Community Economic Dev / Siting in underserved area (corp or retail)
Community Capital Management Publishes Annual Impact Report (03/21)
In a webinar, Chief Impact Investment Officer David Sand emphasizes the importance the sustainable fixed income firm places on environmental and social impacts.
Community Capital Management a Top Fund Performer in 2015 (01/23)
The fund tracker Morningstar ranks the performance of the firm's fixed income investment product among the top one percent of 309 funds in the intermediate government category.
Community Capital Management Expands Green Bond Offerings (06/08)
The fixed income investment adviser offers opportunities for sustainable investors to meet their community investment mission.
Community Capital Management Outlines Plans for $100 Million in Rural Development Bonds (03/23)
The Florida based fixed income investment adviser published a report in which it reveals that it plans to invest $100 million in bonds financing rural community development.
Founder of Hope Credit Union Receives 2014 Ned Gramlich Award for Responsible Finance (10/17)
Bill Bynum, CEO of the Mississippi-based Hope Credit Union, is awarded for his efforts to advance economic opportunity in low-income communities.
Two Sustainable Investment Funds Reach Milestones (09/04)
Community Capital Management's flagship fixed income fund celebrates its fifteenth anniversary, and the fossil fuel free Green Century Equity Fund reaches $100 million in net assets.
Privatization Harms Public Services (07/05)
A working paper published by the UK-based New Economics Foundation calls for a model of co-production of social services, in which front-line service providers and service recipients collaborate.
Third National Climate Assessment Published (05/06)
In its new report, the US Global Change Research Program asserts that the effects of climate change have already become a present day concern, and announces the launch of a website to help Americans receive reliable scientific information.
News Briefs for March 20th (03/20)
Green Century Capital Management releases an animated fossil fuel free investing video, and Community Capital Management announces the launch of the CCM Alternative Income Fund.
Community Capital Management Publishes First Impact Report (02/11)
The Florida-based fixed-income investment adviser reports on its use of proceeds and the social programs financed by its investment activities.
Community Capital Management Commits $200 Million to Community Development (10/12)
The fixed income investment advisory firm announces its first Clinton Global Initiative America commitment, and will invest at least $200 million over the next year to help revitalize low-income communities.
CDFI Fund Awards over $172 Million to Community Development Financial Institutions (10/01)
191 community development financial institutions will use awards from US Treasury's Community Development Financial Institutions Fund to provide lending and investments in low-income and economically distressed communities.
Three Community Lenders Awarded $8.25 Million (09/18)
Opportunity Finance Network presents the 2013 Wells Fargo NEXT Awards for Opportunity Finance to three community lenders for their pioneering strategies for financial products and services in low-income communities.
Community Investment Practitioners Urged to Diversify Approaches (08/27)
A new report published by US SIF notes barriers to increased community investment but finds that the industry is poised for expansion if practitioners can diversify products and marketing.
CDFI Fund to Focus on Financing of Community Health Centers (03/23)
The Financing Community Health Centers series will provide training and technical assistance to community development financial institutions to help them expand the financing of community health centers.
Community Capital Management Invests over $4 Million on Behalf of Sustainable ETF (11/21)
The Florida-based fixed income investment manager, one of the portfolio managers for the AdvisorShares Global Echo exchange-traded fund, invests in projects that promote job creation and provide housing for low- and moderate-income residents.
Three Community Development Financial Institutions Receive 2012 NEXT Awards (10/09)
Primary Care Development Corporation will receive $4.25 million to expand beyond New York State, while Clearinghouse CDFI and the Corporation for Supportive Housing each receive awards of $2 million.
Rebranded, the SRI Conference Heads East (09/03)
SocialFunds.com talks with Steve Schueth of First Affirmative Financial Network about the history of the conference and the decision to locate it at the Mohegan Sun in Connecticut this year. First of a two-part series.
A Record Amount of Dollars Awarded by CDFI Fund in 2012 (08/14)
Almost $187 million is awarded to 210 community development financial institutions that provide financial services to distressed communities that are often overlooked by mainstream financial institutions.
How to Fund a Sustainable Food System (08/09)
RSF Social Finance publishes a report on steps investors can take to help build a just and sustainable food system in the US.
Finalists for 2012 Wells Fargo NEXT Awards Announced (08/01)
Three community development financial institutions are named as finalists for $8.25 million award to expand affordable housing, health care, or community facilities in distressed markets.
Community Investment Options Increase but Barriers Remain (07/04)
A report from US SIF details an increasing number of community investment options, but low awareness, perceptions of low returns and high risk, and increased regulatory scrutiny remain as barriers to a wider uptake of the practice.
CDFIs Rebound from Financial Crisis (06/13)
The National Community Investment Fund reports that 88 certified community development financial institutions earned a net income of $82 million in 2011, reversing a two-year decline.
Time for Investment in Africa Is Now (06/07)
The second annual Ernst & Young survey of investment in Africa finds a distinct perception gap between the overwhelmingly positive responses of investors already doing business in Africa, and the possibly outmoded views of those who do not.
UNDP Reports on Outlook for Sustainable Development in Asia-Pacific (05/10)
Exploring both widespread poverty and the impacts of climate change on the region, the report warns that the private sector and other stakeholders must act in order to galvanize government action.
Shared Interest to Reach More Low-Income South Africans (04/19)
The investment fund's Campaign for the Next Generation seeks to provide opportunities for an additional 500,000 low-income South Africans, while reforming the practice of mainstream banking.
$1 Million Grant to Automate Reporting by Community Development Financial Institutions (03/28)
The grant from Citi Foundation will help the CDFI Assessment and Ratings System automate its financial performance data collection system for community development financial institutions.
Initiative of Calvert Foundation Seeks to Invest in Women (03/15)
A $1 million grant from the Citi Foundation launches the Calvert Foundation's Women Investing in Women Initiative, which seeks to raise $20 million for economic opportunities for women.
SJF Ventures Announces Initial Closing of Impact Investment Fund (03/10)
Capitalized entirely by private investment, the $75 million SJF Ventures III fund will target growth-stage cleantech companies with positive impacts on low-to-moderate income communities.
Principles for Investors in Inclusive Finance Publishes Compendium of Case Studies (02/16)
The Principles for Investors in Inclusive Finance wraps up its first year with case studies designed to help provide sustainable financial products and services to the world's poor.
Community Capital Management's Flagship Fund Surpasses $1 Billion in Assets (12/14)
The Community Reinvestment Act (CRA) Qualified Investment CRA Shares fund, which helps banks meet the credit needs of the communities in which they operate, now has over 300 bank shareowners.
Populist Outrage Takes on Big Banks (11/05)
Today is Bank Transfer Day, and consumers are encouraged to move their accounts from megabanks to credit unions and community development banks.
New SJF Ventures Fund Is Designated a SBIC Impact Fund (11/04)
The North Carolina-based venture capital partnership receives green light to capitalize a $75 million fund that will invest in cleantech startups in low-to-middle income communities.
CDFIs from Maine and Pennsylvania are 2011 NEXT Awardees (10/26)
Coastal Enterprises will expand its Working Partner Initiative, while The Progress Fund will expand and support replication of its Trail Town Program.
SRI in the Rockies: CDFI Fund Director Donna Gambrell Delivers Keynote Address (10/08)
Gambrell challenges sustainable investors to help "realize the tremendous potential that exists for a partnership" with the CDFI industry.
Sustainable Initiatives Supported by Fixed Income Investing (09/08)
A white paper from Community Capital Management describes five categories of fixed income investments that can support environmental and social goals while providing competitive returns.
Report Surveys Ten-Year Performance of Community Development Banking Institutions (09/05)
The National Community Investment Fund reports that community development banking institutions have risks and returns comparable to mainstream banks, while offering far greater social impact.
Community Development Financial Institutions Anticipate Expanding Services (08/17)
Mark Pinsky of Opportunity Finance Network talks with SocialFunds.com about the challenges and opportunities of providing financial products and services to low-income communities over the next 15 years.
Community Development Banks: Too Important to Fail (08/06)
The National Community Investment Fund reports that the risks and returns of Community Development Banking Institutions are similar to traditional banks, but that they have far greater social impact.
Community Investing Fixed-Income Fund Reaches $1 Billion in Assets under Management (11/22)
Community Capital Management's Community Reinvestment Act (CRA) Qualified Investment Fund has invested over $3 billion in community development activities.
Book Review--Make Poverty Business: Increase Profits and Reduce Risks by Engaging with the Poor (01/09)
The co-authors provide a blueprint for on-the-ground managers of multinational corporations to create sustainable profits and reduce country risk by helping alleviate poverty.
The Growth of Green Building Funds (11/30)
A new urban green real estate fund from Revival Fund Management exemplifies a budding trend toward private funds capitalized by accredited investors.
Merrill Lynch Uses CDFI Assessment and Ratings System on $93 Million Community Investment (11/08)
While many investors use the CARS ratings as secondary information in their community investment decisions, Merrill Lynch will use it as its primary underwriting tool.
Missouri Farmers Union Credit Union Supports Sustainability in Low-Income Rural Areas (07/10)
The new credit union supports cooperative entrepreneurial models that advance social responsibility and environmental sustainability in low-income agricultural regions.
The Numbers--and the Stories Behind Them--on Community Development Financial Institutions (06/02)
CDFI Data Project recently released the most comprehensive report on the CDFI industry, with statistics documenting CDFI growth and case studies illustrating positive social impacts.
The Case for Categorizing Community Development Venture Capital as a New Asset Class (05/18)
A white paper by Pacific Community Ventures lays out the argument and identifies steps to promote growth in community development venture capital, such as standardizing social return metrics.
Socially Responsible Investing Advances Anti-Racism in Helping Rebuild New Orleans (12/12)
In addition to supporting community investment and leveraging influence through shareowner advocacy, social investors can help rebuild in the aftermath of Katrina by naming root problems.
Community Development Financial Institutions Spread Like Wild Grass in Indian Country (10/25)
First Nations Oweesta Corporation serves as a national umbrella organization providing the structural framework and organizational support to fuel current exponential Native CDFI growth.
The Power of Three: SJF Ventures Sets Precedent in Community Development Venture Capital (06/16)
SJF and its partners won all three award categories at the annual conference of the Community Development Venture Capital Alliance, which promotes economic, social, and environmental advancement.
Measuring Social Returns on Community Development Venture Capital Investment (04/21)
The Community Development Venture Capital Alliance releases the Measuring Impacts Toolkit, which attempts to quantify social returns from community investments.
Wanted: Socially Responsible Real Estate Investments (03/18)
An academician searches for socially responsible real estate investment trusts, finding few that fit the definition, as well as disagreement over what criteria define SRI REITs.
Bush Budget Ghettoizes 18 Community Development Programs, Slashing Their Funds (02/16)
Community development advocates criticize the proposed budget for fiscal year 2006, as the consolidated programs will have to compete with one another for a smaller pool of funds.
Fonkoze Partners With Zanmi Lasante to Link Microfinance and Health in Haiti (10/22)
The largest microfinance institution in Haiti teams with a renowned community health provider to launch a new bank and hospital in a rural village.
FDIC Proposes Rule Watering Down Community Reinvestment Act Requirements (10/19)
The SaveCRA.org website promotes opposition to the rule change, posting information and a sample letter to file with the FDIC before the end of the comment period tomorrow.
CRAFund Goes Retail (08/10)
Formerly available only to institutional investors, the Community Reinvestment Act Qualified Investment Fund is now available to individuals through Charles Schwab.
Community Investment Institutions Managed By and Benefiting African Americans (06/16)
Generations Community Credit Union, Carver Bancorp, and UrbanAmerica are three African American managed community investment institutions.
Sarona Supports Microfinance To Help Alleviate Poverty in Developing Regions (06/03)
The Sarona Global Investment Fund finances starch processing in Paraguay, a foundation supporting small enterprises in Romania, and a savings and loan cooperative in Haiti.
Community Foundations and Community Investment: An Obvious But Underused Link (04/23)
The Vermont Community Foundation recently broke new ground by launching a first-of-its-kind community investment program with the support of the Calvert Foundation.
CRA Fund Helps Transform Environmental Liabilities Into Social Assets (02/12)
The CRA Fund supports environmental remediation of brownfield sites, helping transform them into socially beneficial projects.
US Community Investment Assets Nearly Double Over the Past Two Years (12/10)
Community development financial institution assets rise 84 percent from 2001 to 2003, making community investment the fastest growing segment of socially responsible investing.
Congress Cuts Funding for New Markets Venture Capital Program (03/05)
The New Markets Venture Capital program, which provides entrepreneurial expertise and equity capital to small businesses in low-income regions, received the Congressional ax.
Top Five Social Investing News Stories of 2002 (01/14)
The major social investing news stories of the year include significant corporate governance reforms and the success of community investment.
Low-Income Toronto Residents Save on Check Cashing (01/10)
Royal Bank of Canada tailored its Cash & Save concept to meet the unique financial services needs of residents in a diverse, densely populated urban community.
Conference to Consider the Business Case for SRI (07/29)
Institutional investors will discuss SRI at the Green Mountain SRI Summit, to be held in Stowe, Vermont in September.
Ben & Jerry's Co-founder Invests in "Sweat-free" Garments (09/10)
Following the sale of the Ben & Jerry's label to Unilever, Ben Cohen has shifted his focus from ice cream to the clothing industry as a vehicle for social change.
Community Investment As a Means of Competitive Advantage (08/10)
Ford Foundation report illustrates how companies are finding investment in rural and urban markets to be good business.
Louisville Community Development Bank Focuses on Inner City Neighborhoods (05/08)
Unique bank helps turn pockets of despair into pockets of hope.
VCLF Makes a Big Difference in a Small State (02/10)
Vermont Community Loan Fund brings a vibrant program of affordable housing, community facilities, and small business to the Green Mountain State.