Social impact bond

Private Real Estate Developers Stimulate 'Mister Rogers Effect'

Retrieved on: 
Tuesday, September 26, 2023

CLEVELAND, Sept. 26, 2023 /PRNewswire/ -- Neighborhoods that see the redevelopment of rundown properties experience short and long-term social benefits, as well as economic ones, according to a new report published today.

Key Points: 
  • 'Here Comes the Neighborhood: The Economic and Social Impacts of Private, Residential Real Estate Developers' is published by Upright , a leading real estate development platform.
  • Upright CEO, Matt Rodak says: "I have long been convinced that local, private real estate developers play a vital role not just in our economy, but in the life of our nation, and its neighborhoods.
  • The report also highlights the role that the nation's 50,000 private real estate developers have in helping to meet the demand for housing.
  • Upright, formerly known as Fund That Flip, was originally established as a means of enabling private real estate developers to access funding for their projects, and passive investors to enjoy the returns delivered by investing in residential real estate.

Freddie Mac Multifamily Impact Bonds Surpass $15 Billion Mark

Retrieved on: 
Thursday, April 20, 2023

MCLEAN, Va., April 20, 2023 (GLOBE NEWSWIRE) -- The Freddie Mac (OTCQB: FMCC) Multifamily released its annual Impact Bonds Report detailing the company’s successful efforts to issue more than $15 billion in Green, Social and Sustainability Bonds since 2019.

Key Points: 
  • MCLEAN, Va., April 20, 2023 (GLOBE NEWSWIRE) -- The Freddie Mac (OTCQB: FMCC) Multifamily released its annual Impact Bonds Report detailing the company’s successful efforts to issue more than $15 billion in Green, Social and Sustainability Bonds since 2019.
  • The annual report showcases how Freddie Mac’s Impact Bonds continue to support multifamily properties that address persistent housing challenges, particularly environmental and social issues, and provide additional transparency to investors.
  • “Transparency is a foundational component to our Impact Bonds program,” said Robert Koontz, the head of Capital Markets for Freddie Mac Multifamily.
  • $5 billion in Green Bonds since 2019: Green Bonds are backed by Multifamily loans that incentivize energy- and water-efficiency improvements at workforce housing properties.

Stephen Vicinelli and Catherine Dun Rappaport Join Social Finance to Develop a One-Stop Solution for Impact-First Investing

Retrieved on: 
Wednesday, March 22, 2023

BOSTON, March 22, 2023 /PRNewswire/ -- Today, Social Finance, the national impact finance and advisory nonprofit, announced that Stephen Vicinelli and Catherine Dun Rappaport have joined its leadership team. In response to the rapid growth of the impact investing market, Vicinelli and Dun Rappaport are developing a fund focused entirely on impact-first investments that aim to deliver measurable positive social and/or environmental outcomes. Launching later this year, Social Finance anticipates that this impact-first fund will be an open-ended fund of funds providing a one-stop solution for investors seeking access to a diversified portfolio of catalytic, impact-first investments in a variety of asset classes and across a range of impact themes, including climate, affordable housing, economic mobility, financial inclusion, health, and small business ownership. Vicinelli and Dun Rappaport have developed a detailed, repeatable investment process that includes both financial and impact due diligence, as well as a robust framework for impact measurement and management.

Key Points: 
  • Together, Vicinelli and Dun Rappaport bring nearly 60 years of experience in finance and impact assessment to Social Finance's impact investments team.
  • BOSTON, March 22, 2023 /PRNewswire/ -- Today, Social Finance, the national impact finance and advisory nonprofit, announced that Stephen Vicinelli and Catherine Dun Rappaport have joined its leadership team.
  • Before Social Finance, Vicinelli served as Deputy Chief Investment Officer for TIFF Investment Management, a provider of investment solutions to the nonprofit community.
  • We're fortunate to recruit Stephen and Catherine to drive these exciting efforts," Social Finance CEO and Co-Founder Tracy Palandjian said.

Freddie Mac Multifamily Issued $65 Billion in 2022 Securities

Retrieved on: 
Thursday, January 12, 2023

MCLEAN, Va., Jan. 12, 2023 (GLOBE NEWSWIRE) -- Freddie Mac (OTCQB: FMCC) issued $65.1 billion of securities through its Multifamily risk transfer platform in 2022.

Key Points: 
  • MCLEAN, Va., Jan. 12, 2023 (GLOBE NEWSWIRE) -- Freddie Mac (OTCQB: FMCC) issued $65.1 billion of securities through its Multifamily risk transfer platform in 2022.
  • Freddie Mac Multifamily also increased issuance through its Multi PCs® to $11.6 billion, up from $7 billion in 2021, leveraging MSCR Notes and MCIP reinsurance tools for back-end risk transfer.
  • “In the face of turbulent capital markets, Freddie Mac continued to provide a steady issuance of Multifamily securities throughout 2022,” said Robert Koontz, senior vice president of Multifamily Capital Markets for Freddie Mac.
  • Freddie Mac grew its Multi PC issuance from $7 billion in 2021 to a record $11.6 billion in 2022.

LACERA Pension Spending Boosts L.A. County Economy by More Than $2 Billion

Retrieved on: 
Monday, December 12, 2022

The Beacon Economics report quantified the direct economic impact of LACERA pensioner spending in Los Angeles County across multiple categories, finding that it generated more than $1.2 billion in direct economic activity.

Key Points: 
  • The Beacon Economics report quantified the direct economic impact of LACERA pensioner spending in Los Angeles County across multiple categories, finding that it generated more than $1.2 billion in direct economic activity.
  • The secondary impact of the LACERA pensioner spending in Los Angeles County is also substantial.
  • In total, more than $2.9 billion in economic activity was produced statewide because of pension benefits provided by LACERA to those retirees.
  • The report quantifiably demonstrates that LACERA pension spending has resulted in billions of dollars in economic activity and generated substantial employment.

Proactive news headlines including American Rare Earths, Moho Resources, Golden Rim Resources and Duke Exploration

Retrieved on: 
Thursday, July 14, 2022

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Key Points: 
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    Golden Rim Resources Ltd (ASX:GMR) has identified extensive additional oxide gold target areas in an auger drilling program at Beroko Prospect within the Kada Gold Project in Guinea.
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    Critical Resources Ltd (ASX:CRR) continues to set a fast pace with encouraging results from Mavis Lake Lithium Project in Ontario, Canada.
  • Proactive has produced over 300,000 articles and 20,000 executive interviews since it was established in 2006.
  • For more information on how Proactive can help you make a difference, email us at [email protected]

Freddie Mac Multifamily Impact Bonds Surpass $10 Billion Mark

Retrieved on: 
Thursday, May 5, 2022

MCLEAN, Va., May 05, 2022 (GLOBE NEWSWIRE) -- Freddie Mac (OTCQB: FMCC) Multifamily released its annual Impact Bonds Report detailing the companys successful efforts to issue more than $10 billion in Green, Social and Sustainability Bonds since 2019.

Key Points: 
  • MCLEAN, Va., May 05, 2022 (GLOBE NEWSWIRE) -- Freddie Mac (OTCQB: FMCC) Multifamily released its annual Impact Bonds Report detailing the companys successful efforts to issue more than $10 billion in Green, Social and Sustainability Bonds since 2019.
  • The Impact Bonds offerings were created to provide investors an opportunity to support multifamily properties that address persistent housing challenges, particularly environmental and social issues.
  • Freddie Mac doubled our total Impact Bond issuance in 2021 underscoring our efforts to support rental housing that is green, affordable and meets the diverse needs of communities throughout the country, said Robert Koontz, the head of Capital Markets for Freddie Mac Multifamily.
  • The report provides highlights from the three bond programs that fall under Freddie Mac Multifamilys impact umbrella:
    $4.6 billion in Green Bonds: Green Bonds are backed by Multifamily loans that incentivize energy- and water-efficiency improvements at workforce housing properties.

Sandra Salstrom Joins Social Finance as Vice President, Government Relations

Retrieved on: 
Wednesday, March 2, 2022

Today, Social Finance, the national impact finance and advisory nonprofit, announced that Sandra Salstrom will lead its Washington, D.C.-based government partnerships as Vice President, Government Relations.

Key Points: 
  • Today, Social Finance, the national impact finance and advisory nonprofit, announced that Sandra Salstrom will lead its Washington, D.C.-based government partnerships as Vice President, Government Relations.
  • Salstrom most recently worked as a legislative representative for the American Federation of Government Employees.
  • In her new role at Social Finance, Salstrom will work with government partners at the federal, state, and local levels to advance the nonprofits mission to measurably improve lives.
  • Social Finance has pioneered a set of innovative outcomes-based funding strategies in the U.S. over the past decade, including the Social Impact Bond.

Freddie Mac Multifamily Securitized a Record $80.6 Billion in 2021

Retrieved on: 
Tuesday, January 11, 2022

MCLEAN, Va., Jan. 11, 2022 (GLOBE NEWSWIRE) -- Freddie Mac (OTCQB: FMCC) issued a record $80.6 billion of multifamily securities in 2021 affirming the companys leadership and innovation in risk transfer.

Key Points: 
  • MCLEAN, Va., Jan. 11, 2022 (GLOBE NEWSWIRE) -- Freddie Mac (OTCQB: FMCC) issued a record $80.6 billion of multifamily securities in 2021 affirming the companys leadership and innovation in risk transfer.
  • In 2021, the company settled:
    Beyond record issuance volume, Freddie Mac Multifamily continued to optimize and innovate in 2021 with the introduction of our when-issued K-Deals, more PC volume and further use of our backend risk transfer technologies, said Robert Koontz, senior vice president of Multifamily Capital Markets at Freddie Mac.
  • In 2021, Freddie Mac Multifamily introduced the When-Issued K-Deal , providing investors with an opportunity to purchase certain K-Deal certificates prior to K-Deal settlement.
  • Freddie Mac grew its Multi PC issuance from $6 billion 2020 to a record $7 billion in 2021.

IBO Technology Announces 2021 Interim Results

Retrieved on: 
Tuesday, November 30, 2021

HONG KONG, Nov 30, 2021 - (ACN Newswire) - IBO Technology Company Limited ("IBO Technology", or the "Company", together with its subsidiaries, the "Group"; Stock Code: 2708.HK) is pleased to announce its unaudited interim results for the six months ended 30 September 2021 (the "Period").

Key Points: 
  • HONG KONG, Nov 30, 2021 - (ACN Newswire) - IBO Technology Company Limited ("IBO Technology", or the "Company", together with its subsidiaries, the "Group"; Stock Code: 2708.HK) is pleased to announce its unaudited interim results for the six months ended 30 September 2021 (the "Period").
  • The Board of Directors did not recommend the distribution of interim dividend.
  • According to the Ministry of Industry and Information Technology of the PRC ("MIIT"), construction of 5G network for 10 key industries will be the focus to form 20 major and typical industrial application scenarios.
  • Information technology application innovation ("ITAI") industry has been one of the key technological aspects in the construction of "Digital China".