As philanthropic leaders explore opportunities to align grants with their investments ( Program Related Investments), there is a need to be better equipped with community development finance skills to enhance our effectiveness. An understanding of community development finance and its relationship to grant making will allow foundations to strategically deploy capital in all its forms. Living Cities has incorporated this integrated approach into both our external programs and internal operations. Most prominently, the Integrative Initiative operates on the premise that integrating grants and investment leads to a powerful alignment of resources and better outcomes for low-income communities.

In support of more tightly integrated grant and investment strategies throughout the field, we are excited to announce an innovative training opportunity for leaders interested in making mission investments in community development projects. The Citi Foundation, in partnership with [Living Cities](/), Mission Investors Exchange and the National Development Council, is hosting a two-part series of rigorous three-day courses designed to equip foundation officers with the financial tools needed to make high-impact mission investments in low-income communities.

Using case studies based on foundation funded projects, this training will explore real estate finance and business credit analysis, conventional and public sector financing tools, deal structuring, and the best methods for filling financing gaps with foundation investments. The courses will be held in New York City, October 16-18 and December 11-13, 2012. Participants should plan to attend both courses. We invite foundation program officers working in community development to participate in this this inaugural training event. We also encourage officers at bank foundations or community development officers at financial institutions to apply.

With the Citi Foundation’s generous support, the training is tuition-free (individuals are responsible for travel and lodging expenses). To read more about the training and register before the September 14th deadline, click here. If you have any questions, please contact Kevin Urquhart at the National Development Council at