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Chan Zuckerberg Initiative invests in affordable housing for teachers. Mark Zuckerberg believes in “personalized learning” and wants kids to teach themselves (through software Facebook is helping develop). But teachers will have a role, too, so Zuckerberg’s LLC is making a $5 million investment in Landed to help teachers buy homes in the Bay Area’s high-priced housing market. Landed generally contributes up to half of a 20% down payment to help local teachers buy a home, and takes 25% of the gain when the home is resold. The Chan Zuckerberg investment is expected to support 50 teachers. The booming tech sector has driven the cost of homes beyond the reach of most teachers, to $750,000 in Redwood City and $1.3 million in East Palo Alto. (If you have to ask about Palo Alto, you can’t afford it.)

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Readying an impact IPO on the London Stock Exchange. The prospectus for one of the world’s first publicly listed impact investment companies has a long list of risk factors that would be daunting — if they weren’t much like the risk factors for all other initial public offerings. The Impact Investment Trust, which will be listed on the London Stock Exchange in the next couple of weeks, will be one of the few emerging-market impact investment opportunities available to individual small investors. It is seeking to raise $150 million to invest in about a dozen underlying funds targeting small- and medium-sized enterprises in “high-impact” sectors in low-income countries. The IPO prospectus offers a glimpse of a future in which impact strategies and impact measurement — and impact risks — are routine parts of many such offerings available to retail investors.

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