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Age Strong fund finances first projects to aid older, low-income Americans

Age Strong — a social investment initiative from the Calvert Foundation, the AARP Foundation and Capital Impact Partners targeting support for low-income seniors — has invested $14 million in five projects since launching October 2015.

The organizations backed so far include: Colorado-based Washington County Green House project and Detroit-based Green House at Riverton for their long-term care facilities; Brown’s Superstores, in Philadelphia, to expand low-cost grocery stores to areas with high numbers of low-income seniors; Primary Health Network to extend community health centers in rural Pennsylvania and Ohio; and Philadelphia-based NewCourtland LIFE Center for a mixed-use senior living facility.

Investments in Age Strong are made through Calvert Foundation’s community-note platform, where individuals can invest as little as $20.

The AARP Foundation has committed up to $6 million in matching funds to the initiative.

This post originally appeared in ImpactAlpha’s daily newsletter. Get The Brief.

Photo credit: Capital Impact Partners

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