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022			_a1938-2847
100			_9249 _aRosenman, Emily
245			_aCapital and conscience : _bpoverty management and the financialization of good intentions in the San Francisco Bay Area
260			_bUrban Geography, _c17 Dec 2018.
300			_a25 pages
500			_aKEYWORDS: USA; urban policy; financialization; poverty management; social impact investing; affordable housing; impoverishment
520			_aSocial impact investing differentiates itself from traditional investing by claiming to create public social benefits alongside private profits. Globally, municipal governments are increasingly looking to this model to fund urban social services and poverty management. Through a case study of social impact investing in affordable housing in the San Francisco Bay Area, I deconstruct the financial and ideological underpinnings of this model to understand how private profits are drawn from local geographies of impoverishment. Analyzing social impact investing as a poverty politics reveals how it places preexisting, state-subsidized systems of poverty management into social impact investing portfolios, dividing impoverished spaces into new hierarchies of deservingness by incorporating private investors’ visions of what will help low-income tenants. But these processes also fail to subsume social life within housing financed in this manner, as tenant practices subverting those idealized by the state and investors persist alongside the generation of private profits.
524			_aTo cite this article: Emily Rosenman (2018): Capital and conscience: poverty management and the financialization of good intentions in the San Francisco Bay Area, Urban Geography, DOI: 10.1080/02723638.2018.1557465
650		0	_9502 _aInvestment & Financialisaton _zInternational _zNorth America
856			_uhttps://www.tandfonline.com/doi/full/10.1080/02723638.2018.1557465 _yView item on publishers website
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