Innovative, Two-Year Pilot Program Provides Critical Capital and Trainingfor Next Generation of Developers
October 19, 2017 (Detroit) – Today, Capital Impact Partners—with support from JPMorgan Chase & Co.—announced a new $5 million program committed to help more minority real estate developers participate in Detroit’s continued economic recovery by providing them with critical training opportunities and access to capital. The program will help 15-20 new minority developers help their businesses grow.
The idea of “community” often conjures images of a geographic place, a shared space where people congregate. While true, communities can be so much more. Their true potential can manifest itself when they foster connections between individuals who share mutually beneficial ideals. Through championing those shared values, community members can create a future of shared prosperity.
Investors can earn a financial, as well as a social, return on their investments
Arlington, VA (October 11, 2017) — Capital Impact Partners, a non-profit corporation, certified by the U.S. Department of Treasury’s Community Development Financial Institutions Fund as a Community Development Financial Institution (CDFI), today announced the launch of an offering of up to $100 million of ‘AA’* rated fixed-income Capital Impact Investment Notes (Notes) that allows retail and institutional investors the opportunity to invest in the mission-driven organization’s nationwide efforts to create social impact for underserved communities. Available for as low as $1,000, individual and institutional investors can purchase the Notes through their brokerage accounts and earn a financial, as well as a social, return on their investments.
More than Money Podcast Interviews Ellis Carr, President & CEO of Capital Impact
Expanding opportunities for residents in low-income communities is the focus of community development financial institutions (CDFIs). These mission-driven institutions prioritize social, economic and racial justice for underserved communities over and above profits, meaning that CDFIs invest in places and projects that traditional lenders are often reluctant to support.
“How-to” Tool Aims to Help Charter School Operators Navigate the Facility Development Process from Concept to Financing
Arlington, VA (October 11, 2017) — The process for building or expanding a charter school can be complicated and daunting. Enter The Answer Key by Capital Impact Partners, a simple how-to guide with practical tools designed to help school operators successfully navigate the construction process.
Covering each phase of the facility development process – including concept, predevelopment, design and pre-construction, construction, and financing – the step-by-step publication is based on Capital Impact’s 20 years of supporting and financing successful charter schools across the country. A number of education practitioners with real-world construction experience also lent their expertise to the guide.
By Danielle Graceffa, Senior Director, Legal Services
Real estate development has always been a risky proposition, fraught with numerous challenges that must always be carefully balanced against the promise of reward.
Throw in the possibility of rehabbing historic properties and that risk-reward scenario is certainly amplified. The city of Detroit, where we have our Midwestern office, is a perfect example.
Founded in the 1700s, the city has witnessed various transformations, with Henry Ford setting the stage for Detroit to become the booming manufacturing center that it is best known as. During that time, the population swelled from around 200,000 residents to well over 1.5 million.