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Sustainability News

A private bond market emerges for low-income community development

The sale of $150 million in S&P-rated bonds caps years of work by community development financial institutions—with federal support the Trump Administration wants to eliminate.

If you need an example of how catalytic public and private impact capital can open private capital markets for low-income communities, consider the scene at The Reinvestment Fund in Philadelphia as bids came in last week for the organization’s $50 million in S&P-rated bonds, only the second such bond offering ever.

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