The Platform for Social Impact (PSI) spearheaded a monumental effort to secure $43 million in financing for the OASIS Hub. Through a blended finance model, PSI successfully brought together capital from a diverse range of sources, including:
- Local Initiatives Support Corporation (LISC)
- Nonprofit Finance Fund
- Raza Development Fund
- Low Income Investment Fund
- Capital One
- Civic Builders
- Department of Housing of Puerto Rico
- Department of Education
- Philanthropic Foundations such as Colibrí, I Am the Vine, Flamboyán Foundation, Peter Alfond Foundation, Michael Tennenbaum and Banco Popular Foundation.
PSI’s strategic approach involved presenting the project to various entities, leveraging the New Market Tax Credit program, and showcasing the significant social impact of the OASIS Hub. This collaborative effort underscores the power of strategic partnerships in driving sustainable social impact.