Lending program for congregations told to promote loans to minority churches
A review of the Presbyterian Church (USA) Investment and Loan Program (PILP) praised its sense of mission and consistently stronger financial performance, but said the program should make more loans to racially diverse congregations.
PILP lends money to help congregations build, renovate or purchase buildings, refinance bank loans and help improve accessibility, technology and energy use. Its funds come from investments made through PILP by Presbyterians, churches and other entities.