UACD invests in high-impact, catalytic projects that will not only deliver career-track jobs to low-income communities, but also strengthen overall community outcomes.
Founded in 2008, ACT is dedicated to building social impact in urban and low-income communities across the U.S. ACT carries out this work as a national community development partner that seeks to bring social change through high-impact, targeted investments and innovation, focusing on 4 key areas: workforce development, public health, food systems, and the innovation economy.
To encourage community-engagement and responsiveness, UACD incorporates Community Benefit Agreements (CBAs) into its lending agreements with project developers. ACT assists in negotiating these agreements, which may cover educational and workforce training, permanent and construction employment, and tenancy and procurement objectives, all targeted to the community residents most in need of assistance.
To further leverage UACD’s NMTC allocation, UACD specifies that 3% of its allocation from for-profit project sponsors be contributed to ACT. To date, this commitment has generated $4.43 MM for the sole purpose of maximizing community benefits to Low Income Community residents over the long term. ACT advances community benefits in and around UACD investments and leverages additional resources to sustain and strengthen community outcomes.