Representatives from Scioto Properties attended the Affordable Housing Finance Live Summit (AHF Live) Monday, November 15 through Wednesday, November 17 in Chicago, Illinois. It was an inspiring and educational conference; one session, “The Future of Social Impact Investing,” was perfectly timed for the giving season and the House passage of the Biden Administration’s Build Back Better Act.
Social impact investing is a general investment strategy that seeks to generate financial returns while also creating a positive social or environmental impact. Investors who follow impact investing consider a company's commitment to corporate social responsibility or the duty to positively serve society. The presenters, Evan Holladay and Bob Simpson, outlined three simple ways investors may execute impact-driven projects.
- Collaborate with existing non-profits and organizations with proven metrics and data that are already creating impact in the community.
- Create unique opportunities for the residents and the community.
- Create projects that are financially, environmentally, and socially conscious.
Scioto strives to make an impact in the communities we serve but recognize we can always be doing more. We are working to increase affordable, integrated, and supportive housing by expanding existing non-profit services and impact on the communities we both serve. By partnering with non-profits with a proven track record and success we can double its capacity, provide an additional source of revenue, and create affordable housing in a neighborhood that is surrounded by rising rent costs.
The partnerships we establish improve the life outcomes for families in our communities by creating opportunities that empower them to thrive in their financial, personal, and professional life. During this holiday season, Scioto will reflect on the following:
- What additional services or amenities can we provide?
- How can we help our providers find grants that are available and aligned with a project?
- Who can we partner with? Other impact Investors? Nonprofits?
- What non-profits own land and can financially benefit from redevelopment or rehabilitation?
- In what ways can we improve life outcomes for families living in our communities?
- How can we create environmentally, financially, and socially conscious projects?
We welcome your thoughts! Please let us know what impact investing looks like to you.
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