MyStrongHome launches with $8 million from Calvert Foundation for coastal climate adaptation

Often the discussion of climate resilience focuses on vulnerable overseas communities, but severe and changing weather patterns are also having a noticeable effect on many parts of the U.S., including the bayous of Louisiana. The investment from Calvert is part of the Bethesda, Md., nonprofit investment manager’s new Capital Aggregation initiative to syndicate fixed-income investment

Lok Capital backs Ummeed Housing Finance to extend low-income mortgages in India

Delhi-based Ummeed Housing Finance has raised $5.6 million from Lok Capital and Duane Park, seven months after the two investors backed a $3.5 million Series A round. Ummeed offers mortgages for low-income households and informal economy earners. Activity in India’s affordable housing market is taking off, thanks to a national plan to ensure all Indians have access

Oregon Community Foundation’s new impact fund will invest in for-profits

The Oregon Impact Fund will invest in for-profit organizations tackling affordable housing, healthcare and job creation in the state. Existing donors have committed $10 million to the fund; the foundation will match that amount and try to raise an additional $10 million. The fund will provide “growth capital for scaling proven [for-profit] models,” says president Max

KKR invests $31 million in affordable housing projects in India

U.S. private equity firm KKR & Co. has committed $31 million to development projects by Signature Global, a developer based in Gurgaon. High volume is the key to the huge opportunity in India’s affordable housing market, says Signature Global’s Pradeep Aggarwal. Also boosting the market: an interest-rate subsidy for low-income homebuyers offered by the Indian government

The IFC puts up $40 million to expand lending to India’s low- and middle-income home buyers

The International Finance Corp., part of the World Bank Group, is investing in Aavas Financiers to increase loans to low- and middle-income homebuyers in six Indian states, including Haryana. Aavas Financiers is a division of Au Financiers, which is backed by private equity giant Warburg Pincus. Sixty-five percent of Aavas Financiers’ customers are small-business owners.

Impact investment and philanthropy are no substitute for federal affordable-housing funds

Lack of affordable housing isn’t just a gripe among residents in hyper-expensive markets like San Francisco; it is a problem in every U.S. county, according to a report by the Urban Institute. A rise in private and philanthropic investment strategies targeting preservation and new construction of affordable housing is helping low and middle income families

Danone’s public benefit corp., startups tackle affordable housing, three keys to energy for all

#Dealflow: Follow the Money Danone to create a public benefit corporation to hold WhiteWave. The French multinational food company signaled it wants to preserve WhiteWave’s healthy vibe after completing its $10 billion acquisition of the U.S. dairy company. Danone Dairy and WhiteWave’s health-focused brands (including Horizon Organic, Silk and Earthbound Farm) will combine under the name