Morgan Stanley Investment Management (MSIM) and Opportunity Finance Network (OFN) have announced the latest recipients of MSIM’s annual grant contribution to OFN’s Financing Fund: GROW South Dakota, Community Health Center Capital Fund (CHCCF), and Twin Cities Habitat for Humanity Lending, Inc.

The grants support community development financial institutions (CDFIs) focused on affordable housing, health care access, and economic development. This year, MSIM’s contribution grew to $450,000, reflecting rising investor interest in its Impact Class and Impact Partner Class money market shares. Since the program’s inception in 2022, MSIM has contributed over $1 million to OFN initiatives.

“Our partnership with MSIM accelerates the work of our member CDFIs, driving meaningful outcomes for underserved communities,” said Harold Pettigrew, President and CEO of OFN.

Fred McMullen, Co-Head of MSIM’s Global Liquidity Solutions Business, added, “The Impact share class product line enables positive change by channeling investor dollars directly into organizations supporting affordable housing and community development.”

Grant Recipients in Focus

• GROW South Dakota: Provides housing, community, and economic development statewide, offering loans and technical assistance to small businesses and home buyers, with a focus on low-income and rural populations. The grant will fund operations, capacity building, and technology to support lending programs.
• Community Health Center Capital Fund (CHCCF): Supports growth of community-based health centers serving low-income and uninsured populations. Funds will facilitate outreach, marketing, and technical assistance to small, rural, and financially challenged federally qualified health centers.
• Twin Cities Habitat for Humanity Lending, Inc.: Builds, rehabilitates, and repairs homes in the Minneapolis-St. Paul metro area, educates families on homeownership, and provides mortgage counseling. The grant supports continued affordable housing initiatives and homeownership programs.

Driving Impact Through CDFIs

Opportunity Finance Network manages over $1 billion in assets and a membership of more than 475 CDFIs nationwide, including loan funds, credit unions, minority depository institutions, and venture capital funds. OFN’s network ensures communities historically underserved by mainstream finance gain access to affordable financial products, particularly in rural, urban, and Native communities.

Through this collaboration, MSIM links investor capital directly to measurable community impact, highlighting how specialized money market share classes can drive social and economic development while aligning with responsible investment objectives.