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.
The Trump administration’s efforts to dismantle the U.S. Climate Action Plan, including withdrawing support for the Environmental Protection Agency’s Clean Power Plan, “is completely misguided and ignores the irreversible clean energy economy that is already underway, creating good-paying jobs and economic vitality in communities across the country,” Ceres President Mindy Lubber said in a statement today. Lubber served as the EPA Administrator for the New England Region in 2000.
Prudential Financial, Inc. (NYSE:PRU) has been named a 2017 World’s Most Ethical Company® by the Ethisphere Institute, a global leader in defining and advancing the standards of ethical business practices.
Prudential Financial, Inc., L+M Development Partners, and The Goldman Sachs Group, in partnership with Citi Community Capital, joined Newark Mayor Ras Baraka to celebrate the grand opening of the historic Hahne & Company building in downtown Newark. The restored building features an arts and cultural center operated by Rutgers University-Newark and around 75,000 square feet of new retail space on Broad Street, including Newark’s first Whole Foods. The project was accomplished with support from local co-developers Hanini Group and Crawford Street Partners.
The Global Impact Investing Network (GIIN) announced the appointment of Mark Grier as its new Board Chair. Grier serves as Vice Chairman at Prudential Financial Inc. Grier’s appointment marks a milestone in the advancement of the GIIN, which will benefit from Prudential’s more than 40 years of institutional impact investing experience.
Sustainable Brands, a leading website for forward-thinking businesses, published a case study that examined the unique nature of the partnership between Domtar and Procter & Gamble. By focusing on the importance of relationships with landowners, the partnership offers several lessons to other corporations and agencies about the benefits of collaboration.
Pennsylvania's proposed budget includes critical funding for autism and intellectual disability services, affecting both people with disability and the people who support them.
The nonprofit sustainability organization Ceres announced today that Eastern Bank has joined the Ceres Company Network. The Ceres board of directors approved the mutual bank’s membership in February 2017.
It may seem counter intuitive for a bank to give free office space, training and support to another finance provider. But that’s exactly what Barclays branches in Essex are doing – in a pioneering partnership with a not-for-profit credit union.
The Consumers Energy Foundation announced today that it has contributed $150,000 to support free tax preparation services and Michigan’s 2-1-1 network– resources that help families and individuals statewide as they receive their final heating bills from this winter.
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