A $23 million, 78-unit mixed-use and housing development just opened near Michigan Central
2024
“This does not look like what you think of when you say affordable mixed-use housing,” said Damon Hodge of Capital Impact Partners, one of the funders of the development. “This looks like high-quality, market-rate attainable housing for the people of Detroit. We need more of this type of development that really shines positively on the city and that tenants would be proud to call home.”
Planned apartment complex seeks to bring affordable workforce housing to South Austin
2024
“We’re focused on bringing more workforce housing to Austin,” said Chris Affinito, president and founder of Notional Development Partners. “Rising rents have forced many people to live in the suburbs and have long commutes into town. Our teachers, medical workers, first responders and others who serve such important roles for our community deserve to be able to live in our community.” Funding for this project is from Capital Impact Partners, a national nonprofit lender.
Ellis Carr Named to Washington Business Journal’s Power 100 List
2023
Ellis Carr is the president and CEO of Capital Impact Partners and CDC Small Business Finance, part of the Momentus Capital branded family of organizations. He was featured in the Washington Business Journal’s annual Power 100 list as one of 25 business leaders featured in the “Big Money & Financiers” section.
Capital Impact Partners awards Co-op Innovation Award to justice-oriented farm for apprenticeship program
2023
“Rock Steady Farm — a queer- and trans-owned farm rooted in social justice, food access and farmer training — is being awarded $40,000 to develop and launch a paid apprenticeship program for queer and trans farmers and farmers of color. […] The funding was announced as part of the annual Co-op Innovation Awards, a joint project from Capital Impact Partners and National Cooperative Bank.”
Austin real estate developers receive Capital Impact Partners training to build more affordable housing
2023
“Twenty small-volume real estate developers in Austin are participating in a training program designed to help them grow their businesses while simultaneously creating new affordable housing. Hosted by the city-backed nonprofit Austin Housing Finance Corp., the Small Developer Training Program is being led by Capital Impact Partners […] and HousingWorks Austin.”
New Cleveland EDI program hopes to increase diversity among real estate developers
2023
“A new initiative is striving to increase diversity in the field of real estate development and to provide the tools to build the skills needed for success. The Cleveland EEDI program began accepting applications from community-rooted developers this week. The initiative is a joint effort among two local nonprofits, Cleveland Development Advisors and Village Capital Corporation, as well as a national group, Capital Impact Partners.”
Growing Housing Developers: New efforts in Atlanta are Boosting Community-Rooted Developers
2023
This article includes a spotlight on the Growing Housing Developers (GHD) program, a $40 million nationwide initiative funded by the Wells Fargo Foundation to make real estate development more diverse. Capital Impact Partners is leading a coalition of three of the four organizations involved in the initiative.
Capital Impact Partners Recognized as the #1 Best Nonprofit to Work For
2023
Capital Impact Partners was ranked as the #1 medium-sized nonprofit and #2 overall by The NonProfit Times, the leading publication for nonprofit managers. “This award is both validation for what we’ve done so far and motivation to continue to invest in our people. Training, resources, and a thriving culture will help us all do our best work,” said Kim Dorsett, Chief Human Resources Officer.
Momentus Securities: Collateralizing small business loans to use institutional capital to create local impact
2023
Momentus Securities, part of the Momentus Capital branded family of organizations, was featured in this article by ImpactAlpha, a news outlet focusing on impact investing and sustainable finance: “Momentus’ social collateralized loan obligations are an example of the financial products emerging to fill the gap in small-business lending, particularly in low- and middle-income communities.”
Detroit projects by community-rooted developers find grant funding through Capital Impact Partners’ EDI program
2023
“Capital Impact Partners’ EDI program’s latest round of pre-development grants, which were awarded in January, will be distributing $415,000 to 19 graduates of the program, all of whom are developers of color. That funding will be used for 16 different projects and will involve developing or renovating an expected total of more than 293,000 square feet of space in Detroit and Highland Park.”
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