Community Investment

A Home for Social Finance in Social Housing

The Canadian Housing and Renewal Association (CHRA) held its annual Congress in St. John’s last week, where we met colleagues from a sector with some of the highest potential in terms of uptake and success of social finance in Canada. Pre-Congress sessions included Finding the Money, Renewing the Mission: Social Finance, Social Enterprise & Affordable Housing, kicking off a week of workshops in the lovely, foggy capital of Newfoundland and Labrador.

As participants, we wanted to take the opportunity to provide an overview of the sector and its predisposition to social finance, and share what we learned last week.

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Community Bonds and Social Enterprise: Where No One Loses

There is an increasing interest in the use of community bonds to help nonprofits achieve their financial goals. Community bonds can be used to finance a range of projects, from program development to capital expansion projects where the 'first-in' dollars are hard to find. For people in the nonprofit sector, they are a form of investment that clearly shows what the investor is interested in - you.

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Update from the MaRS Centre for Impact Investing - May 2012

Opened in late 2011, the MaRS Centre for Impact Investing (the Centre) is designed to increase the awareness and effectiveness of social finance by catalyzing new capital, talent and collaborative initiatives to deliver innovative solutions to Canada’s social and environmental challenges. Now that the Centre has been in operation for three months, we are keen to share with the community our goals and our progress to date.

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Social Finance Round Up: BC Social Innovation Council Releases Final Report

SocialFinance.ca produces a weekly round up featuring social finance related news, insights, job openings, and events. We source the content for these round ups from Twitter, an RSS reader, and directly from our community of social finance practitioners. Below is our round up for the week of April 30, 2012.

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Community Economies and Jobs to Suffer Without Support to Co-operative Development

As announced by the Canadian Co-operative Association and others last recently, the termination of the Co-operative Development Initiative and the drastic cuts to the Rural and Co-operatives Secretariat will have a significant impact on the development of new co-operative businesses, jobs, and services for communities throughout Canada.

In a year that the United Nations has declared the “International Year of Cooperatives” - which the federal government endorsed at the United Nations and has been a partner in supporting - the elimination of the only federal government program dedicated to co-op development is not only hard to understand, it is misguided and will result in a negative economic impact much greater than the short-term spending that is “saved.”

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