Capital Impact Partners, a nonprofit loan fund and federally-certified community development financial institution, or CDFI, this week launched a $100 million fixed-income security that is available to retail investors for as little as $1,000.
Capital Impact’s notes further expand the pool of capital available for low-income, community-development lending. Earlier this month, CNote, based in Oakland, Calif., announced the expansion of its high-yield, low-risk savings product; deposits are pooled and invested in CDFIs.
CDFIs have long been providing positive impact locally, with positive financial return, for decades,” says Paul Herman, founder of investment advisory HIP Investor. The new issuances “help aggregate impact-oriented investors in a common channel to allocate more easily to impactful, for-profit investments in their community or nationwide.”
Read the full article by Oscar Perry Abello about community development on ImpactAlpha
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