More Investors to Social Impact Funding for Housing. Welcome, new economy.

Who is putting together a social impact bond package for housing? Bank of America

What does the bond package include?

• $2 billion of bonds to help fight inequality in Black and Hispanic communities
• “aims to fight longstanding inequities in America’s minority communities, which the coronavirus pandemic has exacerbated.”
• will also fund “entrepreneurship and venture capitalism that aims to boost minority-owned businesses and neighborhoods”

What are people saying about this?

“burden of responsibility to address racism, inequality, climate change and other critical issues is shifting, perhaps inexorably, from the federal government to corporations,” – John Streur, president and chief executive officer at Calvert Research and Management

Market Watch | Bank of America sells $2 billion of bonds to help fight inequality in Black and Hispanic communities