Community Development Investing

We believe the ultimate measure of our success as responsible investors is the creation of economic activity that supports healthy communities. Community development investing plays a significant role in that process, and a growing number of investors are allocating a portion of their financial resources in this manner. These investors are confronting poverty and injustice by providing capital to build affordable housing, create jobs and upgrade human services. High impact investments in low income neighborhoods offer individuals and institutions the opportunity to reap significant social dividends from their portfolios.

Walden offers clients an opportunity to invest in community development loan funds, banks and credit unions that support economic development and affordable housing. These include:

Calvert Community Investment Note (CI Note) 
The CI Note program currently channels over $200 million to 250 nonprofits and social enterprises that are providing economic opportunities where they are needed most. Investments in the CI Note support affordable housing, small businesses, and community facilities throughout the U.S.; and microcredit loans and fair trade cooperatives in more than 100 countries around the world. The CI Note can be held directly in your Walden portfolio like other securities. The Calvert Foundation is responsible for conducting due diligence on the Note. The prospectus can be obtained at
Boston Community Loan Fund (BCLF)
The BCLF has made loans totaling over $390 million to affordable housing developers and nonprofit organizations providing services in low-income communities. The loan fund can be held directly in your Walden portfolio like other securities. Read more about the BCLF at

Please contact us to learn more about how to direct a portion of your Walden portfolio to community development investments.