This post was written by OFN Blog guest authors and OFN members BlueHub Capital, Capital Impact Partners, IFF, Nonprofit Finance Fund, LISC, Low Income Investment Fund (LIIF), Reinvestment Fund, and Self-Help Introduction In recent years, community development financial institutions (CDFIs) and similar mission-oriented financial services organizations have begun to elevate the importance of explicitly addressing racial equity […]
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Learning to Change: Reflections of the CDFI Racial Equity Collaborative on Education
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Capital Impact Partners and CDC Small Business Finance Announce Alliance
As of July 1, 2021, Ellis Carr is now the president and CEO of Capital Impact Partners and CDC Small Business Finance. Kurt Chilcott, formerly president and CEO of CDC Small Business Finance, is transitioning to Board Chair of both organizations. In 2020, Kurt Chilcott and Ellis Carr sat down for a video series of […]
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Audio Blog: Expanding Opportunity for Real Estate Developers of Color in the Time of COVID-19
Editor’s note: This conversation took place virtually to protect all participants during the COVID-19 pandemic. There may be sound issues, as this was a live webinar. As COVID-19 continues to disproportionately impact communities of color, it is important that supporting developers of color does not stop. As not only business owners, but community builders, developers […]
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Capital Impact Partners’ Response to Recent Violence Against Black Lives
By Ellis Carr, President and CEO The events of the past weeks have been incredibly painful to witness. While in the midst of a global health crisis, the disease of racism reared its ugly head to create a crisis within a crisis in which unarmed Black men and women are being threatened or killed.
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Racial Inequity – as cause and effect – in the time of COVID-19
By Michelle Betton, Writer “Structural racism has always been a pre-existing condition for communities of color.” -Race Forward People in disinvested communities, often communities of color, understand this statement too well. It has rung true for generations. Structural racism affects more than just health; systemic discrimination has negatively impacted every aspect of life for communities […]
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2019 Annual Report Letter: Through Crisis, We Partner with Communities to Build Strength and Sustainability
By Ellis Carr, President & CEO, and Daniel Varner, Board Chair Over the past several weeks, the COVID-19 pandemic has fundamentally changed the world for all of us. Our hearts go out to everyone who has been—and will continue to be—affected by this devastating event. We want to express our deepest gratitude to those who […]
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Capital Impact Partners’ Response to COVID-19
By Ellis Carr, President & CEO Friends and Partners – Since I last reached out on behalf of the team here at Capital Impact, our country has changed dramatically as a result of the unprecedented health crisis we are all facing.
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COVID-19 Response: An Open Letter from CDFI Leaders to Our Supporters
“Those closest to the problem are closest to the solutions.” Bryan Stevenson Community Development Financial Institutions (CDFIs) were first certified by the U.S. Treasury 25 years ago to provide financing in communities left behind by the mainstream financial system. CDFIs have long been “first responders” to many small and growing businesses in communities throughout America […]
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COVID-19 Relief Programs and Resources for Nonprofits
American small businesses and nonprofits are facing an unprecedented economic disruption due to the COVID-19 outbreak. The Paycheck Protection Program is open again to small businesses across the country, including nonprofits. This time, lenders proximate to communities have the opportunity to lend to businesses and organizations that need the funding before it opens up to […]