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  • Leveraging a New Type of Social Impact Bond

    Wednesday, December 11, 03:30 pm - 04:30 pm
    404 A/B
    Roundtable Reviews
    Track 2: Financing Options, Real Estate, & Economic Development
    RCF has developed a new Social Impact Bond as an elegant method of paying for solutions of blighted housing and brownfields, and low rates of home ownership in urban communities. This new Social Impact Bond is an investment vehicle for private investors and requires establishing agreed upon and validated successful outcomes, and defining the target population for the intervention to insure that the Program is being delivered consistently. The Richmond Community Foundation has served as the focal point around which Program partners have built the financial infrastructure that facilitates the use of this social impact bond. RCF has brought together populations in need, a social program that can address that need, investors eager to make a positive impact, payers willing to pay investors principal plus interest based on a percentage of the savings derived from the intervention, and an intermediary. On this panel, RCF partners will show you how to work with your local community foundations and other community partners to issue, sell and manage the bond investments by the bondholders, coordinate the service providers who are actually delivering the services paid for by the bond proceeds, and oversee an independent evaluator.
    James Becker CJ Johnson
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