The MMA Praxis Intermediate Income Fund recently purchased bonds that support environmental and social justice initiatives, continuing the fund’s commitment to positive, faith based investing.

Housing Opportunities
The US Department of Housing and Urban Development (HUD) attempts to support community development and increase access to affordable housing free from discrimination. HUD has various program offices that carry out this mission, such as the Center for Faith Based and Neighborhood Partnerships, which works directly with both faith based and secular non-profit organizations to encourage community development and access to basic standards of living. MMA Praxis has made a $1.5 million HUD bond purchase.

Foreign Aid
MMA Praxis recognizes the need to extend economic support beyond the borders of any individual country. The U.S. Agency for International Development (USAID) actively provides humanitarian assistance to countries throughout the world through health care, education, and microfinance. In July, MMA purchased a $2.2 million USAID bond designated for Egypt. This money will go toward water and wastewater systems for people who do not currently have access to pipelines.

Renewable Energy
The MMA Praxis Intermediate Income Fund has routinely demonstrated a commitment to alternative energy sources. Most recently, the fund purchased a $167,000 bond investment in Nextera Energy Resources. The bond is designated specifically for funding multiple wind energy projects being operated by FPL Energy American Wind, a subsidiary of Nextera.