Author Archive

Capital Impact Partners Awarded $70 Million in New Markets Tax Credits

Award Will Help Attract Private Sector Capital Where Investment Most Needed

Arlington, VA (November 17, 2016) —The U.S. Department of the Treasury’s Community Development Financial Institutions Fund (CDFI Fund) has awarded Capital Impact Partners $70 million in New Markets Tax Credits (NMTC) allocation. This allocation enhances Capital Impact’s ability to incentivize private sector investors to partner in financing projects that increase access to critical social services in distressed communities, spur economic development, and create jobs. Capital Impact will use this new allocation to finance high-impact projects in cities like Detroit, Los Angeles, and Richmond, VA.

Preparing quesadillas for meal delivery

Small Grants Make a Big Impact in Increasing Healthy Food Access

By Olivia Rebanal, Director of Loan Programs

Farmers plant seeds in California's Central ValleyCalifornia may be an agricultural center of the nation, but more than one million Californians live in neighborhoods without easy access to a full service grocery store. This lack of access to fresh foods can lead to poor health outcomes and diet-related diseases, including diabetes, heart disease, and obesity.  Communities of color are disproportionately affected.  Capital Impact Partners has worked for years to address this issue, and to help more communities get access to grocery stores or mobile markets.

Students and administrators cut the ribbon opening Integrity Charter School

Capital Impact Partners’ Third Quarter Financing Supports Increased Access to Quality Education, Health Care, and Housing Throughout U.S.

$27 million in project financing will create social impact for underserved communities across five states

Arlington, VA (11/7/2016)Capital Impact Partners announced today that it provided $27 million in financing to projects delivering social impact to underserved communities across the U.S. during the third quarter of 2016. Charter school financing in multiple states represented a big focus during the quarter, with additional loans helping to increase access to quality health care in California, affordable housing in Detroit, and dignified elder care in Pennsylvania and Washington.  Of particular note is the fact that nearly half of the ventures represent continued relationships with existing borrowers.

Young children playing with a parachute in the school playground

School Facilities as a Catalyst for Community Development

By Abigail Suarez, Business Development Officer

A child’s access to education is the stepping stone to a lifetime of successes. Limited or inadequate access can put a child on a path toward a lifetime of struggle. In some communities, access to stellar facilities and a first-rate education is a given. In other communities, it’s a daily struggle against many factors: poverty, crumbling buildings, crime, and lack of resources among them. A community can want its children to have access to a first class education, but without the financial means to build and maintain schools, many places struggle to provide even adequate school facilities.

“Undesign the Redline:” Redefining the History of Redlining and Mortgage Lending

By Jason Anderson, Senior Director of Marketing & Communications

At Capital Impact Partners, we think about our efforts around affordable housing, healthy communities and inclusive growth in terms of both the past and the future. It is critical for us to understand the past when we think about how we develop projects and policies, who is at the table and what our level of intention is with each project we undertake.

Graphic depicting meeting the needs of a growing aging population

Age-Friendly Health Centers and California: A Proving Ground for Change

By Candace Baldwin, Director of Strategy, Aging in Community

Wouldn’t we all like to age in our homes and communities, surrounded by what is familiar, supported by a health care team that really understands who we are and how to serve us as individuals with unique needs? This kind of age-friendly health system has generally been an anomaly in the United States, particularly for low-income, older patients. Coupled with the fact that 90 percent of older adults want to age in their own homes, integrated care models are best supported at the community level.

Graphic representing all the sectors in which NMTCs are used

New Markets Tax Credits: A Proven Tool for Generating Opportunity in Low-Income Communities

By Scott Berman, Director, Policy and Development

The lack of capital for real estate projects, community facilities, and small businesses in low-income communities is a problem that spawns a host of other problems. When there is limited access to capital, there are fewer businesses and jobs, fewer sources of affordable housing, and fewer chances for these communities and their residents to enter the economic mainstream of American life. In short, the lack of capital perpetuates the lack of opportunity.

Why Millennials Should Care About Aging Boomers

By Kaitlyn Akin, marketing intern at the Calvert Foundation

I am willing to admit that, at first glance, investing in seniors doesn’t seem to be the sexiest of financial decisions. In a world where technology is constantly advancing and public dialogues are cluttered by a sea of ever-changing viral issues, the elderly are rarely the most popular conversation topic.

Volunteering and Connection in our Communities

At Capital Impact, we’re committed to building stronger communities. While we do this primarily through financing, we also recognize the importance of giving back to the communities in which we live and work.

Capital Impact staff celebrate our commitment to our communities throughout the year with individual contributions and volunteer activities. An annual volunteer event has also been part of Capital Impact’s summer all-staff retreat. This year we took our retreat to Detroit, MI, where we visited several of our project sites and learned more about our place-based strategy in the city.

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