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 # PNC Shares Social Bond Impact Report

 


 

 Oct 20, 2022 12:00 PM ET

  ![child with father](/sites/default/files/styles/carousel_2x/public/images/pnc_insights_commiments_father_holding_child_102022.png) 

[PNC | Insights](https://www.pnc.com/insights/our-commitments/communities/pnc-shares-social-bond-impact-report.html?lnksrc=insights-editorspick)

Affordable housing for seniors, critical support for small businesses in under-resourced communities and access to essential services for low and moderate-income (LMI) communities are among the projects PNC has financed through its inaugural $700 million social bond issued in August 2021.

Social bonds are a form of debt that allow investors to help raise funds for projects with positive social outcomes. In this case, the proceeds were used to finance or re-finance eligible social projects that promote positive social outcomes and that benefit LMI individuals and communities, majority–minority census tracts, and/or vulnerable or underserved populations.

Eligible projects included:

- Low-Income housing tax credits and lending to individuals and families who make less than 80% of the median income in an area or 120% less in high-cost areas.
- Investments and loans that support access to and enhancement of education, healthcare and other essential needs.
- Investments that support job creation and retention in LMI communities and majority-minority census tracts or that reduce income inequality.

The social bond builds onto existing initiatives, such as [PNC’s four-year $88 billion Community Benefits Plan (CBP)](https://www.pnc.com/content/dam/pnc-com/pdf/aboutpnc/CorporateResponsibilityReports/PNC_Community_Benefits_Plan_Update_2022.pdf). Announced in 2021, the CBP began Jan. 1, 2022 and aims to boost homeownership, advance small businesses and revitalize communities for LMI and minority populations.

[Read the full Social Bond Impact Report.](https://www.pnc.com/content/dam/pnc-com/pdf/aboutpnc/CorporateResponsibilityReports/PNC_Social_Bond_Impact_2022.pdf)



 

 

 

 

 

 

 

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