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PAB Announces Loan Investments to Four Community Organizations

June 15, 2016, Adrian, Michigan – The Portfolio Advisory Board (PAB) of the Adrian Dominican Sisters is sending out low-interest loans to four community service organizations. The loans – sent to organizations from Oklahoma and California to Maryland and South Carolina – were recommended by the PAB and approved by the Congregation’s General Council. The funds are scheduled to be sent out on June 15 to:

  • Staff members of the Citizen Potawatomi Community Development Corporation, located in Shawnee, Oklahoma. 
    Citizens Potawatomi Community Development Corporation (CPCDC). This certified Community Development Financial Institution (CDFI) provides several kinds of loans – from microloans and business loans to asset-building Individual Development Accounts (IDAs) to Citizen Potawatomi Tribal members and other Native Americans throughout the United States. The loan from the Congregation will be pooled with those from other capital investors to make small business and micro-loans to at-risk Native American households in Oklahoma. CPCDC, founded in 2003 and headquartered in Shawnee, Oklahoma, also offers financial education workshops and small business development services. The organization’s mission is to “promote, educate, and inspire entrepreneurial growth and financial well-being of the Citizen Potawatomi National tribal community.”

  • Morro Del Mar, a 21-unit tax credit rental project for seniors, is located in Morro Bay, California.
    San Luis Obispo County Housing Trust Fund (SLOCHTF). Founded in 2003, this non-profit organization makes loan funds available to very low through moderate-income residents of San Obispo County, California, filling a niche between financing offered by banks and government housing programs. The Housing Trust Fund offers more flexible and favorable terms than banks and is generally more responsive and flexible than government housing programs. The Congregation has already made a loan to SLOCHTF; the recently-approved loan will be used as loan capital to finance affordable housing projects for lower-income households. Since 2005, when the organization first offered loans, it has provided more than $17 million to finance 641 units of affordable housing.

  • Families take part in National Night Out in August 2015.
    St. Ambrose Housing Aid Center. St. Ambrose aims to “create, preserve, and maintain equal housing opportunities for low- and moderate-income people primarily in Baltimore City and encourage and support strong and diverse neighborhoods.” The loan from the Adrian Dominican Congregation – with loans from other sources – will support a multi-year, multi-phase project to preserve, stabilize, and expand St. Ambrose’s rental portfolio to provide quality affordable housing to low-income Baltimore households headed by single women with dependent children. The 310 affordable rental units owned and managed by St. Ambrose are a significant source of stability for hundreds of households in Baltimore City and County.


  • Midlands Housing Trust Fund Executive Director Brian Huskey at the groundbreaking of Phase II of Village at River's Edge, a 124-unit, multi-family tax credit development in Columbia, South Carolina.
    Midlands Housing Trust Fund (MHTF). This non-profit organization provides financing, technical assistance, and advocacy for the construction, rehabilitation, and preservation of affordable housing in the Midlands of South Carolina. While the Congregation has already invested in a low-interest loan in MHTF, the additional loan will be used to expand the organization’s service area to include 15 counties, most of which are rural with high rates of poverty. The Congregation’s loan will be used in areas which have no other funding. When formerly rent-burdened households receive access to affordable housing, they have more money to spend on other necessities, such as transportation, health care, food and clothing. Midlands places high priority on lending for the creation of permanent service-enriched housing for individuals and families who are homeless.

Founded more than 40 years ago, the PAB was a response to the Adrian Dominican Sisters’ vision for social change. Firmly rooted in the tradition of Catholic social teachings, the PAB helps the Congregation to advocate for social justice in two ways. Through Community Investments work, the PAB offers low-interest loans to non-profit community organizations that benefit low-income people and underserved communities. The PAB Corporate Responsibility arm monitors the Congregation’s investments and engages in shareholder activities on matters of justice involving corporations in which the Congregation invests.  

Feature photo: Members of the St. Ambrose community get ready to volunteer for YouthWorks.



PAB Offers Resource to Help Investors Make Socially Responsible Decisions

April 4, 2016, Adrian, Michigan – Do you have a small amount of money that you would like to invest in keeping with your social values and sense of justice? Do you simply want to understand the concept of “socially responsible investing”? 

If you have answered “yes” to any of these questions, the Adrian Dominican Sisters’ Portfolio Advisory Board (PAB) might be offering just what you’re seeking. In a recently posted YouTube presentation directed to small individual investors (“indies”), the PAB offers tips on such steps as setting up investment filters, taking into account such factors as which types of investments you would like to avoid and which you would like to support, as well as information on how you, the small investor, can influence the behavior of corporations. The presentation also includes links to resources that can provide deeper information in such areas as the use of mutual funds, issues that are frequently involved in the considerations of socially responsible investors, and how institutions are handling their investments.

The Adrian Dominican Sisters have been at the forefront of socially responsible investing, having established the PAB more than 40 years ago. The PAB guides the Congregation in two areas: through work as shareholders to persuade corporations to operate in a socially responsible manner, and through low-interest loans to community organizations that promote the common good of people in need throughout the world.   

Socially responsible investing has been an integral component of justice and peace work. The Adrian Dominican Sisters and about 300 organizations – members of the Interfaith Coalition on Corporate Responsibility (ICCR) – strive to bring about a more sustainable and just world through their work with multinational corporations. 

Adrian Dominican Associate Dee Joyner chairs and Lura Mack directs the PAB, comprised of Sisters, Associates, and lay partners who serve on two committees: Corporate Responsibility and Community Investments. More information about the PAB can be found in the 40th anniversary publication, Adrian Dominican Sisters Portfolio Advisory Board: Celebrating 40 Years of Socially Responsible Investing.


 

 

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