Search results
Results from the WOW.Com Content Network
In mid-2012, the New York State Department of Labor (DOL) selected Social Finance US as its Intermediary partner in structuring an application for federal funding for a Social Impact Bond. In 2013, New York approved $30 million in its budget to support Social impact bonds over the subsequent five years.
The social impact bond is a non-tradeable version of social policy bonds, first conceived by Ronnie Horesh, a New Zealand economist, in 1988. [13] Since then, the idea of the social impact bond has been promoted and developed by a number of agencies and individuals in an attempt to address the paradox that investing in prevention of social and health problems saves the public sector money, but ...
Impact bonds: These unique financial instruments offer investors the opportunity to finance social programs with the expectation of receiving a financial return if the program achieves its goals ...
Notable examples of social finance instruments are social impact bonds and social impact funds. [9] Since the 2007–2008 financial crisis, the social finance industry has been experiencing a period of accelerated growth as shifts in investor sentiment have increased demand for ethically responsible investment alternatives by retail investors.
The New York State Constitution, Art.X, sec. 5, provides that public benefit corporations may only be created by special act of the legislature. In City of Rye v. MTA, 24 N.Y.2d 627 (1969), the court of appeals explained that "The debates of the 1938 Convention indicate that the proliferation of public authorities after 1927 was the reason for the enactment of section 5 of article X....
Bond Bank Agency's (NY) revenue bondsGlobal Credit Research - 25 Mar 2022New York, March 25, 2022 -- Moody's Investors Service has assigned a Aa3 enhanced rating to the State of New York Municipal ...
Rhode Island Coalition to End Homelessness is starting a "pay for success" program for supportive housing that rewards investors if residents do well.
Examples of MRIs include loans to mission-aligned non-profit organizations (e.g., charter schools, hospitals or research centers) that are expected to pay back loans with interest, as well as investments in for-profit social impact companies, social impact funds, socially responsible fixed income (bond) funds, impact-oriented private equity ...