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General Fund FAQs
What is the Black Economic Development Fund (BEDF)?
The Black Economic Development Fund (BEDF) is a private investment fund managed by LISC Fund Management, LLC (LFM) an affiliate of Local Initiatives Support Corporation (LISC) Strategic Investments (SI). The BEDF’s primary objective is to target Black-led or Black-owned financial institutions, developers, businesses, and anchor institutions with improved access to capital in order to incentivize economic activity and wealth building opportunities in Black communities.
What does Black-led mean?
Does the BEDF only invest in Black-led organizations/businesses?
Who does the BEDF invest in?
The BEDF’s primary objective is to invest in Black-led:
Real estate developers
Is the BEDF a grant fund or provide grant funding?
No. The BEDF is an investment fund aimed to increase access to capital for Black-led organizations and institutions.
What are the eligibility requirements for the BEDF funding?
Eligibility requirements for each type of borrower (business/nonprofit, real estate, bank, anchor institution) can be found via the respective links on the BEDF website.
What products does the BEDF offer? And where can I find more information?
The BEDF offers a variety of equity & debt products for each type of borrower. More information can be found from following respective links on the BEDF homepage.
I have an existing relationship with LISC, am I ineligible?
What type of investment capital does the BEDF provide?
The BEDF provides 0-5 year term debt and deposits to depository institutions.
When can I apply for investment from the BEDF?
What information do you need to applying for investment?
Please visit the respective portal on the BEDF website.
I know someone looking for investment, where should I direct them?
What happens after I camplete the online pre-application?
After you submit the online pre-application, we will reach out to qualified borrower applicants in about 7-14 days. Please make sure to read all qualifications and complete the applicaiton as thoroughly as possible.