Impact Alpha reports on Capital Impact Partners' launch of a $100MM fixed-income security available for retail investors for as little as $1,000.
"Capital Impact’s notes further expand the pool of capital available for low-income, community-development lending. Earlier this month, CNote, based in Oakland, Calif., announced the expansion of its high-yield, low-risk savings product; deposits are pooled and invested in CDFIs. The Low-Income Investment Fund launched its online investment offering available to retail investors in 12 states. Earlier this year, The Reinvestment Fund and the Local Initiatives Support Corp., both CDFIs, offered S&P-rated bonds in the public markets."
Read the full article here.