Our Equity Journey

As an organization that for decades has been at the forefront of efforts to build strong, sustainable communities, we are having
to ask ourselves two fundamental questions in the face of the suffering caused by COVID-19: What are our responsibilities to
the communities we serve, and do we have the responsibility to
do more?

Although those two questions have a new urgency in this
time of crisis, they have always been at the heart of our
planning and our work at Capital Impact Partners.

Ellis Carr
President and CEO

Dan Varner
Board Chair

Impact Highlights

$ 0
MILLION LOANS CLOSED
0
PEOPLE SERVED
0
JOBS CREATED
0
AFFORDABLE HOUSING UNITS
0
STUDENTS SERVED
0
HEALTH CARE PATIENTS
0
HEALTHY FOOD CUSTOMERS

Stories of Impact

“Our task is not only to develop this permanent supportive housing project but also to build an inclusive community and to work in close collaboration with our stakeholders to maintain ongoing stewardship of that community.”

– Macy Leung, Depot Community Apartments Project Manager, Allied Housing

“Our drivers are already economic experts in this industry. It’s a great opportunity to put them to work and transform the political economy.”

– Erik Forman, Independent Drivers Guild Education Director

“It was not unusual for me to be one of two women in the boardroom and that felt like a heavy lift. I needed to work on not being pegged in a single pigeon hole and get people to really understand the inequities I was fighting against.”

– Jane Garcia, CEO, La Clínica de La Raza

“In terms of working with people, and the impact you can have on people, there are a lot of communities that haven’t been invested in in a long time…the opportunity to do development [in Detroit] is a once-in-a-lifetime opportunity.”

– Clifford Brown, Managing Partner, Woodborn Partners

Fostering Deep Connections with Communities

We fundamentally believe that fostering deep connections with communities to understand their intrinsic strengths and unique characteristics allows us to create tailored initiatives and loan programs to overcome historic inequities and drive social and economic justice.

Based on that principle, we cluster our investments in five core geographies including California, Michigan and the Great Lakes, New York, Texas and Washington, D.C.

In the maps below you will see a snapshot of how we apply this strategy in two focus areas, including the Washington, D.C. metropolitan area as well as Detroit and greater Michigan.

Washington, D.C. Program Highlights

D.C. Housing Preservation Fund

Preserving affordable housing that supports mixed-use, mixed-income neighborhoods across the District

  • $28 million in financing
  • 860 affordable homes preserved
  • 1,960 residents supported; 1,948 with low-to-moderate incomes


D.C. Housing Preservation Fund Deals:

  • Ridgecrest Village
  • Worthington Woods
  • 1101 Euclid
  • Cascade Park
  • 2384 Champlain


Partner: Washington, D.C. Department of Housing and Community Development

Entrepreneurs of Color Fund

Working to forge new pathways for entrepreneurship by pairing low-cost capital with business advisory services to help entrepreneurs of color start and grow businesses, create jobs, and build wealth

  • $2 million deployed 
  • 598 small businesses assisted with loans and technical assistance across D.C., Maryland, and Virginia
  • 491 quality jobs created or retained
  • 75% low-to-moderate income individuals served

Funding Partners: JPMorgan Chase, A. James & Alice B. Clark Foundation

Lending Partners: Washington Area Community Investment Fund (Wacif), Latino Economic Development Center (LEDC)

Equitable Development Initiative

Helping ensure that real estate developers truly reflect their city’s diversity and that minority real estate developers are able to participate in growth and revitalization efforts

  • 34 local developers of color selected to receive training, one-on-one mentorship, and connections to capital

 

Funding Partners: JPMorgan Chase, A. James & Alice B. Clark Foundation

Training Partners: Housing Association for Non-Profit Developers (HAND), Washington Area Community Investment Fund (Wacif), and other local mentors

Detroit and Greater Michigan Highlights

Detroit and Great Lakes Region Highlights

Promoting inclusive growth through multi-family residential properties and mixed-use real estate in key corridors through the city

  • $162.5 million in financing
  • 15 projects supported
  • 259 housing units created
  • 1,485 students served

Michigan Good Food Fund

Providing financing and grants to good food enterprises working to increase access to affordable and healthy food across Michigan

  • $788,500 in financing
  • $250,000 in grants
  • 12 good food enterprises supported

Equitable Development Initiative

Helping to ensure that real estate developers truly reflect their city’s diversity and that minority real estate developers are able to participate in growth and revitalization efforts

  • 19 local developers of color selected to receive intensive training through training sessions, one-on-one mentorship advice, and connections to capital

Funding Partners: JPMorgan Chase, Kresge Foundation, Ford Foundation

Training Partners: 50+ local organizations and companies

Equity Highlights

As a Community Development Financial Institution, our mission is to break down the barriers that communities experiencing historical disinvestment and systemic racism find between themselves and their goals. Knowing the barriers these issues create, Capital Impact continually focuses on integrating equity more deeply within our strategy as well as the very framework of our organization.

To ensure we continue to increase our impact along this journey, we have created our first Equity Vision statement with guidance from The Justice Collective, which you can read here. In addition, we are now publicly tracking progress in how we support this vision both internally and through our work with communities.

Supporting Developer Diversity Through Financing

0
Developers / Business
Owners of Color
0
Female Developers / Business Owners
0
Developers / Business Owners - Low-to-Moderate Income

Developers/Business owners may be included in multiple categories.

Equitable Development Initiative Participants

0
Trained in Detroit
0
Trained in Washington, D.C.

Entrepreneurs of Color Fund

$ 0
million in loans deployed
0
small businesses assisted with loans and technical assistance across the Washington, D.C., Virginia, Maryland region
0
quality jobs created or retained
0 %
low-moderate income residents served

Supporting Staff Diversity

*As of 12/31/2019 Graphic updated once per year Female Individuals of Color
Capital Impact Staff 63% 55%
Officers 67% 50%
Lending Team 55% 38%
Board of Directors 27% 45%

Our Equity Vision Statement

Capital Impact Partners envisions a world where everyone prospers. We embody equity as a workplace by embedding such in our structure, culture, policy, and products. In partnership with community, we endeavor to shatter the barriers created by systemic oppression in the pursuit of equitable access to resources that promote generational wealth development.

Press Coverage Highlights

Financial Highlights

Board, Partners, Funders, and Investors

Wilson H. Beebe, Jr.

President (Retired), Thanexus, Inc.

Alaina C. Beverly

Assistant Vice President, Urban Affairs, Office of Federal Relations at the University of Chicago

Jennifer Smith Dolin

Vice President of Operations, Mercy Housing California

Casey P. Fannon

President, The National Cooperative Bank, N.A.

Pedro I. Goitia – Board Vice Chair

Partner (Retired), KPMG

Paul Hazen

Executive Director, U.S. Overseas Cooperative Development Council

Eli Kennedy

Chief Executive Officer, SMASH

Gail Markulin

Director (Retired), Capital Markets, Federal Home Loan Bank – Office of Finance

Ray Moncreif

Executive Vice President and Chief Executive Officer, Outdoor Venture Corporation

Dan Varner – Board Chair

Chief Executive Officer, Goodwill Industries of Greater Detroit

David B. Vliet

Chief Executive Officer, LifeLong Medical Care

Our Mission

Through capital and commitment, Capital Impact Partners helps people
build communities of opportunity that break barriers to success.

Stay Connected

Capital Impact Partners
2019 Annual Report

Our Equity Vision Statement

Looking back at our journey through 2018, both as an organization and as a country, it is no surprise to us that Merriam-Webster’s “word of the year” was justice. The meaning and implications of justice were central to important conversations taking place in communities across the United States.While we are pleased to see attention brought to this critical topic, justice – or the lack thereof – is an issue that we have wrestled with for decades.

Ellis Carr
President and CEO

Dan Varner
Board Chair

Impact Highlights

$ 0
MILLION LOANS CLOSED
0
PEOPLE SERVED
0
JOBS CREATED
0
AFFORDABLE HOUSING UNITS
0
STUDENTS SERVED
0
HEALTH CARE PATIENTS
0
HEALTHY FOOD CUSTOMERS

Stories of Impact

“Our task is not only to develop this permanent supportive housing project, but to build an inclusive community, and to work in close collaboration with our stakeholders to maintain ongoing stewardship of that community.”

– Macy Leung, Depot Community Apartments Project Manager, Allied Housing

“Our drivers are already economic experts in this industry. It’s a great opportunity to put them to work and transform the political economy.”

– Erik Forman, Independent Drivers Guild Education Director

“It was not unusual for me to be one of two women in the boardroom and that felt like a heavy lift. I needed to work on not being pegged in a single pigeon hole and get people to really understand the inequities I was fighting against.”

– Jane Garcia, CEO, La Clínica de La Raza

“In terms of working with people, and the impact you can have on people, there are a lot of communities that haven’t been invested in in a long time…the opportunity to do development [in Detroit] is a once-in-a-lifetime opportunity.”

– Clifford Brown, Managing Partner, Woodborn Partners

Fostering Deep Connections with Communities

We fundamentally believe that fostering deep connections with communities to understand their intrinsic strengths and unique characteristics allows us to create tailored initiatives and loan programs to overcome historic inequities and drive social and economic justice.

Based on that principle, we cluster our investments in five core geographies including California, Michigan and the Great Lakes, New York, Texas, and Washington, D.C.

In these two maps you will see a snapshot of how we apply this strategy in two focus areas including the Washington, D.C. metropolitan area as well as Detroit and greater Michigan.

Washington, D.C. Program Highlights

D.C. Housing Preservation Fund

Preserving affordable housing that supports mixed-use, mixed-income neighborhoods across the District.

  • $28 million in financing
  • 860 affordable homes preserved
  • 1,960 residents supported; 1,948 with low-to-moderate incomes


D.C. Housing Preservation Fund Deals:

  • Ridgecrest Village
  • Worthington Woods
  • 1101 Euclid
  • Cascade Park
  • 2384 Champlain


Partner: Washington, D.C.’s Department of Housing and Community Development

Entrepreneurs of Color Fund

Working to forge new pathways for entrepreneurship by pairing low-cost capital with business advisory services to help entrepreneurs of color start and grow businesses, create jobs, and build wealth.

  • $2 million deployed 
  • 598 small businesses assisted with loans and technical assistance across D.C., Maryland, and Virginia
  • 491 quality jobs created or retained
  • 75% low-to-moderate income individuals served

Funding Partners: JPMorgan Chase, A. James & Alice B. Clark Foundation

Lending Partners: Washington Area Community Investment Fund (Wacif), Latino Economic Development Center (LEDC)

Equitable Development Initiative

Helping ensure that real estate developers truly reflect their city’s diversity and that minority real estate developers are able to participate in growth and revitalization efforts.

  • 34 local developers of color selected to receive training, one-on-one mentorship, and connections to capital

 

Funding Partners: JPMorgan Chase, A. James & Alice B. Clark Foundation

Training Partners: Housing Association for Non-Profit Developers (HAND), Washington Area Community Investment Fund (Wacif), and other local mentors

Detroit and Great Michigan Highlight

Detroit Program Lending Highlights

Promoting inclusive growth through multi-family residential properties and mixed-use real estate in key corridors through the city.

  • $162.5 million in financing
  • 15 projects supported
  • 259 housing units created
  • 1,485 students served

Michigan Good Food Fund

Providing financing and grants to good food enterprises working to increase access to affordable and healthy food across Michigan

  • $788,500 in financing
  •  $250,000 in grants
  • 12 good food enterprises supported

Equitable Development Initiative

Helping to ensure that real estate developers truly reflect their city’s diversity and that minority real estate developers are able to participate in growth and revitalization efforts.

  • 19 local developers of color selected to receive intensive training through training sessions, one-on-one mentorship advice, and connections to capital

Funding Partners: JPMorgan Chase, Kresge Foundation, Ford Foundation

Training Partners: 50+ local organizations and companies

Equity Highlights

As a Community Development Financial Institution, our mission is to break down the barriers that communities experiencing historical disinvestment and systemic racism find between themselves and their goals. Knowing the barriers these issues create, Capital Impact continually focuses on integrating equity more deeply within our strategy, as well as the very framework of our organization.

To ensure we continue to increase our impact along this journey, we have created our first Equity Vision statement with guidance from The Justice Collective, which you can read here. In addition, we are now publicly tracking progress in how we support this vision both internally and through our work with communities.

Supporting Developer Diversity Through Financing

0
Developers/Business
Owners of Color
0
Female Developers/Business Owners
0
Developers/Business Onwers - Low-to-Moderate Income

Equitable Development Initiative Participants

0
Trained in Detroit
0
Trained in Washington, D.C.

Entrepreneurs of Color Fund

$ 0
million in loans deployed
0
small businesses assisted with loans and technical assistance across the Washington, D.C., Virginia, Maryland region
0
quality jobs created or retained
0 %
low-moderate income residents served

Staff Equity

*As of 12/31/2019 Graphic updated once per year Female Individuals of Color
Capital Impact Staff 63% 55%
Officers 67% 50%
Lending Team 55% 38%
Board of Directors 27% 45%

Our Equity Vision Statement

Capital Impact Partners envisions a world where everyone prospers. We embody equity as a workplace by embedding such in our structure, culture, policy and products. In partnership with community, we endeavor to shatter the barriers created by systemic oppression in the pursuit of equitable access to resources that promote generational wealth development.

Blog Highlights

Our Equity Vision Statement

Financial Highlights

Board, Partners, Funders, and Investors

Wilson H. Beebe, Jr.

President (Retired), Thanexus, Inc.

Alaina C. Beverly

Assistant Vice President, Urban Affairs, Office of Federal Relations at the University of Chicago

Jennifer Smith Dolin

Vice President of Operations, Mercy Housing California

Casey P. Fannon

President, The National Cooperative Bank, N.A.

Pedro I. Goitia – Board Vice Chair

Partner (Retired), KPMG

Paul Hazen

Executive Director, U.S. Overseas Cooperative Development Council

Eli Kennedy

Chief Executive Officer, SMASH

Gail Markulin

Director (Retired), Capital Markets, Federal Home Loan Bank – Office of Finance

Ray Moncreif

Executive Vice President and Chief Executive Officer, Outdoor Venture Corporation

Dan Varner – Board Chair

Chief Executive Officer, Goodwill Industries of Greater Detroit

David B. Vliet

Chief Executive Officer, LifeLong Medical Care

Our Mission

Through capital and commitment, Capital Impact Partners helps people
build communities of opportunity that break barriers to success.