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.
Christiana Figueres, the executive secretary of the United Nations Framework Convention on Climate Change (UNFCCC), has been awarded the Joan Bavaria Award for Building Sustainability into the Capital Markets. The announcement was made today at the Ceres Conference 2016 at the Park Plaza Hotel in Boston.
What if we reimagine the way we connect our communities, our lives, and our world in a way that’s safer, more responsive to the climate, more regenerative to the environment, more uplifting to the spirit, and more capable of generating economic opportunity?
America’s Charities, the leader in workplace fundraising for nonprofits, today announced a new partnership with National Corporate Research, Ltd. (NCR) to provide America’s Charities’ nonprofit members a discount on NCR’s charitable solicitation registration and renewal services, sales tax exemption services, statutory representation and state corporate compliance services. The partnership is the latest in the benefits and discounted resources available to America’s Charities members.
Wells Fargo & Company (NYSE: WFC) today announced it is providing $22.3 million in lending capital and grants to 15 Community Development Financial Institutions (CDFIs) selected for round one of the Wells Fargo Works for Small Business®: Diverse Community Capital program. CDFIs are private, nonprofit financial institutions that assist underserved populations. The three-year Diverse Community Capital (DCC) program will provide a total of $75 million in lending and grant capital over six selection rounds to CDFIs that support diverse-owned small businesses. CDFIs interested in the program’s second round can submit an interest form through June 1.
Bangladesh is ranked among the countries most vulnerable to climate change. Last week, I saw that risk firsthand while attending the 10th annual Community-Based Adaptation conference in Dhaka. In conversations with climate and community adaptation experts, as well as through field trips into the city, a clear message prevailed: Companies must do more to build climate resilience by investing in communities and in those most disproportionately affected, including women. This will, in turn, generate business benefits.
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