58 Sustainability Report 2021 Inclusive Growth | One Million Black Women Sustainability Report 2021 Inclusive Growth | One Million Black Women 58 Buying / Renting a Home South Meadows · $75 million investment in the NAHT BDI Commercial real estate remains one of the least diverse industries in the US. We made a commitment to invest $75 million in the National Affordable Housing Trust (NAHT) “Black Developers Initiative,” a fund that will finance affordable housing projects sponsored by primarily Black women-led developers. Through the NAHT “Black Developers Initiative,” Goldman Sachs is providing capital to Laurel Street, a Black woman-led real estate firm, to develop South Meadows, a mixed-use project in Rome, Georgia. South Meadows is a 100% affordable residential development with 80 multifamily units, all of which will be affordable to households earning between 30% and 80% of the area’s median income. South Meadows is adjacent to a community farm providing healthy food in a low-income neighborhood and features a stand-alone learning facility. The housing, educational, and health programming are operated in partnership with the South Rome Alliance, a local nonprofit organization. Building a Career Chime Solutions · $35 million loan Black women entrepreneurs cite limited access to capital as the largest barrier to success. We provided a $35 million loan to Chime Solutions, a Black woman- led human resources and staffing company that provides customer support and outsourced contact center services to blue-chip organizations across the financial services, healthcare, and telecommunications sectors. Chime’s mission is to create jobs with family- sustaining wages and economic opportunity for people in underserved communities while helping its clients deliver high-value customer care solutions. Chime’s offices are located in underserved communities, and they employ over 2,000 professionals, of which a majority are Black Women. Chime also partners with daycare operators to provide on-site subsidized child care services to its employees, a critical need in low- income communities that enables working parents to remain in the workforce. INCLUSIVE GROWTH
Goldman Sachs Group Sustainability Report Page 57 Page 59