Creating New Opportunity for Communities with Innovative Lending
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Pictured:
In partnership with VCC, the Mary Reynolds Babcock Foundation provided a participation loan to Fahe, a CDFI, in order to begin construction on community facilities in the Appalachia region.
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This month, we share a story from Virginia Community Capital (VCC), LOCUS' parent company, about how a creative impact investment from a private foundation allowed a CDFI to further its mission of ending poverty in Appalachia...
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Spotlighting Kansas Community Foundations
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LOCUS and our partners at the Aspen Institute Community Strategies Group facilitated the second gathering of the Kansas Community Philanthropy Innovators Network in Coffeyville, Kansas. The Network’s goal is to build the skills and capacity of community foundations to play more strategic roles in local economic development. Together, representatives from four Kansas communities shared their experiences and methods for catalyzing community capital through local impact investing. The Network is comprised of Hutchinson Community Foundation, Topeka Community Foundation, Norton County Community Foundation and Coffeyville Area Community Foundation. Further, the Network is supported by a grant from the Kansas Health Foundation.
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Gathering Institutional Investors at the Ballpark
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At the recent SunTrust Institutional Investor Conference, LOCUS shared models on how philanthropies are identifying and investing in entrepreneurial local partners, intermediaries and nonprofits.
In addition to providing our perspective on trends in local impact investing, LOCUS was invited to hear presentations on the state of global and domestic markets. Check out our staff’s takeaways
here.
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A New Initiative for Community Impact
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Pictured:
CIGP investors and partners in The Pecan Room at Old Parkland in Dallas, Texas.
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LOCUS was joined in Dallas, Texas by representatives from 10 different philanthropic institutions and one healthcare system to discuss the launch of the Community Investment Guarantee Pool, the first domestic, multi-investor pool of guarantees for lending intermediaries involved in the affordable housing, small business and climate sectors.
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During the gathering, participants examined use cases, impact evaluation methods, program guidelines and operating principles. LOCUS is grateful to all of the participants who came together to make this ground breaking initiative possible.
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2019 Learning Exchange: What's Next
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Virginia Community Capital, LOCUS' parent company, has opened registration for the 2019 Learning Exchange. The event, titled "What's Next," will assemble five different TED-style speakers on trends impacting communities such as housing, impact investing and clean energy. For more information on registration and remote viewing opportunities, click
here.
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Forbes published the first article in a series on Opportunity Zones, "
How to do Opportunity Zones Right." The project aims to highlight developments in the field that seek to meet the Opportunity Zone legislation's original intent of revitalizing underserved communities.
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Oct.17-19 | Colorado Springs,CO
Deb Markley will present with Ellen Ray, Still Water Foundation, on Big Impact for Small Towns through Regional Collaboration.
Oct. 20-23 | Washington, DC
LOCUS staff will speak during a panel discussing the new CIGP initiative.
Oct. 22 | Charlottesville, VA
The Opportunity VA team will lead a kickoff event at University of Virginia's Darden School of Business.
Oct. 27-29 | Wichita, KS
Members of the LOCUS team will host two sessions during the event.
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LOCUS Capital, Inc. is a Registered Investment Advisor Firm. Advisory services are only offered to clients or prospective clients where LOCUS Capital, Inc. and its representatives are properly licensed or exempt from licensure. LOCUS Capital, Inc. and its representatives do not furnish investment advice or services through this website. Past performance is no guarantee of future returns.
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