Sustained Excellence Alliance Corportaion

SEA Corp., Inc

Sustained Excellence Alliance Corporation

An investment offering from Calvert Foundation

The Sustained Excellence Alliance Corporation, Inc. (SEA Corp) groups together ten exemplary community development corporations (CDCs) that are winners of the Sustained Excellence Award, issued by the Fannie Mae Foundation.

SEA Corp is seeking pre-development capital to fund affordable housing and other vital community development initiatives in cities and rural areas across the country.

Read more details about this offering

Sustained Excellence Award Winners

Abyssinian Development Corporation (NY)

Asian Americans for Equality, Inc. (NY)

Chinatown Community Development Center (CA)

Kansas City Neighborhood Alliance (MO)

Manna, Inc. (DC)
New Economics for Women (CA)

People’s Self-Help Housing Corporation (CA)

Project for Pride in Living, Inc. (MN)

The Resurrection Project (IL)

Southern Mutual Help Association (LA)

Over the last three years, the Award Winners have generated more than 1500 units of affordable housing, bringing much needed housing and community facilities to families in the most demanding neighborhoods across the country.

SEA Corp has teamed up with the Calvert Social Investment Foundation (Calvert Foundation), a non-profit exclusively dedicated to community investment, to structure this innovative, flexible program-related investment offering being circulated among foundations, high net worth individuals and independent philanthropists.

Summary Terms of Offering

Amounts: $25,000 minimum per investor. A total of $5 million is being sought.

Term: Three, Five or Seven years

Return: 0%, 1%, 2%, or 3%

Targeting: Investors may target capital to any one or multiples of the SEA Corp member CDCs

Structure: General recourse, principal due upon maturity

Security: $300,000 first loss pool

Through this investment offering, SEA Corp is seeking to accomplish important philanthropic objectives. Capital invested will be repaid with a modest return, instilling commercial discipline and generating impact many times over. By teaming up with dedicated community investment specialists, SEA Corp is linking potential supporters to the services and expertise they may need to finance predevelopment capital and engage in sustainable philanthropy.

SEA Corp also welcomes grant support to increase the first loss pool, helping to leverage greater investment dollars and to finance the peer learning exchange among these ten exemplary community development corporations.