New Markets Tax Credits: A Community Investment Tool Both Parties Can Love

(Editor’s note: The New Markets Tax Credit was slated for elimination in the House version (though not the Senate version) of the U.S. tax-cut bill. We are reposting Oscar Perry Abello’s February story for ImpactAlpha, which lays out what’s at stake.) If President Trump is looking for a successful bipartisan idea for his speech to Congress

Community development lenders attract new investors to low-income neighborhoods

If you’re looking to help bridge longstanding racial and other barriers to capital for low-income communities, you’ve got yet another option. Capital Impact Partners, a nonprofit loan fund and federally-certified community development financial institution, or CDFI, this week launched a $100 million fixed-income security that is available to retail investors for as little as $1,000. Capital Impact’s

Four suns: ‘Impact rating’ issued for a publicly traded mutual fund

Impact investing’s march into the mainstream continues. This week, Community Capital Management’s CRA-Qualified Investment Fund became the first publicly-traded mutual fund to receive a third-party rating for impact management. Just as third-party ratings have become essential for judging financial risk of an investment, third-party verification of impact is essential if impact is to become a

A private bond market emerges for low-income community development

If you need an example of how catalytic public and private impact capital can open private capital markets for low-income communities, consider the scene at The Reinvestment Fund in Philadelphia as bids came in last week for the organization’s $50 million in S&P-rated bonds, only the second such bond offering ever. It was nervous-time. CEO Don

LISC offers first CDFI bond to bring private capital to low-income communities

It’s a strange time to have a landmark day for U.S. community development financing. Crucial community development programs at Housing and Urban Development, the Treasury Department and the Department of Agriculture are on the budget chopping block. That makes it all the more significant that the Local Initiatives Support Corporation, or LISC, is today announcing it

Small Foundations Are Embracing Impact Investing

Paperwork and bureaucracy aren’t just pains in the backside of everyone working at every small business or smaller nonprofit. They’re also barriers to entry — for new people, new ideas and even new sources of capital. Crowdfunding might help level the playing field, but even that has a new set of challenges and limitations. When

Green, Low-Income Housing in Kansas City From a REIT and a B-Corp

One day, in the not-too-distant future, in Kansas City, Missouri, someone will arrive home after a bus ride and a long day’s work at their barely above-minimum wage job. The building in which they live will use 90 percent less energy than the buildings around it. There’ll be a community garden on the rooftop where