Investing capital to create positive, sustainable change in communities where we live and work.
Using an Impact First investment strategy with a focus on innovation, we deploy low- cost patient capital to create long-term positive change through supporting and empowering communities as they reimagine, redevelop and reenergize themselves.
Hundreds of people experiencing chronic homelessness housed and supported with services through innovative financing program saw increased well-being, decreased use of costly emergency services.
Through a $5 million loan, Northern Trust is working with the Self-Help Federal Credit Union to provide low-cost funding to aspiring medical professionals who are attending or have been accepted to medical school and are members of the Deferred Action for Childhood Arrivals (DACA) program.
Working with Colorado Coalition for the Homeless (CCH), Northern Trust has invested a total of $13.2 million in equity to finance medical respite and housing for people experiencing homelessness.
Enacted by Congress in 1977, CRA requires depository institutions to serve the credit needs of the communities in which they offer banking services, especially low or moderate income people and neighborhoods. Depository institutions are evaluated on how well they are able to demonstrate that they know the credit needs of their communities and are actively involved in meeting those needs through loans, grants, investment and services. In practice, regulators recognize that different institutions will approach their CRA obligations differently. This recognition leads to both different examination methods (large or small retail, special purpose, wholesale, and strategic plans) and varying emphasis placed on lending, investment and services for each examination method. For the last 27 years, the Northern Trust Company has earned an Outstanding rating for our CRA activities.