targeted-investments

Low-interest loans help families to achieve first-time home ownership. For Allstate, supporting homeownership helps create a market for our products and services in the long-term.

Each year, Allstate:

Invests in Neighborhood Housing Services of America (NHSA). NHSA is a leading national provider of affordable housing that helps families purchase their first homes and complete necessary home renovations. We significantly increased our commitments to NHSA over the last two years. The total of loans outstanding at the end of 2006 through NHSA was $46.6 million. Allstate’s overall financial commitment to NHSA – money that will be made available if called upon and if the request meets pre-determined criteria – is $93.6 million.
Provides low-interest loans to help redevelopment of communities. Allstate provides long-term below-market rate loans to established creditworthy institutions across America such as NHSA, Impact Community Capital or Local Initiatives Support Corporation (LISC). These loans support new affordable housing developments; office, commercial and retail properties; nursing homes, childcare and job training facilities; and new charter schools.
Revitalizes neighborhoods in markets where Allstate has an especially strong history. Allstate makes loans to help local chapters of national organizations such as LISC purchase and develop vacant lots; build new facilities that improve the quality of community life; and provide young adults with services that support job readiness, placement and training.

Allstate Bank

In 2006, Allstate Bank, a division of Allstate Financial, celebrated its fifth anniversary.

A number of initiatives at Allstate Bank align with Allstate’s commitment to investing its financial resources in community development. Allstate Bank provides sub-market loans to support organizations that

Finance real estate for nonprofit agencies
Work to rebuild low and moderate-income neighborhoods
Fund the childcare facility industry
Provide permanent housing for homeless adults, families and people at risk

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Investment Policy

Allstate impacts society through responsible investment of our assets.

Municipal Bonds

Using financial resources to benefit communities

Economically Targeted Investments

Low-interest loans help families to achieve first-time ownership.

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