By Rachel Scher McLean / Posted on October 31st, 2011
Risa Lavizzo-Mourey was interviewed about Robert Wood Johnson Foundation’s recent $100M “impact capital” commitment, in the most recent edition of Forbes Magazine. This commitment is meant to signal to the market that health is the next frontier of impact investing.
In this interview, Dr. Lavizzo-Mourey highlighted The Green House Project as, “a powerful example of the kind of disruptive innovation we are interested in promoting through our impact capital commitment. Green House has the potential to transform the field of skilled-nursing care.”
The Green House Project, in partnership with NCB Capital Impact, have been awarded $10M through this “impact capital” program:
Our goal is to triple the number of Green House homes nationwide in the next three years. In order to meet that goal, the financing has to be there. That is why the first investment from our impact capital commitment is a $10 million low-interest credit facility to help finance new Green House projects specifically aimed at low-income seniors. Our partner, NCB Capital Impact, a national, non-profit community development finance institution, will leverage funding from other sources. Some experts anticipate our NCB funding to attract as much as five times more in additional investor funds for Green House homes.
Together with valuable partners like The Robert Wood Johnson Foundation and NCB Capital Impact, The Green House Project is in the business of social change. As Risa Lavizzo-Mourey puts it, “We wake up every day asking ourselves what we can do to make that change better, faster and to scale. This is our bottom line: The ways we give should and will evolve to enable us to achieve greater impact to improve the health and health care of all Americans.”
Click Here to read the full article in Forbes Magazine