Locavesting
Photo credit: Sol Systems.
Clean Energy | July 26, 2021
KKR acquires minority stake in Sol Systems’ community renewable energy platform
ImpactAlpha, July 26 — Washington, D.C.-based Sol Systems has financed or developed more than one gigawatt of community solar projects valued at more …
The Rise Apartments, a 200-unit complex, and the Cycle Shop, a historic building, in The Edge, a neighborhood inside the Memphis Medical District.
Catalytic Capital | July 20, 2021
Guarantee from Kresge Foundation catalyzes $30 million for Memphis fund
Memphis’s medical district, with about 10,000 residents and more than 30,000 employees and students, has a high poverty rate and a shortage of …
Capitalism Reimagined | July 14, 2021
There’s no building back better without investing in underserved communities
Between record levels of government stimulus, an unprecedented vaccination campaign and a buzzing economy, it’s easy to see reasons for optimism as America …
photo: Matt Rourke, AP
Community Finance | July 14, 2021
Investing in marginalized communities to drive the COVID recovery
ImpactAlpha, July 14 – The two-track recovery threatens to leave distressed communities even further behind. Consider Philadelphia’s Kensington neighborhood: “A community that was …
Photo credit: Woodforest National Bank.
Dealflow | July 1, 2021
Workforce housing in Indianapolis demonstrates Opportunity Zone impact
ImpactAlpha, July 1 – More than 90% of the 188 units at The Westmont property in Indianapolis will go to low-income residents. The $31 …
Photo credit: PolicyLink
Capitalism Reimagined | June 24, 2021
Turning pledges into policies to invest in Black Americans and multi-racial prosperity
ImpactAlpha, June 24 – Investors and executives can lead in many ways as they seek to fulfill their often heartfelt pledges to do …
The waterfront in downtown Buffalo New York. Photo credit: Xylem.
Community Finance | June 24, 2021
Buffalo Sewer Authority issues a $54 million environmental impact bond for stormwater management
ImpactAlpha, June 24 — Environmental impact bonds, or EIBs, reward investors for backing projects that achieve positive environmental outcomes. Baltimore, Atlanta and Hampton, …
Patterson Park neighborhood in Baltimore, Maryland | Photo credit: Jon Bilous
Catalytic Capital | June 15, 2021
With billions in fresh capital, community lenders step up to finance a more inclusive economy
ImpactAlpha, June 15 – The COVID-19 disruption made stark how badly traditional banks and lenders have underserved small businesses and real estate in Black, …
Photo credit: Timothy Jean.
Community Finance | June 10, 2021
Harvard Business School students’ impact fund secures $200,000 to back BIPOC-led small businesses
ImpactAlpha, June 10 — Nearly $70 million, or 10% of assets in 40 student-managed investment funds have a sustainable investing strategy, according to …
Photo credit: Shutterstock.
Community Finance | June 9, 2021
Georgia Power commits $75 million to advance racial equity and justice
ImpactAlpha, June 9 — Atlanta-based utility company Georgia Power tapped a $200 million community-focused allocation from its parent, Southern Company. It is looking to …
Photo credit: David Paul Morris/Bloomberg
Capitalism Reimagined | June 3, 2021
Corporates emerge as new source of capital for community investment
ImpactAlpha, June 3 – With the closing of its $250 million Black Economic Development Fund, LISC showed off the opportunity to tap corporations as …
Fabric shop owner | Photo credit: Mavo
Community Finance | May 19, 2021
A lifeline for relief, CDFIs are even more essential now for the recovery of under-banked businesses
When the initial COVID shutdowns hit a year ago, community development financial institutions, or CDFIs, were critical in getting small businesses quick relief …
Photo credit: Washingtonian.
Catalytic Capital | May 11, 2021
Capital Impact Partners to manage Nourish DC to fund local food businesses
ImpactAlpha, May 11 — Washington D.C. Mayor Muriel Browser is tapping Arlington, Va.-based community development financial institution Capital Impact Partners to receive $1 …
Lake Street in Minneapolis, MN | Photo credit: Sam Wagner
Catalytic Capital | May 6, 2021
Helping communities acquire assets and rebuild small businesses in Minnesota
ImpactAlpha, May 6 – The conviction of former officer Derek Chauvin for the murder of George Floyd sent a signal to residents of Minneapolis …
Source: Higher Purpose Co.
Catalytic Capital | May 6, 2021
RSF Social Finance deploys capital from the Racial Justice Collaborative
ImpactAlpha, May 6 — RSF Social Finance has launched the Racial Justice Collaborative, a vehicle that aims to provide debt, equity and grant …