Reinvestment Fund taps capital market to raise $76 million for ‘impact investment bond’

Public bond markets are becoming a reliable new source of capital for community development financial institutions that lend to low-income communities. A successful $76 million offering by the Reinvestment Fund, a nationwide “CDFI” based in Philadelphia, pushed total capital raised through four such general-obligation bond offerings since last year to more than $350 million. Reinvestment … Continue reading Reinvestment Fund taps capital market to raise $76 million for ‘impact investment bond’