AXA COMMUNITY INVESTMENT PROGRAM

AXA Community Investment Program (CIP) illustrates one of the ways AXA Financial, Inc. expresses its major commitment to assisting local communities. Through CIP, we invest in leading innovative organizations, both nationally and regionally, that support affordable housing, economic development and community revitalization. The program invests in projects that will help provide financing to community groups with significant social benefits and projects that are unable to access funds through traditional mechanisms. The program continues to promote social good while providing the company with competitive rates of return on its investments.

In most instances, we make investments in funds involving numerous participants. The program consists of a diverse mix of debt, equity and tax-credit equity investments made with leading financial intermediaries. Investments include those made by AXA Equitable Life Insurance Company with: ACCION USA, Enterprise Social Investment Corporation, National Equity Fund, Community Preservation Corporation, New York City Investment Fund, Community Reinvestment Fund, Urban America, Black Enterprise/Greenwich Street Fund, Local Initiatives Support Council, Enterprise Foundation, Related Capital Partners, and Habitat for Humanity.

Recent Highlights

• Closed on a proprietary loan with ACCION USA, a leading non-profit micro-lender that provides credit to small business owners who can't access commercial loans.
• Closed on a loan to the National Community Development Initiative (NCDI). NCDI provides grants and below market loans to non-profit community groups in 23 major cities nationwide that strive to improve inner city neighborhoods. Loans are made through the Enterprise Foundation and the Local Initiatives Support Council (LISC).
• Closed on an equity commitment to Enterprise Housing Partners IX, a multi investor equity fund that provides capital for the construction of affordable housing for low-income people in urban, rural and suburban communities throughout the country.
• Closed on a loan to Habitat for Humanity International, a non-profit corporation, which seeks to eliminate poverty housing. Proceeds from this investment provide capital to affiliate organizations to further their mission of providing affordable, owner-occupied housing.