The Community Investment Guarantee Pool (the Pool) was launched to offer funding risk mitigation.
The Pool, with guarantee commitments totaling $33.1 million, is a new tool for community development finance and the first of its kind in the U.S.
Organizers hope that it will catalyze more than $150 million in new community investments in small businesses, climate and affordable housing.
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According to a Private Capital, Public Good report recently released at the White House from a group of A-list impact investing and social enterprise specialists, the U.S. government can do a lot to spur the growth among the impact investing and social enterprise sectors.