Domuso raises $3.1 million to extend credit to tenants

More than 40% of Americans are renters, and a quarter of them spend more than half their income on rent. It leaves them little room for error when they get hit with large, unexpected expenses, like medical bills. Domuso, a Santa Monica, Calif., startup, created a payment portal that provides renters with a line of credit that

Impact Hub Austin launches affordable housing accelerator

Inclusive Economics The three-month program is supported by Google, Chase and the Austin Board of Realtors The Affordable Housing Launch in Austin | PC: Impact Hub Austin The search for affordable housing solutions continues. Among the recent efforts: Chan-Zuckerberg Initiative’s funding for teacher housing in the Bay Area; KKR’s commitment to low-cost homes in India; and the

From ‘Condemn and Disband’ to ‘Invest and Transform’

Was the mass resignation of the country’s top CEOs from the Trump Administration a momentary reflex? Or the catalyst for collective and purposeful social leadership from business on the grand challenges of our time? The president’s contortions over neo-Nazis and white supremacists may have been the final straw, but there were already major loads on the

After Charlottesville, does impact investing even matter?

I had a conversation with a leader in impact investing this week about Charlottesville (UVA is my alma mater). The investor asked me, “In the wake of everything that’s happening, does impact investing even matter?” The investor’s question got me thinking. I re-read Antony Bugg-Levine’s ImpactAlpha post from February: Does impact investing matter in the age

Reinvestment Fund backs solar project for Philadelphia Navy Yard

Reinvestment Fund, a Philadelphia-based community-development finance institution (and GSG Honors awardee), is providing $1.1 million in debt to construct a two-phase rooftop-solar project at Philadelphia’s Navy Yard. It’s being touted as the first community solar project in Pennsylvania, and one of only 25 in the U.S. The former navel base and shipyard turned business park in South

Philadelphia leaders commit $15 million to one-stop investor for social startups

Rather than approach investors separately, social startups in Philadelphia can go directly to ImpactPHL Ventures, a new initiative from ImpactPHL, the year-old impact investing advocacy collective of investors, business leaders and non-profits. The new funding will be used to back Philadelphia-based startups focusing on social, environmental and health issues with about $300,000 each. Spring Point Partners,

Summer of impact, impact Philly, reef insurance in Mexico, China’s AI plan for 2030

Hello ImpactAlpha readers! #Featured: ImpactAlpha Original Summer of Impact. Has anybody else noticed that both deal ticket sizes and fund raises in impact investing have stepped up a whole order of magnitude? ImpactAlpha posed that question across social media last week in the wake of Bain Capital’s $390 million raise for its Double Impact Fund,