Policies and programs to encourage the creation of new and non-traditional sources of sustainable financing for economic and community development projects and programs, including leveraging philanthropic, private, and public partnerships in affordable housing, financial inclusion, and employment programs for at-risk populations.
Social enterprise financing
- IVN Launches Tandem Fund
- Dualis expands equity investment fund
Affordable Housing
- Introduction of first housing Real Estate Investment Trust (REIT) in Israel
Banking Alternatives
- Bank Supervisor issued new guidelines allowing for the creation of alternative financial institutions
- Cabinet authorizes independent credit scoring program
- Strum Committee issues recommendations about banking forums and competition
- Baris Committee issues report for the creation of credit unions/Government forms new regulator to oversee creation of credit unions
Social Capital Market
- Government awarded tender for creation of Social Investment Fund
- Social Finance – Israel issued two Social Impact Bonds, including a diabetes prevention program