Boston Community Capital
Nonprofit Organization Management - , Massachusetts, United States
Boston Community Capital Employees
Boston Community Capital Details
Boston Community Capital is a nonprofit community development financial institution. Since 1985, we have invested over $1 billion in projects that provide affordable housing, good jobs, and new opportunities in low-income communities, connecting these neighborhoods to the mainstream economy. We were founded by a group of individuals from Old South Church with $3,500 in start-up funds and a vision of an organization that would stand at the intersection of downtown expertise and community values, bridging gaps between people and places to build a better world.Over the years we have evolved in both capacity and knowledge. But our vision remains unchanged.We have launched new business units, targeting specific problems—and in the process have expanded both our expertise and our ability to leverage that expertise. We have responded to shifts in the financial environment, addressing critical needs as they emerge, and seeking opportunities to increase our impact.Today, the communities we serve face economic challenges that have threatened to undo decades of community development and revitalization work: the foreclosure crisis, unstable credit markets, high unemployment and a political climate that continues to highlight issues of economic inequality and the proper role of government in sustaining the social compact.At BCC, we have risen to meet these challenges with action and ideas that target pressing community needs while forging a path for the future of community development finance. We have increased lending, grown our assets under management, and increased our net assets – ensuring we can assume the risks associated with new initiatives while maintaining the financial strength of our core programs.We maintain our commitment to our borrowers and communities, harnessing our flexibility as a CDFI in order to keep capital flowing to under-served neighborhoods and populations.
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