ABOUT PCI

In 1999, as the result of state legislation, thirteen Massachusetts-based property and casualty insurance companies established the Property and Casualty Initiative, LLC (PCI) as a state wide community loan fund. PCI's express purpose is to promote economic development by providing loans that improve the health and welfare of low income residents and communities across the Commonwealth. The participating insurance companies have contributed $85 million to capitalize PCI and play an active role in setting the direction for PCI's lending activities.

Our Mission

Since inception, PCI's mission has been to increase or maintain the availability of affordable rental housing, promote development in economic target areas, and create employment opportunities and access to healthcare and social services for low and moderate-income Massachusetts residents. Whether through direct loans to small businesses or development projects or investments in regional loan or equity funds, our goal is to focus our efforts on the areas of greatest need and employ our resources to create innovative financial solutions.

By complimenting the financing available from traditional sources PCI has successfully increased the amount of capital available to support the underserved markets across the Commonwealth.