Community Finance
Portrait of a small business owner using face mask
Community Finance | March 3, 2021
Southern Opportunity and Resilience Fund to back small businesses in COVID recovery
ImpactAlpha, Mar. 3 – The Southern Opportunity and Resilience Fund will increase the supply of affordable capital for small businesses and nonprofits in 15 …
affordable-housing | March 1, 2021
Washington, D.C. workforce housing fund closes at $114.5 million
ImpactAlpha, March 1 — The D.C. city government has a goal to add 36,000 new housing units by 2025. At least 12,000 of …
Kensington, Philadelphia | Photo: Lexey Swall/GRAIN for The Pew Charitable Trusts
Community Finance | February 23, 2021
Neighborhood trusts are taking on speculators and building community wealth
ImpactAlpha, Feb. 23 – Real estate speculators have new competition on the block: neighborhood trusts organized by residents determined to have a say – and …
Clean Energy | February 23, 2021
Brooklyn’s BlocPower raises $63 million to green U.S. buildings
ImpactAlpha, February 23 — BlocPower works with utility companies, government agencies and property owners to retrofit city buildings in underserved communities and finance …
Community Finance | February 22, 2021
Opportunity Zones await makeover – and impact
ImpactAlpha, Feb. 22 – Tens of billions of dollars have been raised by opportunity funds. But most of the nearly 8,000 low-income opportunity …
Community Finance | February 11, 2021
Indian government-backs social impact bond to improve public health services
ImpactAlpha, February 11 — A public entity in the Indian city of Pune is partnering with the United Nations Development Programme on a …
Community Finance | February 9, 2021
Big companies back small businesses and the community development financiers that serve them
ImpactAlpha, Feb. 9 – Small businesses got a boost from Alicia Keys’ post-Super Bowl concert, sponsored by Verizon, which committed $10 million in …
bank-of-america | January 28, 2021
Bank of America places $150 million with minority-led fund managers
ImpactAlpha, January 28 — Bank of America is backing 40 minority-led fund managers to bridge the funding gap for Black, Latinx, women and …
Community Finance | January 28, 2021
Digital workflow platform ServiceNow launches $100 million racial equity fund
ImpactAlpha, January 28 — ServiceNow has launched a $100 million Racial Equity Fund to invest in “homeownership, entrepreneurship and neighborhood revitalization in Black …
Community Finance | January 12, 2021
Community lenders can lead the COVID recovery for small businesses – with an infusion of common equity
During Bill Clinton’s campaign for the presidency, he shared his vision of a federal government initiative that would provide $1 billion in financial …
affordable-housing | January 7, 2021
Morgan Stanley backs fund to acquire affordable housing in Atlanta
ImpactAlpha, January 7 — A quarter of American renters spend more than half of their income on housing. Morgan Stanley is investing $100 …
Community Finance | December 22, 2020
U.S coronavirus relief package boosts lenders in underserved communities
ImpactAlpha, Dec. 22 – The $900 billion stimulus bill set to be approved by Congress is being celebrated as a breakthrough for community …
Community Finance | December 17, 2020
EV infrastructure startup OBE Power raises $300,000 in Opportunity Zone funding
ImpactAlpha, December 17 — Lack of charging infrastructure is one of the biggest inhibitors to electric vehicle adoption in the U.S. Miami-based OBE …
Community Finance | December 16, 2020
Entrepreneur Backed Assets Fund aims to provide liquidity for community lenders
ImpactAlpha, Dec. 16 – The nonprofit Entrepreneur backed Assets Fund will buy loans originated by a half-dozen members of a collaborative of community …
Community Finance | December 16, 2020
Netflix invests $25 million in Enterprise’s Equitable Path Forward initiative
ImpactAlpha, December 16 — Netflix committed $25 million to an ambitious effort by Enterprise Community Partners to uproot the legacy of systemic racism …