an equity equivalent investment, foundations can invest directly in the fund with the expectation of a return
Public/Quasi-Public Programs and Institutions
CommCap serves as a vehicle for public dollars to facilitate the implementation of programs that support business and affordable housing development, such as:
- Economic Development Administration – Revolving Loan Fund Program
- EPA Brownfields Revolving Loan Program
- State of CT – Housing Trust Fund Program
- Community Development Block Grant (CDBG)
- CHFA
- Housing Tax Credit Contribution Program
Investment in Action