Aligning Grants with Impact Investments Can Help Catalyze the Growing Impact Investing Field
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Living Cities and ImpactAssets have released a new paper, From Grants to Groundbreaking: Unlocking Impact Investments, that calls for tighter alignment of grantmaking with impact investments. Citing the successful model of the Bay Area Transit-Oriented Affordable Housing (TOAH) Fund, the paper argues that coordinated grant funds can be used to decrease investor risk, support socially driven financing models and catalyze the realization of larger impact investment opportunities. The Bay Area TOAH Fund used initial seed funding from the Metropolitan Transportation Commission to leverage additional private capital from foundations, financial institutions and CDFIs for the fund.
Read more at Living Cities’ blog, The CatalystMore Information:
- Learn more about the TOAH Fund
- Download the full paper
Source: Living Cities: The Catalyst Blog
