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Leviticus Fund: An Alternative Fund for Community Development
Leviticus Fund: An Alternative Fund for Community Development

“Your land must not be sold on a permanent basis
because you do not own it;
it belongs to God,
and you are like foreigners,
who are allowed to make use of it.” (Lev. 25:23)

October 13, 2017 — At its core, community development works to align capital with projects that improve the physical and economic health of low-income residents in the communities where they live and work. 

Leviticus’ mission is rooted in this same vision of economic justice, and is inspired by the biblical passage of Leviticus (above), from which they derive their name. Thirty-four years ago, an initial investment of $360,000 from their founders--religious communities active in direct-service ministries in New York, New Jersey and Connecticut--has grown to over $23.9 million in invested capital, of which 43 percent is money from organizations and individuals who are guided by their faith-based values. 

Mission-focused lending is key in supporting innovative solutions to the crisis-level shortage of affordable housing and supportive housing that many communities face. 

With over $75.7 million in cumulative lending, Leviticus’ highly flexible, fixed-rate, low-fee financing helps local nonprofits increase both scale and impact. This financing also supports their ability to leverage over $600 million in public and private capital from other sources. 

Guided by program values and priorities, Leviticus focuses on using capital to serve the most economically vulnerable and to enhance education, health care, and healthy food access that promotes sustainable communities for the future.

Leviticus’ borrowers and investors are proud that they have helped generate:

  • 3,483 units of affordable housing, including transitional and emergency shelters
  • 43 early childcare centers and charter public schools serving 4,610 students
  • 40 community facilities offering social services
  • 11 community-based health care facilities

For more information, visit www.leviticusfund.org.

 

 



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