Revitalizing the Gulf Coast with beautiful, affordable housing

Community development investing |

Nonprofit developers empower residents with creative homes and community centers

Responding to disaster by transforming the Gulf Coast region with innovative affordable housing and community centers, the Gulf Coast Housing Partnership has helped rebuild after Hurricane Katrina. Some of the more interesting projects include an old drive-in theater turned affordable housing development and a historic streetcar switching station turned community center.

Resident of development by Gulf Coast Housing Partnership

A resident of the housing development by GCHP that was built on the former Beverly Drive-In Theater in Mississippi. Photo courtesy of Gulf Coast Housing Partnership.

Through community development investing, Praxis Mutual Funds® helps support GCHP’s efforts to create high-quality, affordable housing that includes essential services and quality of life amenities.

This alliance of the nation’s most accomplished affordable housing developers and lenders has invested almost $300 million in affordable housing and community projects, and is planning to invest millions more in the coming years.

Founded in 2006 with the goal of revitalizing areas affected by Hurricane Katrina, GCHP has built 34 developments in Louisiana, Mississippi and most recently, Alabama. By working together with local organizations, GCHP targets investments wisely and helps communities with what they need most

Praxis commits more than 1 percent of its funds to community development investing in partnership with Calvert Foundation, an impact-investing institution that helps people and communities around the world through community development financing.

This story is originally from the Praxis community development investing map.

About Praxis Mutual Funds and Everence®

Praxis Mutual Funds is a leading faith-based, socially responsible family of mutual funds designed to help people and groups integrate their finances with their values. Praxis is the mutual fund family of Everence Financial, a comprehensive, faith-based financial services organization helping individuals, organizations and congregations. To learn more, visit praxismutualfunds.com and everence.com, or call (800) 348-7468.

Everence helps individuals, organizations and congregations integrate finances with faith through a national team of advisors and representatives. Everence offers banking, insurance and financial services with community benefits and stewardship education. To learn more, visit everence.com or call (800) 348-7468.

About Calvert Foundation

Calvert Foundation enables people to invest for social good. Through its flagship Community Investment Note®, more than 15,000 investors have channeled more than $1 billion in investments to hundreds of nonprofits and social enterprises worldwide. Investor dollars empower women, fund construction of affordable housing, provide loans to small-business owners, increase access to health care, and support fair trade and sustainable agriculture. To learn more, visit calvertfoundation.org.

Disclosure

BHIL Distributors LLC is not affiliated with Calvert Foundation.

Calvert Social Investment Foundation, a 501(c)(3) nonprofit, offers the Community Investment Note®, which is subject to certain risks, is not a mutual fund, is not FDIC or SIPC insured, and should not be confused with any Calvert Investments-sponsored investment product. This is neither an offer to sell nor a solicitation of an offer to buy these securities; the offering is made only by the prospectus, which should be read before investing.