KeyBank Community Development Lending and Investment (CDLI) provided $16.6 million in low income housing tax credit equity (state and federal), a $21.3 million construction loan and $6.3 million taxable equity bridge for the construction of Silos Apartments.
Barclays has become the first UK bank to launch a range of green finance products to help its corporate clients fund low-carbon projects and investments.
It’s the season of gratitude and a time to celebrate the impact of 2017. Whole Planet Foundation wants to acknowledge the achievements of our microfinance partners’ field officers, who are often the main point of contact between a microfinance organization and the entrepreneurs financing their businesses with microloans. In 2014 we piloted a new Field Officer Appreciation Award in the Africa & Middle East region of our work and this year, the foundation awarded its fourth year of awards to nominated field officers. In total, this region currently includes 28 partner institutions.
KeyBank Community Development Lending & Investment (CDLI) has provided a $4.4 million Fannie Mae loan to Mt. Vernon Associates, LP, to renovate Greencourt Apartments, a 76-unit, multifamily affordable apartment complex in Mount Vernon, NY, with 59 units reserved for tenants earning no more than 60% AMI.
KeyBank Community Development Lending & Investment (CDLI) has provided an $8.2 million credit enhancement for the construction of Roosevelt Residences, located in Utica, NY. The project is being developed by Norstar Development USA, L.P., and the Municipal Housing Authority of the City of Utica, NY.
As sustainability leaders from around the world gather at the One Planet Summit, we’re reminded of the urgency of the climate crisis and inspired by those who, together, are rising to meet the challenge head on.
The Automotive Industry Action Group (AIAG) and Drive Sustainability today announced an updated version of the “Automotive Industry Guiding Principles to Enhance Sustainability Performance in the Supply Chain.” This collaboration between AIAG, Drive Sustainability and key automotive organizations provides guidance to our valued supplier partners concerning the latest industry expectations. Additionally, a supplementary reference document was created to provide further explanation and examples for the updated principles.
Now that millennial-aged employees represent the majority of the workforce, it’s increasingly important that corporate management teams finds ways to engage these employees in the company. Creating defined contribution plans which connect to millennial core values – like solving human, social and environmental problems through their work and investments – can spur employee engagement, spark innovation and provide companies with a competitive edge in their pursuit of the “best and brightest” employees.
Today, a joint hearing by the Subcommittee on Environment and the Subcommittee on Digital Commerce and Consumer Protection will discuss the economic impacts of vehicle fuel economy and emissions standards and how multiple agencies work together to develop and enforce these policies that provide fuel costs savings for businesses and consumers, regulatory certainty and increased sales for suppliers, and a kind of insurance policy for automakers in the event of a fuel price spike.
The sustainability nonprofit organization Ceres joined forces with investors and partner organizations worldwide today to help launch a new five-year global initiative led by investors to engage with the largest corporate greenhouse gas emitters in North America and around the world to act on climate change. The effort is backed by more than 225 global investors, including nearly 70 North American investors, with USD $26.3trillion in assets under management at the time of launch.
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