bonds – The National Center for Social Impact

$100M in Community Development bonds to bring private capital to low-income communities

 It’s a strange time to have a landmark day for U.S. community development financing. Crucial community development programs at Housing and Urban Development, the Treasury Department and the Department of Agriculture are on the budget chopping block. That makes it all the more significant that the Local Initiatives Support Corporation, or LISC, is today announcing it is issuing $100 million in general obligation bonds to raise [...]

IFC’s first “Social Bond” raises $500 million for women-led companies and low-income communities

The IFC’s first “Social Bond” has raised $500 million for women-led companies and low-income communities. The issue was the first since International Finance Corp. merged its Banking on Women and Inclusive Business bond programs, which had raised a combined $564 million since 2013. The IFC, part of the World Bank, will use the latest proceeds to finance women-led companies and those that purchase from small farmers [...]