What do Mardis Gras and impact investing have in common?

Calvert Foundation

 

Growing affordable housing across the Gulf Coast

Today on Mardi Gras, we tend to think of the parties and bead-throwing on Bourbon Street in New Orleans.
But while we enjoy these festivities, the reality for many people in New Orleans is different. Economic recovery after Hurricane Katrina remains uneven, which is reflected in the high poverty rates and shortage of affordable housing.

In response, Gulf Coast Housing Partnership (GCHP) was launched in 2005 to address affordable housing needs. We’ve been working with GCHP since 2008, and are pleased to share that we’ve renewed and increased their loan to $2 million so that they can continue scaling their work.

As we think about New Orleans today, let’s remember why it is so important that we invest for positive growth in the city.

 

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