Social Finance CSR News

Multi-Year Effort Launches to Help Millions of Financially Vulnerable People Build Savings & Economic Opportunity

Employers, Retailers and Financial Service Providers to ‘Make Wealth Common’
Press Release

BOSTON & NEW YORK, February 5, 2019 /3BL Media/ - Decades of research points to the material, psychological and social value of wealth. Yet, building financial security is a persistent challenge for lower-income Americans who continue to become less wealthy, not more. In fact, more than 40 percent of people in the United States cannot cover an unexpected $400 emergency expense, according to the Federal Reserve.

Homeownership in Washington, D.C., and Prince George’s County, Maryland, to Get $7.1 Million Boost

NeighborhoodLIFT® program will offer homebuyer education plus $20,000 down payment assistance grants; special parameters for veterans, military, teachers and first responders
Press Release

WASHINGTON,  February 1, 2019 /3BL Media/ – Wells Fargo & Company (NYSE:WFC), NeighborWorks® America, MANNA, Inc. and Community Housing Partners today announced the NeighborhoodLIFT® program will launch for Washington, D.C., and Prince George’s County, Maryland, with a $7.1 million commitment by Wells Fargo to boost local homeownership.

Whole Planet Foundation Gives "Field Officer Award: Africa and the Middle East"

Blog

To kick off 2019, the Whole Planet Foundation team would like to thank our network of microfinance organizations, the implementing partners who administer the microloans Whole Planet Foundation funds. These partners employ staff members who serve microcredit clients, sometimes traveling miles by foot or motorbike to reach some of the least-served entrepreneurs around the globe. Every quarter, we honor these staff members, or Field Officers, by asking our partner institutions to nominate exemplary candidates for the Whole Planet Foundation Field Officer Award.

American Express Backs the Community of Puerto Rico

Lin-Manuel Miranda Brings Hamilton to Puerto Rico to support local arts
Press Release

NEW YORK, January 18, 2019 /3BL Media/

Water and Sanitation Finance in Indonesia

WPF partner KOMIDA innovates to make it affordable
Article

According to The World Bank, approximately 20% of the world’s population does not have a toilet in their home.  Cost can be one challenge for a household.  According to CGAP, “In Indonesia, for example, connection to piped water systems averages

New York City Establishes Affordable Housing Fund with $2 Million Grant from Wells Fargo Foundation

Down Payment Assistance Fund is part of City’s Neighborhood Pillars Program, dedicated to affordable housing preservation
Press Release

NEW YORK, December 21, 2018, /3BL Media/ – The New York City Department of Housing Preservation and Development (HPD) and New York City Housing Development Corporation (HDC) announced today the City’s Neighborhood Pillars Program with a $2 million commitment from the Wells Fargo Foundation.

Sourcing Food Products From Developing Countries to Integrate Underserved Communities in the Global Supply Chain

A food product distributor is supporting small to medium farmers to give them fair prices, product development support and access to international markets.
Press Release

LONDON, December 24, 2018 /3BL Media/ - Ethical food sourcing company Coconut Merchant has signed on as Business Call to Action (BCtA)’s newest member, with a commitment to focus on sourcing food products from underserved communities and farmers in developing countries to provide sustainable income, and new routes for their products to international markets.

KeyBank Arranged Financing for the New Construction of Affordable Housing Apartments in Oklahoma City

Press Release

CLEVELAND, December 17, 2018 /3BL Media/ — KeyBank Real Estate Capital arranged a $3.9 million Fannie Mae, 9% Low-Income Housing Tax Credit (LIHTC) forward commitment permanent loan for Four Corners Development to finance the new construction of Council Trails Apartments. Council Trails Apartments is a 72-unit affordable housing property in Oklahoma City, OK comprised of four, three-story residential buildings. The Oklahoma Housing Finance Agency (OHFA) provided the 9% LIHTC equity allocation.

Passion vs. Purpose in Leadership: Which Do You Need Most?

Blog

“Passion is energy. Feel the power that comes from focusing on what excites you.” Oprah Winfrey

“The purpose of life is not to be happy. It is to be useful, to be honorable, to be compassionate, and to have it make some difference that you have lived and lived well.” Ralph Waldo Emerson

Finance Sector Discovers Social Purpose

by John Howell, Editorial Director & VP of Content, 3BL Media
Blog

We may be heading into the cold, dark days of winter, but my inbox has been glowing red-hot with a blast of news about sustainable finance. Updates are coming from every area of the category, from giant global entities to funds offering niche investment products, and services aimed at millennials and women. The volume and the variety of this news demonstrate that ESG-driven metrics are now becoming widely accepted as material factors in mainstream investment decision-making.

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