Why We’re Investing in “Our Region, Your Investment”
by Mary Bruce Batte and Wilton Corkern
We are retired. We consider ourselves financially secure, but not wealthy. We are “rich,” however, in many ways. Among the things that have enriched our lives has been our involvement in various social profit and philanthropic endeavors over the past four and a half decades. Affordable housing has always been an important component of that work. For example, Mary Bruce served on the board of ALIVE, an organization that provides food, early childhood education, and transitional housing to people in Alexandria. In addition, she spent much of her career in housing finance, including a brief stint in the 1970s at the Federal Housing Administration under Housing and Urban Development Secretary Patricia Harris. Wilton serves on the boards of the Corina Higginson Trust, the Washington AIDS Partnership, and WRAG.
When we learned about Our Region, Your Investment – an impact investing effort to address the affordable housing crisis in the Greater Washington region – we knew we wanted to invest some of our own funds to support this cause. We discussed it with our financial advisor and made the decision to participate. An Impact Note investment pays a return that is similar to a certificate of deposit, and it can bring about a significant positive impact on the availability of affordable housing in our community.
Ours is not a huge investment, but for us, it means a great deal to be part of a larger effort that pools funds from a variety of investors – philanthropies, businesses, and individuals like us – to achieve a goal that will benefit all of us in the region.
Our Region, Your Investment is an initiative of the Washington Regional Association of Grantmakers (WRAG) and Enterprise Community Loan Fund (Enterprise). For more information, go to: www.ImpactNote.com.