Partners for the Common Good

PCG aims to advance economic equal outcomes by providing financing for affordable housing, revitalization of underserved neighborhoods, healthy communities, and efforts to reduce race-based wealth gaps. ²

PCG grew out of the Christian Brothers Investment Services (CBIS) in 1989 as an extension of the disinvestment from South Africa campaign against apartheid. ¹

Activities

Partners for the Common Good operates the Community Development Financial Institution (CDFI) industry’s first wholesale loan participation network that cooperates with 50 CDFIs across 37 states and Washington, D.C., and originates $18 to $20 million in transactions annually. ³

Partners for the Common Good provided one-on-one support to build capacity and sustainability to LEAP Housing with a $3.66 million loan for Golden Glow Tower, an affordable housing complex for low-income seniors in Nampa, Idaho. ⁴

PCG partnered with Community Vision to provide a $3.3 million loan to Allied Housing to purchase a 24-unit building in Oakland, California for renovation into financially supported housing. ⁵

In a post on X (formerly Twitter), PCGLF announced an award from the Environmental Protection Agency (EPA) Clean Communities Investment Accelerator to JusticeClim8 and stated its support for building a sustainable future together. ⁶

In July 2025, the organization expressed its opposition to the Trump administration’s refusal to deploy funding to the CFDI program along with a link to an article from American Banker. ⁷

In March  2025, PCG announced an additional injection of $250,000 to an existing $250,000 loan to Shared Interest in support of its work in South Africa. ⁸

Related Organizations

Partners for the Common Good is part of the Justice Climate Fund (JCF) coalition that was one of the recipients of an Environmental Protection Agency award of $20 million to eight member organizations. ⁹

The Clean Communities Investment Accelerator (CCIA) formed under the Inflation Reduction Act (IRA) and operated by the EPA awarded $940 million to Justice Climate Fund (JCF) to finance “clean energy projects in low-income and disadvantaged communities.” JCF is a coalition that includes Partners for the Common Good, African American Alliance of CDFI CEOs, National Association for Latino Community Asset Builders, National Bankers Community Alliance, and Oweesta Corporation. ^{3  10}

PCG manages the Community Development Bankers Association and CapNexus. CapNexus is a networking and information sharing platform offered free to connect 800 plus to capital, borrowers, and experts that has provided $1 billion in community development funding. CDBA is a trade association of CDFIs that advocates for the communities it serves. ^{2  11}

PCG is part of the Mission Investors Exchange which includes left-of-center institutions including the California Endowment, F.B. Heron Foundation, Northwest Area Foundation (NWAF), the David and Lucile Packard Foundation, the John D. and Catherine T. MacArthur Foundation, Rockefeller Brothers Fund, Bill & Melinda Gates Foundation (now the Gates Foundation), Rockefeller Foundation, Soros Economic Development Fund (SEDF), Robert Wood Johnson Foundation (RWJF), Ford Foundation, and the Doris Duke Charitable Foundation, and others that comprise the nearly 200 members. ¹²

People

As of 2025, Kevin McQueen was serving as the chair of Partners for the Common Good’s board He is also director of lending at the Leviticus Fund that emphasizes affordable housing and community facility lending. ¹³

As of 2025, Jeannine Jacokes was the CEO of PCG and is credited with building the organization from startup to an $80 million loan fund with $300 million under management. Jacokes was formerly a senior management team member at the United States Department of the Treasury’s Community Development Financial Institutions Fund created by Congress in 1994. ¹⁴

Financials

Partners for the Common Good reported $8,344,341 in 2023 revenue with government grants accounting for 53.4 percent of it ($4,458,258). Total grants rose from $1,006,776 in 2022 to $4,587,660 in 2023. Program service revenue in 2023 was $3,652,490 or 43.8 percent of total revenue. ^{15  16}