Making green housing affordable

Everyday Stewardship |

Praxis community development investments support a unique housing development

Through community development investing, Praxis Mutual Funds®, a mutual fund family offered by Everence, supports communities around the world that are working to make themselves stronger. 

Praxis invests in community-led projects, such as Mutual Housing at Spring Lake, an affordable housing development in California.

This development was built specifically for agriculture workers, is less than a half-mile from the local high school and a public park, and sits across the street from Woodland Community College.

The apartments are the first nation-ally certified Zero Net Energy rental housing, which means they produce as much energy as they use through a combination of energy-efficient design and renewable energy generation.

This leading-edge design directly addresses the concerns agricultural workers expressed in a survey by Mutual Housing California, given before the development was designed. Asked about their housing-related concerns, high utility bills ranked second only to rent.

Praxis has committed approximately 1 percent of each of its funds to benefit neighborhoods and individuals through investments with Calvert Foundation, a national impact-investing leader.

Disclosure

You should consider the fund’s investment objectives, risks, charges and expenses carefully before you invest. The fund’s prospectus and summary prospectus contain this and other information. Call (800) 977-2947 or visit praxismutualfunds.com for a prospectus, which you should read carefully before you invest. Praxis Mutual Funds are advised by Everence Capital Management and distributed through BHIL Distributors LLC, member FINRA/SIPC. Investment products offered are not FDIC insured, may lose value, and have no bank guarantee.

Calvert Social Investment Foundation, a 501(c)(3) nonprofit, offers the Community Investment Note®, which is subject to certain risks, is not a mutual fund, is not FDIC or SIPC insured, and should not be confused with any Calvert Investments-sponsored investment product. This is neither an offer to sell nor a solicitation of an offer to buy these securities; the offering is made only by the prospectus, which should be read before investing.