The Change Company Raises $88 Million Of Preferred Equity

The Change Company CDFI LLC (“The Change Company”), America’s Community Development Financial Institution (CDFI), announced today that the Company and its affiliates have raised $88 million of cumulative, perpetual preferred equity membership interests (the “Preferred Equity”) through two private placement offerings (the “Offerings”). The Change Company and its affiliates have successfully raised over $400 million over the past eighteen months to expand access to capital to low-income borrowers and communities.