News

Helping advisers and their clients create impact

December 4, 2019 | Impact Stories

When individuals or institutions hold deposits at a bank, the money doesn’t have to remain stagnant. “We see the potential for cash deposits to be a catalyst for impact,” says Eli Dalven, Impact Investing Associate at Loring, Wolcott & Coolidge (LWC), a trust office based in the heart of Boston. As a fiduciary, LWC has made a unique commitment to sustainable investing and community development, as one of the first trust offices to offer clients …

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Helping advisers and their clients create impact

November 25, 2019 | In the News

When individuals or institutions hold deposits at a bank, the money doesn’t have to remain stagnant. “We see the potential for cash deposits to be a catalyst for impact,” says Eli Dalven, Impact Investing Associate at Loring, Wolcott & Coolidge (LWC), a trust office based in the heart of Boston. As a fiduciary, LWC has made a unique commitment to sustainable investing and community development, as one of the first trust offices to offer clients …

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Housing Families First will use credit line to improve its campus to better serve clients

November 25, 2019 | Impact Stories

Borrower : Housing Families First Where : Richmond, VA Loan Amount : $250,000 Project Type : Line of Credit   Opportunity Since 2001, Housing Families First has helped families experiencing homelessness obtain the tools and resources to find – and maintain – stable housing. Building Neighbors, one of three programs, is designed to place vulnerable families – living in any of Richmond’s family shelters or the streets – in safe, affordable, and permanent homes. Hilliard …

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Credit line supports construction of Fort Monroe Visitor and Education Center

November 12, 2019 | Impact Stories

Borrower : Fort Monroe Foundation Where : Fort Monroe, VA Loan Amount : $250,000 Project Type : Line of Credit   Opportunity Designated a National Historic Landmark District and listed on the National Register of Historic Places and the Virginia Landmarks Register, Fort Monroe is evolving from a decommissioned U.S. Army Base to a richly diverse destination site. Fort Monroe is located in Hampton, Va., where the mouth of Chesapeake Bay meets the James River. …

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Bridge loan fuels La Cocina VA expansion in culinary careers and food outreach

October 22, 2019 | Impact Stories

Borrower : La Cocina VA Where : Arlington, VA Loan Amount : $300,000 Project Type : Bridge loan   Opportunity In 2012, Patricia “Paty” Funegra founded La Cocina VA, to combat unemployment, hunger, obesity, and food waste in the Washington, D.C. metro area. Paty founded La Cocina after a nearly 20-year career in international development with multilateral organizations that supported efforts in Latin American and Caribbean countries. Through the area’s only bilingual culinary job-training program, …

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Governor Northam Announces Launch of Opportunity Virginia

October 22, 2019 | In the News

Partnership between Commonwealth and Virginia Community Capital to create Opportunity Zone marketplace will help increase investment in low-income communities FOR IMMEDIATE RELEASE Date: October 22, 2019 Office of the Governor Contact: Alena Yarmosky Email: Alena.Yarmosky@governor.virginia.gov Virginia Department of Housing and Community Development Contact: Amanda Love Email: Amanda.Love@dhcd.virginia.gov CHARLOTTESVILLE—Governor Ralph Northam today announced the official launch of Opportunity Virginia, a new initiative designed to leverage the federal Opportunity Zone program. Governor Northam made the announcement during …

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RER Energy Group solar panels supply electricity for Salem Goodwill store

October 10, 2019 | Impact Stories

Borrower : RER Energy Group Where : Salem, VA Loan Amount : $260,000 Project Type : Construction and permanent loan   Opportunity For the next 25 years, Goodwill store managers in Salem, Va., will need to look no further than the roof – and sky – for electricity to power the retail location. RER Energy Group, a regional leader in renewable energy, saw an opportunity to install a solar system on top of the building. Rather …

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RRHA secures funding to build and renovate public housing units

October 8, 2019 | Impact Stories

Borrower : Roanoke Redevelopment and Housing Authority Where : Roanoke, VA Loan Amount : $719,000 and $802,250 Project Type : Commercial real estate loan   Opportunity The Roanoke Redevelopment and Housing Authority (RRHA) is committed to providing quality, affordable homes for residents. Currently, RRHA is working on expanding housing options for elderly and disabled residents. As part of the initiative, RRHA identified an opportunity to build eight new housing units in Roanoke’s West End in the …

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