Social investing receives boost

A deal reached between the Calvert Foundation and Incapital will dramatically increase the availability of community investment notes to investors throughout the U.S.

The Calvert Foundation, based in Bethesda, Md., offers Calvert Community Investment Notes as a way for investors to earn financial returns while combating poverty.

The notes pay a fixed rate of interest, up to 3 percent, determined when the note is purchased, and benefit communities through investments in areas like affordable housing, job creation, micro-lending and fair-trade agriculture.

Under the deal, Incapital, an investment bank based in Chicago, will offer the notes through its network of 400 brokerage houses, increasing Calvert’s reach from 30 outlets.

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