Tag: Social Impact Bonds
LISC to Issue $100M in Bonds – a CDFI first
The Local Initiatives Support Corp, a large, national non-profit and a CDFI, is tapping the bond market to raise $100 million in capital, a first of its kind, "game-changing" public investment. A brief look into why this timely news matters.
World Bank Raises EUR163M in SDG Bonds – a First
The World Bank plans to use the funds raised to support the financing of projects that advance its goals of eliminating extreme poverty and boosting inclusion, and that are aligned with the UN's Sustainable Development Goals or SDGs. Bond ROI will link directly to to the stock performance of companies included in the Solactive Sustainable Development Goals World Index.
Why the $1.8T Islamic Finance Market Could be your next SRI Funding Source
Islamic Finance, which practices exclusionary screening of investments in tobacco, alcohol, drugs, speculation, gambling has grown fast, to US$1.8 trillion in just 15 years. With a $218 million gap in SDG funding, proponents argue it could be tapped as an alternative investment source, based on reach, size and growth.
$1.5M Social Impact Bond to Benefit the Mentally Ill in New Zealand
Purpose-driven investors expect to get a return when certain social outcomes are reached, which in the case of a New Zealand bond is getting those who are mentally ill into stable jobs. The program, dubbed "social experiment" is being closely watched by those against the notion of privatizing state services and those who are proponents of innovative social welfare.
Australia Treasurer Scott Morrison’s Mission to Build More Affordable Housing
Hon. Morrison’s “fact-finding” housing affordability tour to London gave the treasurer ideas and motivation to innovate government funding and deliver better services. But advocates against the program say it may take a long time, if ever, before his new investment fund builds even one new affordable home.
Australian $9M Social Impact Bond Aiming to Fix Homeless
South Australia’s first social impact bond aims to support housing that can begin helping the region's estimated 12,000 homeless by July 2017.
Are Social Impact Bonds for Denver’s homeless working?
Evidence shows that conventional programs to aid the homeless are costly and do not really reduce the homeless population in U.S. cities. Bonds that measure successful outcomes, now being piloted in Denver Colorado, may be a way to address the problem.
