The Mission-Driven Venture by Marc J. Lane

Author:Marc J. Lane [Lane, Marc J.]
Language: eng
Format: epub
ISBN: 9781118416792
Publisher: Wiley
Published: 2015-01-20T00:00:00+00:00

The Nonprofit Finance Fund's investment helped bring other partners to the table, including three different CDFIs and Goldman Sachs. The facility also received grant money from the American Reinvestment and Recovery Act, better known as President Obama's 2009 economic stimulus plan. The story of the Urban Health Plan hasn't ended, and won't for some time. If the project does not meet standards for impact set by the Treasury—jobs created, patients served, to name two metrics—investors could be forced to repay their tax credit. To avoid this disastrous outcome, the Nonprofit Finance Fund must rigorously verify that the project is compliant with the applicable impact standards, still more evidence of the value and importance of impact measurement.

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