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.
There has been much speculation over the last few months about the decrease in gas prices and its impact on consumers’ financial habits. For some time, the general perception has been that consumers have been using their savings at the pump to pay down debt or build a financial buffer. However, much of the information used to support this theory has been from self-reported or aggregate, lagging data.
San Francisco-based Kiva.org—best known for crowdfunding 1.7 million entrepreneurs globally—is now going local with the launch of “Kiva San Francisco.” In partnership with Capital One, this initiative will bring 0% interest crowdfunded loans to hundreds of San Francisco small business owners who are socially impactful and financially excluded from mainstream lending options.
The initial activities involving the first four projects financed by the Costa Crociere Foundation that focus on social solidarity and marine environmental protection initiatives have now gotten underway. Approximately Euro 600,000 has been allocated to the non-profit organizations whose projects were selected by the Foundation to develop activities to raise awareness about marine waste and training programs for more than 1,500 needy young people.
Grupo Financiero Banorte y Los 40 Principales México mantienen con éxito la alianza estratégica que iniciaron en mayo del 2013 y que dio origen a una tarjeta de crédito de marca compartida –Tarjeta 40-, tras incrementar en este año el número de organizaciones beneficiadas y el monto de los donativos otorgados.
Like farmers everywhere, those in rural India have long been subject to the ravages of weather, from droughts to destructive storms. But until recently, few Indian small subsistence farmers had access to crop insurance because many providers didn’t find the market commercially viable.
To mark the inception of the "European Year of Development" earlier this year, and explore a renewed global health agenda for malaria post-2015, Novartis organized a debate in the European Parliament on eradicating malaria through innovation. Other speakers included representatives from the European Parliament, the European Commission, the Kenya Medical Research Institute and Medicines for Malaria Venture.
Resilience has become the next mindset supply stop on the road to the future. Whether it’s businesses or communities, this is the thing that is going to be most needed going forward. The Global Resilience Partnership (GRP) was founded in 2014 to pursue this idea with a vision of “new solutions for new realities.”
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