New Lending Industry Alliance to Bolster Underserved Communities
2020
With a focus on economic empowerment, equitable wealth creation, and connecting institutional capital to communities of color, Capital Impact’s CEO Ellis Carr describes how the organization’s new alliance with CDC Small Business Finance is working to disrupt the financial sector to deliver a breadth of products and services under a focused strategy.
$12.5 million fund aims to help spur minority real estate development in Detroit
2020
Too often, traditional lending products did not serve borrowers of color very well due to a number of systemic inequalities that include lack of collateral, education, and networks. Capital Impact launched its Diversity in Development Detroit Loan Fund with a focus on addressing these structural issues and spurring minority real estate development in the city.
Op-Ed: CDFIs have untapped potential as game changers for minority-owned businesses
2020
In this op-ed, Tim Ferguson, founder and chairman of Next Street, makes the case for how CDFIs can help small business entrepreneurs access the capital they need to build and expand their businesses. He cites the alliance between Capital Impact and CDC Small Business Finance as a promising example for how this can be accomplished in the coming years.
Op-Ed: Transformative Power of Co-ops
2020
The cooperative model challenges the status quo and offers workers, especially workers of color, an alternative to longstand economic extractive systems, notes Alison Powers, Capital Impact’s Cooperative & Community Initiatives Manager. In this op-ed, she lays out the case for how co-ops remain a powerful tool to disrupt income inequality, and steward community ownership and asset building.
New model offers way to provide assisted living beyond traditional boundaries
2020
The barriers and challenges to affordable senior living are numerous, especially for residents with low incomes. To combat this, Capital Impact is supporting a new model that enables residents living in subsidized senior and public housing to access fully licensed, affordable assisted living services traditionally delivered in stand-alone facilities.
Black-owned firm leads redevelopment of historic row homes in Hubbard Farms
2020
Detroit natives W. Emery Matthews and Stan Edwards have long understood the corrosive impact of vacant buildings on their neighborhoods. That is why Capital Impact was proud to support the efforts of their Black-owned real estate firm to rehab an 1800s building into a new affordable housing building as part of a targeted neighborhood development plan developed with the community.
Impact investing seeks to address racial inequality
2020
With $4 million in backing from JPMorgan Chase, Capital Impact Partners’ alliance with CDC Small Business Finance made international news, including the Financial Standard in Australia. The alliance will focus on creating equitable growth in communities of color by backing small businesses and key social services – many of which are suffering as a result of COVID-19.
Agents of Impact toppling systemic racism in finance
2020
The movement for racial justice has cast a spotlight on systemic and anti-Black racism in finance. We are proud that Capital Impact’s president and CEO was recognized amongst other Black leaders who are “dismantling age-old excuses, biases and malpractices…that lead to inefficient allocation of capital, underfunded founders of color and unrealized solutions to community needs.”
Diversity in Commercial Real Estate Takes Center Stage
2020
The Diversity in Commercial Real Estate Virtual Summit brought together more than 450 attendees from across the United States to hear a discussion of issues and topics of interest and impact to those engaged in diversifying the commercial real estate industry. Capital Impact’s Equitable Development Initiative was recognized as a leading program supporting people of color pursuing a real estate career.
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