Author Archive

Capital Impact Partners’ First “Co-op Innovation Award” Provides $40,000 To Two Leading Cooperative Organizations

Arlington, VA (April 30, 2015)Capital Impact Partners announced today that it has awarded $40,000 to the Democracy at Work Institute and United States Federation of Worker Cooperatives through its first Co-op Innovation Award.  These organizations were chosen for their track record in providing high quality technical assistance to startup and existing co-ops as well as their leadership in scaling the cooperative model with a focus on low-income communities.

Capital Impact Partners Joins Federal Home Loan Bank of Atlanta Cooperative

Arlington, VA / Atlanta, GA (March 18, 2015) – Capital Impact Partners today announced that it has joined the Federal Home Loan Bank of Atlanta (FHLBank Atlanta) cooperative of eligible commercial banks, credit unions, savings institutions, community development financial institutions and insurance companies. As an FHLBank Atlanta member, Capital Impact has access to the competitively priced financing, community development grants and other banking services that help the more than 900 of the Bank’s member financial institutions grow and prosper.

Capital Impact Partners Announces $45 Million-Plus in Fourth Quarter Lending

Detroit Revitalization, Community Health Centers and New Markets Tax Credits Are Key Elements of Project Financing in Underserved Communities

Arlington, VA (February 12, 2015) – Capital Impact Partners announced today that its 2014 fourth quarter lending to projects in underserved communities topped $45 million. Highlights of this financing included continued Capital Impact leadership in funding Federally Qualified Health Center (FQHC) projects to increase the availability of healthcare to low income residents, supporting inclusive housing growth in Detroit by closing the first loan through the organization’s partnership with JPMorgan Chase & Co., and leveraging New Markets Tax Credits (NMTC) to support a variety of projects.

Capital Impact Partners Joins Call Asking Congress to Support the Capital Magnet Fund

Tool is a Proven Solution for Affordable Housing in Underserved Communities

Washington, DC (January 27, 2015) – We can say with growing certainty that the economy is in recovery. Unemployment, the stock market, and other economic indicators have reached pre-recession levels. However, millions of low-income American families are still struggling to find stable, affordable housing.

According to a recent Zillow report, rents are up 52 percent nationally since 2000, while renters’ incomes have only increased 25 percent. More than half of households earning less than $30,000 a year spend half their income on rent, leaving little for necessities such as food, medical care, transportation, or savings. There is simply not enough housing affordable to poor households.

Capital Impact Partners’ Former Chief Operating Officer Named New Director of U.S. Department of Treasury’s CDFI Fund

Washington, DC (November 25, 2014) The U.S. Department of Treasury’s Community Development Financial Institutions Fund (CDFI Fund) today named Annie Donovan as its new Director. Ms. Donovan served as the Chief Operating Officer (COO) of Capital Impact Partners for more than eighteen years. As COO of Capital Impact, Ms. Donovan was responsible for leading the company’s efforts in community lending, technical assistance, strategy formation, product innovation and policy development.

Capital Impact Partners Helps Bring Innovative Skilled Nursing Care Model To Colorado

Leading Community Financial Development Institution Utilizes New Markets Tax Credits To Finance State’s First GREEN HOUSE® Project

Loveland, CO (October 21, 2014) – Capital Impact Partners, in partnership with the Loveland Housing Authority, today announced the opening of Colorado’s first ever GREEN HOUSE® Project facility. A radically new, national model for skilled nursing care, Green House homes are designed from the ground up to look and feel like a real home for 10-12 residents, returning control, dignity and a sense of well-being to elders and their families, while providing high-quality, personalized care.

Capital Impact Partners Tops $2 Billion in Loans Supporting Low Income Communities

Milestone achieved as part of third quarter lending efforts to increase housing, charter school and community health center access

Arlington, VA (October 8, 2014) – Capital Impact Partners announced today that its community development financing work topped the two billion dollar mark across the organization’s 30-year history. Capital Impact Partners has financed projects in underserved communities nationwide, helping more than 3 million low-to-moderate income people have increased access to better health care and education, healthy foods and alternative care options for older adults.

National Non-profit CRF, USA, Issues $200 Million in Federally Guaranteed Bonds

National Non-profit CRF, USA, Issues $200 Million in Federally Guaranteed Bonds

Top-rated Lenders Capital Impact Partners, IFF, Low Income Investment Fund and The Reinvestment Fund Will Support Economic Development Projects with Largest Issuance in Program’s History

MINNEAPOLIS – Oct. 14, 2014—On behalf of four of the nation’s leading community development financial institutions (CDFI), Community Reinvestment Fund, USA, has issued a $200 million bond; the largest bond issue in the first two rounds of the U.S. Treasury Department’s CDFI Bond Guarantee Program. The four CDFIs—Capital Impact Partners, IFF, Low Income Investment Fund and The Reinvestment Fund—will use bond proceeds to finance projects that will create jobs and increase access to critical services in underserved communities across the nation.

Capital Impact Partners Awarded $4 million from U.S. Department of Treasury’s Community Development Financial Institutions Fund

Washington, DC (August 26, 2014) Capital Impact Partners today received $4 million in award funding from the U.S. Department of Treasury’s Community Development Financial Institutions Fund (CDFI Fund). Capital Impact Partners will use this grant to expand its strategic financing efforts and support increased access to quality health care and education, healthy foods, affordable housing and dignified aging alternatives for underserved communities.

Capital Impact Partners and JPMorgan Chase & Co. Launch $30 Million Detroit Neighborhoods Fund

Fund provides financing for projects that increase access to affordable housing and fresh, healthy foods

Detroit, MI/Arlington, VA (July 10, 2014) – Capital Impact Partners and JPMorgan Chase & Co. today announced the launch of the $30 million Detroit Neighborhoods Fund supporting the revitalization of Detroit. The Fund provides financing for multi-family residential properties, mixed-use real estate and grocery stores. The goal is to increase housing options for those with low and moderate incomes and help eliminate “food deserts” or other areas with limited access to fresh, healthy foods.