Impact Investing
Woodforest’s Community Development team has created a robust portfolio of impact investments yielding positive social and environmental impact in communities throughout the Bank’s 17-state footprint.
Scale Link
Scale Link, created by the Aspen Institute and the Microfinance Impact Collaborative, will strengthen the capacity of community-based financial institutions to lend to small businesses in low-income communities and those owned by people of color. The fund will also create a secondary market for loans originated by community-based microlenders. We are the first bank capital investor in the fund.
Community-based microlenders target their lending to businesses that are not served by banks. The six microlenders that comprise the Microfinance Impact Collaborative – Allies for Community Business, Ascendus, DreamSpring, Justine PETERSEN, LiftFund and Accion Opportunity Fund – make 75% of their loans to business owners of color, and 61% to businesses owned by low- and moderate-income individuals. Recognizing unprecedented circumstances, these lenders have taken action to help through rescheduling and deferring loans and extending additional credit, among other measures. Scale Link will empower these crucial institutions by purchasing existing loans, providing capital for new lending.
The fund's goal is to purchase $50 million in loans from the six Microfinance Impact Collaborative members, and then to expand to purchase loans from other community-based lenders.
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Loans purchased with Scale Link went to*: |
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| *Information accurate as of 2/1/2021 |
Some Opportunity Zone Funds We Participate In
The Woodforest CEI-Boulos Opportunity Fund (WCBOF) is an award-winning, innovative $22 million Opportunity Zone (OZ) Fund. The Fund represents a collaboration between Woodforest and The Fund's manager, CEI-Boulos Capital Management, LLC, a joint venture of Coastal Enterprises, Inc. (CEI), one of the nation's most successful Community Development Financial Institutions (CDFIs), with over 40 years of experience working in low-income communities; and The Boulos Company, an integrated commercial real estate firm with broad experience in capital markets and real estate development.
WCBOF provides private real estate investments targeting high-impact projects in low- and moderate-income (LMI) communities within Opportunity Zones across Woodforest's 17-state CRA footprint.
Blueprint Local Investments (Blueprint) is a national platform that seeks to help investors find opportunities in communities that may generate financial results and meaningful impact. Blueprint seeks out high-quality opportunities from developers and entrepreneurs who want to grow and reinvigorate their neighborhoods, connecting them with investors looking for opportunities with measurable impact. Blueprint believes in locally sourced and supported opportunities and aims to focus on undervalued assets and companies that have the potential to create opportunity and economic dynamism. Woodforest is the anchor investor in both the Blueprint Texas Opportunity Zone Fund, LLP (Blueprint Texas) and Blueprint Southeast Funds (Southeast Fund in partnership with CDFI, Local Initiatives Support Corporation (LISC)). The portfolio projects in Blueprint Texas will lead to the creation of nearly 600 jobs across Houston, Austin, and San Antonio. Blueprint Southeast is estimated to have a similar impact in job creation across the Southeastern U.S.
Woodforest National Bank made a $25 million seed investment in the AIC CEI-Boulos Opportunity Fund powered by an innovative collaboration between Allivate Impact Capital® and CEI-Boulos Capital Management. This team also launched the Woodforest CEI-Boulos Opportunity Fund which inspired this new targeted $100 million fund which will invest in high impact commercial real estate projects in qualified Opportunity Zones (OZs). Targeted projects will include those that create good jobs, affordable and workforce housing, environmentally sustainable focused real estate developments, Main Street revitalization or historic preservation developments, or developments that serve nonprofit organizations. Allivate Impact Capital® is an impact investing firm, launched in 2022 as a subsidiary of Woodforest Financial Group, that leverages the strength of Woodforest’s 40+ years in financial services, and the skills of its award-winning Community Development Team, to deploy innovative capital solutions that elevate communities, alleviate poverty, and activate entrepreneurial ecosystems.
In 2023, Woodforest National Bank made a seed investment of $10 million in the Allivate Altura Diverse Business Fund which addresses the funding gap faced by women and minority-owned businesses, particularly in underserved communities. This $50 million multi-investor fund specifically targets Opportunity Zone businesses led by diverse entrepreneurs. Beyond providing capital, the fund connects these companies with large corporations, suppliers, and other capital providers to support their growth and meet corporate diversity goals. This joint venture leverages the expertise of Allivate Impact Capital® and Altura Capital, a firm with over 15 years of experience empowering diverse businesses.
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2019Forbes OZ 20: Top Opportunity Zone Catalysts List |
Impact Investing Contacts
Reach out to one of the below contacts for more information about our impact investing initiatives.
Additional Ways We Care
Small Business Growth
Activating entrepreneurial ecosystems and helping small businesses grow across
the nation.
Disaster Recovery Response
When disasters strike, as servant leaders, we are here to respond quickly to our customers and communities who need it most.
Community Partners
Woodforest is proud to work with many community partners to support our CRA and community development efforts.
