The Living Cities Catalyst Fund is a powerful vehicle for pooling and investing flexible capital to revitalize America’s cities and transform the lives of low income people. Launched in July of 2008, the Catalyst Fund complements Living Cities’ grant-making and policy work as a way to advance Living Cities’ agenda.
Since 2008, the Catalyst Fund has made $15 million in below-market rate loans to finance innovative efforts in the areas of neighborhood stabilization, energy efficiency retrofits, public education and access to fresh foods and health care. Current investors include The Ford Foundation, Annie E. Casey Foundation, MetLife Foundation, Robert Wood Johnson Foundation, Kresge Foundation, Deutsche Bank Americas Foundation, The MacArthur Foundation, Catholic Healthcare West and the AARP Foundation.
The Catalyst Fund provides below-market rate loans and guarantees to high-capacity organizations that connect underserved communities to mainstream markets by integrating previously isolated systems; leveraging existing institutions; unlocking substantial resources from public, private and social sector sources; and delivering high-impact programs at scale. The Catalyst Fund's investments focus on these areas:
- Improving education
- Providing opportunities to build income and wealth
- Promoting health and wellness
- Enhancing neighborhoods and communities