As foundation impact investing gains steam, more critics of this idea are also emerging. Some know what they're talking about. Others don't.
Since Hurricane Sandy, foundations have been backing a plan to finance resilient construction in coastal areas. Funders and lenders are now pooling $8 million behind a company’s creative funding mechanism.
An interesting new loan fund for affordable housing is attracting philanthropic and corporate support in one of the nation's toughest housing markets. We take a closer look at its strategy.
Despite growing interest in impact investing, such activity is lagging in higher education. A new report commissioned by the Kresge and Lumina foundations offers a blueprint for ramping things up.
Last year, we highlighted a foundation-backed project that aims to lower the barriers to impact investing in Chicago. Now, we look at the first round of loan recipients and what lies ahead.
Along with other financial firms, Bank of America is a steady under-the-radar funder for housing at a time of growing innovation in this space. Where's the money going, and what's it financing?
Banks are ideally positioned to be leaders in impact investing, growing the marketplace of loans available to nonprofit groups. We look at TD Bank's expanding nonprofit lending in New York City.