Program Related Investments
The Foundation provides a limited number of program related investments (PRIs), or low-interest loans, through a revolving PRI Fund. Through PRIs, our goal is to advance equity by providing capital to maintain or expand facilities and/or increase services to historically disadvantaged and under-resourced communities in Southern California.
The Fund is restricted to loans at interest rates lower than prevailing market rates for loans of similar duration, credit quality, and risk. We will provide affordable loans for nonprofit organizations in the form of bridge financing or working capital and leverage the Foundation’s PRI dollars with other funders or capital investments.
PRIs will be considered on a select-basis for applicants that:
Increase the production and preservation of supportive and affordable housing for homeless and low-income individuals; or
Develop programs or capital projects that will bring new or expanded services in high-need or underserved communities; and
Secure a viable, dedicated source for the repayment of the loan.
The Foundation does not accept unsolicited requests for our PRI Fund. If organizations would like to discuss a project, they should contact Rosa Benitez, Senior Program Officer, at email@example.com or (213) 688-6320.