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.
The Conservation Fund is a national nonprofit working to create innovative solutions that make environmental and economic sense while meeting the unique needs that American communities are facing – creating access to fresh, healthy food, mitigating sea level rise, preserving corridors for wildlife to roam, protecting clean water, investing in small, natural resource-based businesses, and helping cities protect and conserve green space as they plan for growth. Since 1985, we’ve demonstrated our passion for the American landscape by protecting more than 8 million acres of wildlife habitat, working forests and farms, parks, historic sites and favorite places across the United States.
Jibu, a business that supports the self-empowerment of low income communities, joins Business Call to Action (BCtA) with a commitment to equip, train and finance 1,000 African entrepreneurs to launch drinking water franchises that will produce two and a half million litres of affordable, safe water every day and serve three million consumers by 2022.
More than 65 million people are outside of the mainstream financial system in the U.S, which means they are relying on high-fee alternatives and are not able to access basic financial needs like savings accounts, credit cards, or even a credit score. The Cities for Financial Empowerment Fund (CFE Fund) announced today a $1 million grant from the Wells Fargo Foundation to double the size of its successful “Bank On” Fellowships, which funds a full-time Bank On coalition leader in a community for two years to focus solely on improving banking access for residents.
Wells Fargo & Company (NYSE: WFC) today announced $6 million in neighborhood revitalization grants to 50 nonprofits through the Wells Fargo Housing Foundation 2018 Priority Markets Program.
“These 50 nonprofits share our focus of strengthening communities through local neighborhood revitalization efforts in support of sustainable housing,” said Martin Sundquist, executive director of the Wells Fargo Housing Foundation. “The impact of each dollar invested through this program will be magnified by enabling nonprofits to combine funding with other community grants as the catalyst for their neighborhood revitalization work, serving as a powerful example of the positive impact that can be achieved with thoughtful public-private collaboration.”
In every part of the world, from the industrialized to the emerging economies, energy systems are shifting from a highly centralized architecture (i.e., large generation plants, long transmission lines, and one-way flows of energy) to a decentralized, distributed network model. This model takes the form of microgrids (or “mini-grids” in Africa and Asia), small, integrated systems capable of autonomous operation; and as Distributed Energy Resource Management Systems and Virtual Power Plants, as ways of making the existing bulk power grid more flexible. Some compare this to the advent of “the internet of energy.”
This year, the Ray C. Anderson Center for Sustainable Business at the Georgia Tech Scheller College of Business celebrates its fifth anniversary. It launched in 2013 as the Center for Business Strategies for Sustainability with funding from the Ray C. Anderson Foundation and others, and in January 2015 the Ray C. Anderson Foundation made a $5 million commitment. It was then renamed for Ray C. Anderson.
Technology growth is fast and has become the driving sector of every company for them to stay competitive – from automation to AI. It can also be used as a foundation to grow social impact with just a little thought. And tying the two together means you can get double bottom line returns. People think that social impact and tech are antithesis of each other. It's the synergy that's powerful.
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