The capital for communities and opportunities for people = 25 years, US$1.3 billion, 46 states and 47,000 jobs.
This past week, I had the pleasure of meeting with Frank Altman, president and CEO of the Community Reinvestment Fund (CRF), USA. Since 1988, the CRF has injected $1.3 billion into mostly low-income neighbourhoods across the United States, helping to retain or create 47,000 jobs.
There is a systemic issue in impact investing that constantly resurfaces, from research papers to goals of foundations in the realm of impact investing: lack of infrastructure to help people identify and function as a part of the impact industry.
The biosphere needs more than just making an impact.
From the discussions held at SOCAP: Designing the Future in Malmö, it is clear that impact investing needs to up the game and take into account how different forms of capital interact with each other, and provide a resilient system.
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.
SocialFinance.ca is looking for two qualified individuals to share responsibility for the position of Volunteer Assistant Editor from June to September 2012. The candidates should have strong written communication skills, comfort in the world of online media, and an interest in social finance and impact investing. (Brownie points if they can score a hole-in-one. On a weekly basis.)
Deadline for application: 5:00pm ET, Monday, May 28th.
See More
Your Guide helps social entrepreneurs learn how to attract financing for their social ventures.
See More
See More
See More
Your Guide to Social Finance
SocialFinance.ca hosts an online guide that helps social entrepreneurs learn how to attract financing for their social ventures.
GET INVOLVED
