The seriousness of the COVID-19 pandemic was hard to grasp in the beginning of 2020, but the inequities that it exposed have deep roots. And what we feared about the outcomes of the pandemic are ringing true: communities of color will be grappling with the long-term impacts for months, if not years to come. So the question remains: what must we do to flatten the curve when it comes to issues of social and economic injustice? It starts with putting the community first. I invite you to learn more about our efforts to uplift those solutions, as well as those who are exercising their agency to do the same.
The COVID-19 pandemic brought social and racial injustice and inequity to the forefront in 2020. The impacts were felt across many of the sectors in which we work. As in past times of crisis, we quickly pivoted our efforts to fill the gaps and provide communities with key support in their time of need.
In a first-of-its-kind effort, we joined with CDC Small Business Finance to launch a transformative new enterprise and innovate how capital and investments flow into historically disinvested communities to advance economic empowerment and equitable wealth creation.
Communities of color have a rich history tapping the cooperative model as a key economic tool to advance their communities. Through innovative programs and lending, we worked to ensure that disinvested communities can continue to build power through this movement.
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.
|Developers of Color||Female Developers||Low-to-Moderate Income Developers|
57% of Developers Financed
56% of Developers Financed
24% of Developers Financed
I have always wanted to fulfill the dream of developing the right projects in Detroit. Participating in this program will allow me to gather elements of the development process that I lack.
Luis Antonio Uribegan
Design Think Tank
This initiative will assist me in expanding to working on commercial/mixed-use developments and allow me to contribute to the communities of Detroit.
Ocie Property Management
In an effort to increase support for real estate developers of color spearheading mixed-use, multifamily housing projects in Detroit, we launched the Diversity in Development – Detroit Loan Fund. This Loan Fund builds on Capital Impact’s Equitable Development Initiative (EDI), a program comprised of training, mentorship, and financing to support historically underserved local developers. We are working to expand this program into other areas where we work.
*Loans provided by Washington Area Community Investment Fund (Wacif) and the Latino Economic Development Center (LEDC).
2020 was a tumultuous year as we saw how COVID-19 disproportionately impacted communities of color and witnessed thousands take to the streets to speak out on important issues of racial justice. We took this opportunity to support our staff and help them address important DEI issues by facilitating a variety of trainings to help our team better understand unconscious bias, emotional intelligence, and race relations. We are on an important journey that has neither a beginning nor an end.
Chief Human Resources Officer
|Capital Impact Staff||60%||64%|
|Executive Management Team||80%||60%|
|Program Development Team||45%||91%|
* As of 12/31/2020
Through capital and commitment, Capital Impact helps people build communities of opportunity that break barriers to success.