• A group of people cut the ribbon at the opening of a project financing by New Markets Tax Credit Allocations
  • Press Releases

    Melissa Stallings of Momentus Capital Wins “Diversity in Business” Award From the Washington Business Journal

    Ms. Stallings launched the Housing Equity Accelerator Fellowship and led the Equitable Development Initiative and Entrepreneurs of Color Fund in the D.C. area, helping diverse developers and small business owners receive pivotal financing, training and mentorship.

    MARCH 22, 2024 (Arlington, VA/San Diego, CA) – Melissa Stallings — the Director of Washington, D.C., Maryland, and Virginia (DMV) Initiatives for the Momentus Capital branded family of organizations — has been honored by the Washington Business Journal in the publication’s annual “Diversity in Business” awards.

    These awards recognize the entrepreneurial drive, creativity and success of the recipients. The honorees were judged based on their professional accomplishments, community leadership and philanthropy.

    Ms. Stallings joined Momentus Capital at the start of 2022 and has made a significant impact with her work over these past two years. She leads programs that help diverse entrepreneurs overcome barriers caused by systemic racism to grow their businesses, close the racial wealth gap, and create more affordable housing, jobs, and other opportunities for the communities they serve.

    “These are entrepreneurs who don’t often have easy access to capital compared to their counterparts,” Ms. Stallings said. “Through a number of resources, including flexible capital, technical assistance, educational programming, and by helping them expand their network, we’re hopefully leveling the playing field for them.”

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    Capital Impact Partners Named to ImpactAssets 50 For Seventh Straight Year, Retains Emeritus Impact Manager Distinction

    The ImpactAssets 50 is a publicly available, searchable resource of impact investment fund managers who deliver social and environmental impact as well as financial returns

    March 18, 2024 (Arlington, VA) – For the seventh straight year, Capital Impact Partners has been selected for the ImpactAssets 50 – a free, annual database for impact investors, family offices, corporations, foundations, and institutional investors that features a diversified listing of private capital fund managers delivering social and environmental impact as well as financial returns.

    Capital Impact Partners also remains on ImpactAssets’ Emeritus Impact Managers list, which illuminates impact fund managers that have achieved consistent recognition for at least five years on the ImpactAssets 50. Only 46 of the 155 fund managers on this year’s ImpactAssets 50 have received the Emeritus Impact Managers label.

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    Ellis Carr of Momentus Capital Named to the Washington Business Journal’s “Power 100” List for 2023

    OCTOBER 17, 2023 (Arlington, VA/San Diego, CA) – Ellis Carr, the president and CEO of Capital Impact Partners and CDC Small Business Finance, part of the Momentus Capital branded family of companies, has been named to the Washington Business Journal’s annual Power 100 list.

    “We assembled our annual Power 100 list of the most influential business leaders with the pending revival of Greater Washington top of mind,” wrote Washington Business Journal Editor-in-Chief Douglas Fruehling. “Who has the courage to stand up and discuss our problems without holding back? Who has the leadership skills — and, sometimes, the dollars — to make a difference? Who can we count on?”

    Mr. Carr was one of 25 business leaders featured in the “Big Money & Financiers” section, which includes “the bankers, investors, and private and public behemoths driving the Greater Washington economy.”

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    Innovative Cooperatives Receive $170,000 in Grants From Capital Impact Partners and National Cooperative Bank

    The ninth annual Co-op Innovation Awards supported four organizations’ work in Louisiana, Massachusetts, New York, and Washington state.

    October 3, 2023 (Arlington, VA) – Four innovative cooperatives in four cities have received a combined $170,000 in catalytic grant funding from Capital Impact Partners’ 2023 Co-op Innovation Awards, which aim to increase cooperative development in communities living with low incomes and/or communities of color. 

    This year’s awards, issued by Capital Impact Partners and National Cooperative Bank, are funding projects such as:

    • A composting company owned and staffed by formerly incarcerated individuals
    • A collaborative effort to convert multi-family housing into resident-owned co-ops
    • A training program for queer and trans farmers, and farmers of color
    • Professional development for maternal health workers who serve historically disinvested communities

    “The recipients of this year’s Co-op Innovation Awards are helping to strengthen the kinds of shared pillars — access to housing, employment, health care, and healthy foods — that help build healthy communities and generational wealth,” said Ellis Carr, president and CEO of the Momentus Capital branded family of organizations, which includes Capital Impact Partners, among others. “Capital Impact Partners was founded more than four decades ago as part of a federal effort to encourage co-op development, and supporting the co-op model continues to be one of our key sectors. In addition to these grants, we have disbursed more than $315 million in loans to support cooperative businesses since our founding.”

    “Providing support to spur new co-op development is critical in helping cooperatives grow and prosper across the United States,” said Casey Fannon, president and CEO of National Cooperative Bank. “We are proud to continue our support of the Co-op Innovation Awards, which fully align with our mission and help improve the lives of our communities.”

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    Aeris Issues Strong Ratings for the Momentus Capital Branded Family of Organizations

    AUGUST 3, 2023 (Arlington, VA/San Diego,CA) – The Momentus Capital branded family of organizations announced today that Aeris — a leading expert in the financial and impact performance of community development financial institutions (CDFIs) and other private impact loan funds — has recognized it with strong ratings in the areas of impact management, financial strength and performance, and contribution to public policy.

    Read the full press release.

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