affordable housing

Values-Based Banking – Vancity’s Answer in Uncertain Times

Article

May 15, 2019 - A financial institution that only makes money by moving it around achieves very little of value beyond generating profits. Vancity is different. With its values-based banking model, Vancity is perfectly placed to support its members through uncertain times. Canada’s largest community credit union’s ninth integrated annual report, Navigating change, building community – explains how. It can be viewed at annualreport.vancity.com.

A Housing Lift for Those Who Protect and Serve

From firefighters and police officers to veterans, hundreds of first responders across the U.S. have become homeowners with help from Wells Fargo’s NeighborhoodLIFT® program.
Blog

From the first time he set foot in a fire station, David Budd felt like he was home. As a boy, he had fallen in love with the idea of being a firefighter and spent years working to become one. It was a proud moment when he eventually landed a full-time job as a first responder.

But that was nothing compared to the day he walked into his first home as a homeowner, said the 23-year-old native of suburban Charlotte, North Carolina.

Philanthropic Investors Tap “Catalytic Capital” to Seed Innovation & Scale Progress

Article

by Debra Schwartz Managing Director, MacArthur Foundation 

Often, the most compelling impact investments are made, not found.

I have used that phrase over the years to describe how foundations and other impact-focused investors use “catalytic capital” to support social and environmental progress. These patient, flexible, “catalytic” investments are able to take on more risk and/or accept a lower return than commercial capital in order to finance gains that would not otherwise be possible.

Conway Center Revolutionizes Affordable Housing in Washington, D.C.

Simone Scott and her children are among the first residents of the Conway Center, an affordable housing development in Washington, D.C., that also provides job training, health care, and other resources, thanks to a grant from Wells Fargo.
Blog

Just a few years ago, Simone Scott lost her job, lost her home, and suffered a seizure while pregnant, all in a short period of time, leaving her, her young son, and newborn daughter homeless. But after learning about the nonprofit So Others Might Eat, or SOME, Scott received housing and support, allowing her to get back on her feet. Today, she is enjoying her new home at SOME’s Conway Center and hopes to give back to others like herself as a wellness consultant.

SunTrust Foundation Awards $5 Million Grant to Westside Future Fund

Grant will support mixed-income housing and economic development within Atlanta’s Westside community
Press Release

ATLANTA, March 18, 2019 /3BL Media/ — The SunTrust Foundation announced today it awarded a $5 million grant to the Westside Future Fund (WFF). The grant will positively impact Atlanta’s historic Westside neighborhoods, whose footprint once housed more than 40,000 residents by supporting mixed-income housing and economic development. This will ensure that legacy residents can continue to call the historic Westside home and thrive as part of the revitalization efforts taking place.

How Impact Investing Can Change Our Relationship With Money

Article

by Yuliya Tarasava, Co-Founder and COO, CNote 

While difficult at the moment, the many conversations with my friends about money inspired me to explore a different path. Conversation after conversation, I started to chip away at what felt wrong about money, and we would talk about their “wish list” when it comes to finance. What came up again and again was the desire to feel smart about money decisions – “whatever I do should be easy to understand, available to all, convenient to do, and make me feel good and empowered.”

Wells Fargo Donated $444 Million to 11,000 Nonprofits in 2018

Giving builds on increasing philanthropy over 25 years, addresses community issues around affordable housing, small businesses, education, sustainability
Press Release

 

A Year of Giving: Wells Fargo Donates $444m to Nearly 11,000 Nonprofits in 2018

Wells Fargo continued its commitment to communities by increasing philanthropy and supporting affordable housing, small business, education, sustainability, and local issues.
Article

Wells Fargo increased its philanthropic impact in 2018 by donating $444 million to nearly 11,000 nonprofits that help communities and people in need, surpassing its $400 million goal. The company has been committed to local communities throughout its 167-year history and has increased its philanthropy 25 times over the past 28 years.

KeyBank Finances $50.4 Million for the Construction of Multifamily Affordable Housing in Boulder, CO

Diagonal Crossing will offer the community 105 new units of affordable housing for individuals and families with incomes at or below 60% area median income (AMI)
Press Release

CLEVELAND, January 28, 2019 /3BL Media/ — KeyBank announced today $50.4 million in total combined financing for a tax-exempt bond transaction to support Koelbel & Company’s construction of Diagonal Crossing. Diagonal Crossing is a 105-unit garden-style apartment community that is income-restricted for families earning at or below 60% AMI in Boulder, CO.

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