Volume & Velocity. Those may well be the key characteristics of developments in corporate sustainability and in sustainable investing in the year 2018.
Citi Community Development, the City of New York, and National Disability Institute (NDI) announced the launch of Empowered Cities (www.empoweredcities.com), a new national initiative enabling municipalities to expand financial empowerment and economic inclusion for people living with disabilities and their families.
KeyBank Community Development Lending & Investment (CDLI) has provided a $3 million construction loan with 9% LIHTC financing for the acquisition and rehabilitation of Peterson Park, an existing 39-unit USDA Rural Development affordable housing property, located in Ammon, ID, that will add one additional unit upon renovation. The property is comprised of five, two-story buildings, with units reserved for tenants earning between 30-60% area median income (AMI). The project will benefit from a Rental Assistance Contract for all 40 units.
KeyBank Community Development Lending & Investment (CDLI) has provided an $8.5 million construction loan and $10.5 million in 9% LIHTC equity for the development of Renton Commons, a 48-unit affordable housing project with 36 units of permanent supportive housing, located in Renton, WA.
CITGO Petroleum Corporation is donating up to $6 Million to Rebuilding Together Houston with an immediate goal of repairing up to 300 homes in Houston’s Independence Heights community over the next three years, in addition to longer-term recovery efforts. The partnership is part of the CITGO Fueling Good. Rebuilding Lives. initiative, which is dedicated to recovery in the wake of Hurricanes Harvey, Irma and Maria.
A new report from BSR provides a blueprint for how practitioners can reimagine sustainable business management inside their organizations to thrive in a rapidly changing world.
Through the Major League Baseball Players Association’s collective charity, the Players Trust, players have become increasingly active as ambassadors of baseball around the world.
The outdoor industry has made huge strides to promote and protect the lands we love and play in. From REI’s evolved #OptOutside campaign, North Face’s climate beneficial beanie and Patagonia’s bold response to the reduction of Bears Ears National Monument, outdoor retailers engaged consumers around a passion for nature and the goal of preserving the places we cherish. Now, one organization is creating a united voice from outdoor retailers showcasing how the industry is leading with Purpose- helping consumers better understand and connect with these brands and their efforts.
"If you don’t have diverse talent within your organization, or if women aren’t playing a key role in driving innovation, you will not keep up with the external pressures and demands of an increasingly diverse and dynamic customer base,” says Nate Hurst, Chief Sustainability and Social Impact Officer at HP.