While some organizations mark milestone anniversaries with large celebrations, at Broadstreet we're marking 20 years by reflecting on our history and leveraging what we have learned to help build stronger, more resilient financial systems that expand opportunities for all. We are reinvesting our insights and experience alongside our capital to multiply our impact.

Broadstreet's origins date back to 2004, when we began managing the federal New Markets Tax Credit (NMTC) program for our parent, the Local Initiatives Support Corporation (LISC). Had we done only that work in the ensuing years, today we would be celebrating 16 federal NMTC awards over 20 award rounds and $1.3 billion in support for retail, manufacturing, health care, childcare, and education facilities in under-resourced communities. It’s the largest track record of NMTC work in the country.

But early on, we realized that our NMTC experience could be a springboard to more significant impact. So, while we continued managing LISC NMTC investments, we also explored various ways to expand lending to underserved small businesses in low-income communities. We blended different financing tools to test new approaches to social determinants of health. And, as we tested these approaches within our own portfolio, we built the systems and expertise that eventually led us to offer these services to others. Our fund administration and impact advisory services grew from our firsthand experience as fund managers, allowing us to support others who share our mission.

All told, we have built a $3.5 billion portfolio of work over the past 20 years, supporting more than 50 multi-asset impact funds and more than 250 stand-alone NMTC deals. Each of those efforts has taught us valuable lessons about what it takes to drive meaningful change.

Maybe most importantly, we learned that success is impossible unless we directly address fundamental issues of equity and fuel equal access to opportunity —even in the face of cynical political challenges to this work. Whether we are talking about race, class, gender or geography, there are reams of data demonstrating that capital does not flow fairly or effectively across the country. That financing failure not only exacts a high social cost on millions of people, it also impacts our national health, our political stability and the well-being of our entire economy.

That’s why Broadstreet focuses on funds, partners and projects that tackle persistent disparities—gaps that cannot be closed without capital designed for this purpose. It allows us to foster economic mobility and wealth-building in disinvested communities, which supports broader economic growth across the country.

We also know that success requires close collaboration with local leaders, who are best positioned to understand what’s needed and what works. And it hinges on our commitment to additionality, so that investments deliver benefits that would not otherwise be possible, while laying the groundwork for other capital to follow.

You can see those ideals reflected in the investment funds that we support, like the PROPEL Fund, capitalized by Edwards Lifesciences. In collaboration with seven locally focused lending partners, Broadstreet deployed PROPEL’s $25 million to support $87 million in development activity, all of it bringing health services, jobs, education and income growth to disinvested communities, especially communities of color.

You can see it in our long-standing partnerships with lending partners like CDC Small Business and Cambridge Capital. We have worked together to support over 60 small businesses, providing flexible, affordable financing to entrepreneurs who do not have ready access to growth capital. You can even see it in our recent work on critical energy efficiency and climate efforts, including advising community organizations on potential Greenhouse Gas Reduction Fund (GGRF) activities, so we can help deliver the benefits of decarbonization and climate resilience to low-income areas.

And you can see it in our clients - the local lenders and investors that we support. We are privileged to manage capital for 27 esteemed organizations, including Fortune 50 companies, leading private foundations, and smaller, emerging impact investors. In addition, we passionately support the great work of 29 impact fund managers and community lenders with our capacity-boosting fund administration and impact advisory services. Our clients' work spans the country and an array of disruptive impact strategies - from affordable housing to healthcare access and education to generational wealth creation. They inspire us to continue our growth trajectory and help even more organizations realize their visions of greater opportunity for low-income community residents.

We are proud of what we've accomplished over the past 20 years, but we recognize the urgent need to do more. That connection between past achievements and future possibilities is what drives us forward. By scaling successful strategies, supporting our partners, and broadening the tent of community investing, we can dismantle the link between discrimination and disinvestment.

Our vision is clear: drive capital at scale to create just, healthy and prosperous communities. By inviting new investors and partners to this work, we have the opportunity to bridge gaps and expand opportunities for millions. Together, we can ensure that more people across the country thrive.