The Montana Community Foundation Makes $1 Million Commitment to Montana
September 29, 2022
The Montana Community Foundation, Inc. (MCF) has made a $1 million commitment to Montana by investing a portion of its endowment in Montana housing.
MCF recognizes the importance of Montana housing, and the strong return on Montana real estate. The $1 million investment is part of the endowment pooled investment and will be made through the RBC Access Capital Community Investing Strategy. This particular investment is being made directly in Montana housing.
As a social impact investment, the intention is to generate measurable community benefit alongside financial returns.
The RBC Access Capital Community Investing Strategy offers exposure to low-income single-family mortgage-backed securities (MBS), multifamily MBS, asset-backed securities, Agency bonds, and taxable municipal bonds that support low- and moderate-income homebuyers, affordable housing, education, healthcare, and job creation in underserved communities.
“I am excited to see MCF take this step,” said Mary Rutherford, president and chief executive officer of MCF. “Impact is one of our key values at MCF and this is a great opportunity to put that value into practice.”
“Montana is not immune to the housing challenges being seen across the nation. Making this direct investment in Montana is a tangible way we can help address an important issue in our state. We hope it will also inspire others to join us.”