Investment Connection matches financial institutions and other capital providers ("funders") with nonprofit and community development organizations ("applicants") whose needs may qualify for credit under the Community Reinvestment Act (CRA). The program's aims are to boost investments in low- and moderate-income communities and encourage partnerships between funders and local stakeholders.
These connections help funders better understand the needs of low- and moderate-income communities and build relationships with members of the nonprofit community. In addition, Investment Connection educates applicants on the CRA and community development.
Learn about how you can participate in Investment Connection below. For more information, read our Frequently Asked Questions in English or Spanish. For questions, email NYInvestmentConnection@ny.frb.org.
On September 12, the New York Fed and LISC are hosting a workshop on public, community, and private partnerships and tax credits in San Juan, Puerto Rico. In addition, attendees will learn about the Investment Connection program. See the agenda in English or Spanish.
From October 1 to October 15, organizations servicing Puerto Rico can submit proposals that meet the following guidelines:
- The organization or proposed project must currently or will operate in Puerto Rico, the geographic area for this Investment Connection program.
- The organization must have demonstrated expertise in the project area proposed and a record of sustainable operations.
- Proposals must generally align with the definition of a community development activity in accordance with the CRA.
- Greater consideration will be given to proposals that address disaster recovery and resiliency.
From October 15 to November 30, submitted proposals will be reviewed by New York Fed CRA examiners and community development finance staff to determine if the proposed loan, investment, or service generally aligns with the definition of a community development activity in accordance withthe CRA. This evaluation does not constitute a determination that a loan, investment, or service made by the funder to the organization will receive CRA credit.
Applicants will be informed of their proposal status in December 2019. Approximately 15 to 20 proposals will be selected for the Investment Connection Pitch Program.
Organizations with accepted proposals will have the opportunity to present their proposal pitch to funders at the Investment Connection Pitch Event on January 28, 2020. Approximately 15 to 20 proposals will be selected.