KeyBank Community Development Lending and Investment (CDLI) provided $16.6 million in low income housing tax credit equity (state and federal), a $21.3 million construction loan and $6.3 million taxable equity bridge for the construction of Silos Apartments.
Today, Michael R. Bloomberg, the United Nations Secretary-General’s Special Envoy for Climate Action, announced the founding members of the Climate Finance Leadership Initiative (CFLI), convening six influential financial sector leaders to help facilitate the private financing objectives included in the landmark Paris Agreement. Mary Schapiro, Special Advisor to the Founder and Chairman and Vice Chair for Public Policy at Bloomberg LP, will act as Vice Chair of the CFLI.
The World Environment Center (WEC) is pleased to announce a strategic partnership with Better World Leadership (BWL) to prepare business leaders to implement sustainability. BWL studies provide evidence that nonprofit board service is an effective pathway for companies seeking to grow shareholder value by advancing diversity and inclusion, developing human capital for innovation, and helping to achieve global goals for sustainability.
Bloomberg announced the launch of its 2019 Gender-Equality Index (GEI), which this year selected 230 companies committed to transparency in gender reporting and advancing women’s equality in the workplace. The index more than doubled in size from 2018 and includes firms from 10 sectors headquartered across 36 countries and regions.
The articles on the multiple aspects of where the SRI industry has been and where it is headed. The numbers in the Trends Report are positive, as more investors, institutions and financial professionals understand that SRI is good for themselves, their clients, and all of us. The headline here: 38 percent growth in assets using SRI over the last two years, totaling $12 trillion; one in every 4 dollars under professional management.
SCS foresters have conducted hundreds of assessments of carbon offset projects around the world. Follow us in the field to learn how offset projects are advancing global climate objectives and protecting the planet’s forests.
Whole Planet Foundation was created to support communities worldwide where Whole Foods Market sources products. Flowers for Whole Foods Market stores across the US, Canada, and the UK, are sourced in large quantities from Colombia — so while it’s perhaps a bit of a happy coincidence, it seems quite fitting that Whole Planet Foundation’s newest microfinance partner in Colombia is called Aflore, the name of which comes from the Spanish word flor, for ‘flower.’
Whirlpool Corporation welcomes 2019 with much excitement, but we're still taking time to reflect and celebrate the innovation, volunteerism, sustainability and news stories of 2018.
KeyBank announced today arranging $28.4 million in a Fannie Mae affordable housing preservation refinance loan for Commonwealth Multifamily Housing Corporation (“Commonwealth”) for the benefit of White Rock Apartment Homes, a multifamily, 336-unit mixed-income property in San Antonio, TX. The refinance replaces two series of tax exempt bonds issued by the Texas State Affordable Housing Corporation more than 17 years ago to develop and construct the property and provides over $2 million in capital for roof replacements and other improvements that will enhance White Rock’s role as Commonwealth’s flagship property. More importantly, the property will continue to provide its historical and much needed affordable housing in the city.
Back in 2014 when Whole Planet Foundation's partner in Indonesia, KOMIDA, found that 40% of their own clients lacked a toilet, they wanted to address sanitation specifically as part of their social mission.
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