The EDI program helps developers who are focused on bringing affordable housing and other real estate projects to disinvested communities.
June 17, 2024 (Atlanta, GA) – A new program will help Atlanta’s emerging real estate developers overcome the systemic obstacles that have prevented them from being more involved in the region’s booming real estate market — and, in turn, to bring more affordable housing and other real estate projects to disinvested communities.
The EDI program is a free nine-month program led by Capital Impact Partners. Since 2018, the program has trained more than 250 real estate developers in five metropolitan areas throughout the United States. The Atlanta region will become the sixth.
The EDI program provides emerging developers with the tools they need to grow their businesses — including training, technical assistance, mentorship, networking, and potential pathways for financing.
“EDI is designed to help developers who are working to develop disinvested communities for the betterment of their residents. Many of these developers have been held back by not having access to the financial capital, social capital, and knowledge capital that other developers have,” said Ellis Carr, president and CEO of Capital Impact Partners and CDC Small Business Finance, two nonprofit mission-driven lenders that are part of the Momentus Capital branded family of organizations.
“Empowering developers is important everywhere, including in the Atlanta metropolitan area, where continued growth is being accompanied by skyrocketing housing prices and an even greater need for more housing throughout the spectrum of affordability,” Mr. Carr said. “We are proud to join in with the many local stakeholders who have been working to ensure that everyone in Atlanta has the opportunities they deserve in order to thrive.”
A Need for More Affordable Housing Units in Atlanta
All of this has also made it more difficult for people living with low-to-moderate incomes to find housing, especially when they do not qualify for subsidies. And the increase in housing costs has also made it more expensive for the region’s residents to travel between their jobs and where they can afford to live. These increases in housing and transportation costs have particularly impacted communities that were already disinvested and in need of more opportunities.
How the EDI Program Can Help
The EDI program is modeled after the successful program that Capital Impact Partners launched in Detroit in 2018. It has since expanded into several other regions facing similar situations, including Washington, D.C.; the San Francisco Bay Area; Dallas; and Cleveland.
Capital Impact Partners also hosted a similar program in Austin called the Small Developer Training and has run other programs for more experienced developers.
Graduates of these programs have gone on to create important projects for their communities. For example, Edward Carrington, a graduate of the Detroit program, is building The Ribbon, a mixed-use building with one commercial unit and 18 affordable residential units; and Ayesha Hudson, a graduate of the D.C.-area program, recently created nine new affordable housing units and preserved four existing affordable housing units.
“The EDI program gave me a good foundation for how to do commercial real estate development,” said Ms. Hudson. “It opened doors for me, gave me instant access to an expanded network that would have taken much longer to build on my own, and accelerated my path forward.”
Historically, the real estate industry has been dominated by larger national and global firms. Helping Atlanta’s emerging real estate developers play a greater role not only helps them grow their businesses, but these developers are also often more focused on creating more affordable housing and adding mixed-use projects to historically disinvested areas.
In Atlanta, the EDI program has been specifically crafted to confront the top challenges real estate developers face in the region.
Developers will receive broad-based training — in areas such as obtaining funding, project budgeting, project and contractor management, site selection, sustainability, legal services, and community engagement — as well as local mentorship and network building. The curriculum will also include discussions about infill housing, missing middle housing, and transit-oriented development.
Program speakers will include representatives from government agencies as well as organizations that are seeking to create more opportunities for Atlanta’s disinvested communities.
And EDI participants will be connected with experienced real estate developers from Atlanta — including Leonard Adams, Daniel Alexander, Cassius Coleman, Joel Dixon, Darion Dunn, Sharon Guest, Cherie Ong, and Rod Teachy — who will serve as mentors or presenters.
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About Capital Impact Partners
Capital Impact Partners is transforming how capital and investments flow into communities to provide people access to the capital and opportunities they deserve. We work to champion key issues of equity and social and economic justice by deploying mission-driven financing, capacity-building programs, and impact investing opportunities.
A nonprofit Community Development Financial Institution, Capital Impact Partners has disbursed more than $3 billion since 1982 to create access to critical social services, grow entrepreneurs, and create quality jobs. Capital Impact Partners’ leadership in delivering financial and social impact has resulted in the organization being rated by S&P Global and Fitch, and recognized by Aeris for its performance.
The Momentus Capital branded family of organizations is transforming how capital and investments flow into communities to provide people access to the capital and opportunities they deserve. We are working to reinvent traditional financial systems that have failed to address systemic issues of inequality, economic empowerment, and the widening wealth gap by offering a continuum of financial, knowledge, and social capital to help local leaders build inclusive and equitable communities and create generational wealth. This includes a comprehensive package of loan products, impact investment opportunities, training and business advising programs, and technology services that advance locally-led solutions.
Leveraging 80 years of combined experience, more than $3 billion in assets under management, and strong community engagement, we have delivered $24 billion in financing, created and preserved 293,000 jobs, and served 13,800 small businesses and five and a half million people across their history.
With headquarters in Arlington, Virginia, and San Diego, California, Momentus Capital operates nationally with a focus on larger urban areas and cities in Arizona, the Atlanta region, California, Michigan, Nevada, New York, Texas, and the Washington metro area.
The award recognizes Capital Impact Partners for its financial support of Whitman-Walker’s new Max Robinson Center medical and research facility in Southeast Washington, D.C.
The award is featured in Novogradac Journal of Tax Credits’ annual Community Development QLICIs of the Year Awards, which celebrate community development entities that made exceptional qualified low-income community investments, or QLICIs.
In 2023, Whitman-Walker opened a new, larger site for its Max Robinson Center in the southeast D.C. neighborhood of Congress Heights, helping ensure quality health care for community members in that region of the city. The 118,000-square-foot medical facility provides a variety of primary care, dental care, and behavioral health services, as well as important health care and policy research.
Capital Impact Partners provided the project with $4 million in financing through New Markets Tax Credit (NMTC) allocation. In total, this project received more than $32 million of NMTC allocation from Capital Impact Partners, Chase, Jubilee Manna Community Development Enterprise, D.C. Housing Enterprises, and Industrial Bank. Additional financing support was provided by Chase as the NMTC investor and EagleBank as lender. Diarra McKinney, a D.C.-based developer who runs Rosewood Strategies, was the project’s NMTC consultant. Mr. McKinney is also a participant in Capital Impact Partners’ Growing Housing Developers program for training and mentoring community-rooted developers.
“We’re proud to support Whitman-Walker, a longstanding and respected health organization that provides quality, affordable care,” said Mindy Christensen, senior vice president, community development lending for Capital Impact Partners, part of the Momentus Capital branded family of organizations. “This expansion allows Whitman-Walker to serve more than 15,000 unique patients per year, an increase of 10,000 patients. And the additional space also means the creation of more new jobs.”
With three locations in the city, Whitman-Walker provides primary medical care, behavioral health care, dental care, and a range of health-related legal and support services to more than 20,000 individuals and families annually in the greater Washington, D.C. region.
“Whitman-Walker envisions a society where all people are seen for who they are, treated with dignity and respect, and afforded equal opportunity to health and wellbeing. That’s why for more than 30 years, our Max Robinson Center has been located in Ward 8 of Washington, D.C., where many of our community members live well below the poverty line,” said Naseema Shafi, CEO of Whitman-Walker Health. “The funding we’ve received allowed us to expand the Max Robinson Center into a new location, which means we have been able to expand our services to care for more people in an area where health care is crucial yet often not as accessible.”
The federally administered New Markets Tax Credit Program helps mission-driven lenders like Capital Impact Partners attract private investment capital to communities. The program provides individual and corporate investors with a federal tax credit in exchange for making investments in businesses or economic development projects. This incentive bolsters mission-driven lenders’ ability to provide loans to projects delivering social impact in communities across the country.
Capital Impact Partners has received $742 million in New Markets Tax Credit Allocation and deployed $729 million to 91 projects that have delivered social impact and created economic mobility and wealth creation. Capital Impact Partners is primarily focused on using its tax credit allocation in support of health care, education, and food system developments.
Capital Impact Partners and CDC Small Business Finance are each part of the Momentus Capital branded family of organizations, which also includes their affiliates, Momentus Direct Capital, Momentus Securities (a FINRA-member broker/dealer), and Ventures Lending Technologies. Momentus Capital works to expand capital and opportunities for communities, providing them with the momentum they need for success.
This is the latest recognition for the Momentus Capital branded family of organizations:
CDC Small Business Finance was named the Community Advantage Lender of the Year in the SBA’s Michigan District for Fiscal Year 2023. CDC Small Business Finance was also named the Community Advantage lender of the year and a Top 10 lender of the year in the SBA’s Michigan District for Fiscal Year 2022.
CDC Small Business Finance also was named the top SBA Community Advantage lender in the Fresno (Calif.) District for Fiscal Year 2022.
Team members Ken Rosenthal and Stacey Sanchez received two top honors from Coleman Report in 2022 as the leading banking publication’s SBA Business Development Officers of the Year.
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About Capital Impact Partners
Capital Impact Partners, part of the Momentus Capital branded family of organizations, is transforming how capital and investments flow into communities to provide people with access to the capital and opportunities they deserve. As one of the nation’s leading mission-driven Community Development Financial Institutions (CDFIs), we help build strong communities and create generational wealth by deploying mission-driven financing, capacity-building programs, and impact investing opportunities.
Capital Impact Partners offers flexible financing for catalytic mission-aligned projects in four primary sectors: increasing access to health care, education, affordable housing, and healthy food.
In addition, we manage several multi-year initiatives in key regions to support emerging developers, small business owners, cooperatives, and community health enterprises through training, professional networks, access to experts and mentors, and pathways to grants and loan capital.
Capital Impact Partners has disbursed more than $3 billion since 1982 to create access to critical social services, grow entrepreneurs, and create quality jobs. Capital Impact Partners’ leadership in delivering financial and social impact has resulted in the organization being rated by S&P Global and Fitch Ratings and recognized by Aeris for its performance.
The Momentus Capital branded family of organizations refers to the combined operations of Capital Impact Partners and CDC Small Business Finance, as well as their affiliates, Momentus Direct Capital and Momentus Securities (an SEC-registered broker-dealer, MSRB-registered, FINRA/SIPC member). While each organization under the Momentus Capital brand still operates as a separate entity, their clients will now have access to more resources and products.
With headquarters in Arlington, Virginia, and San Diego, California, Momentus Capital operates nationally with a focus on larger urban areas and cities in Arizona, California, Georgia, Michigan, Nevada, New York, Texas, and the Washington D.C. metro area.
The Momentus Capital branded family of organizations is transforming how capital and investments flow into communities to provide people access to the capital and opportunities they deserve. We are working to reinvent traditional financial systems by offering a continuum of financial, knowledge, and social capital to help entrepreneurs, community-based organizations, and local leaders at every growth stage to build strong communities and create generational wealth.
This includes a comprehensive package of loan products, impact investment opportunities, training and business advising programs, and technology solutions that advance locally-led solutions.
Leveraging more than 80 years of combined experience, more than $3 billion in assets under management, and strong community engagement, the Momentus Capital branded family of organizations has delivered $24 billion in financing, created and preserved 298,000 jobs, and served 14,350 small businesses and 6 million people across our history.
With headquarters in Arlington, Virginia, and San Diego, California, Momentus Capital operates nationally with a focus on larger urban areas and cities in Arizona, California, Georgia, Michigan, Nevada, New York, Texas, and the Washington D.C. metro area.
The annual report for the Momentus Capital branded family of organizations showcases the deep and durable impact being created in communities nationwide.
The annual report showcases the many ways that Momentus Capital utilizes financial capital, social capital, and knowledge capital to help entrepreneurs, community leaders, and the communities they serve.
“Everyone deserves the opportunity to succeed. Our work is focused on helping the entrepreneurs and communities whose access to the opportunities they deserve has been limited,” said Ellis Carr, President and CEO of Capital Impact Partners and CDC Small Business Finance.
Now in its second year, “Keeping It Cool” grants provide cold storage support for local small food businesses and nonprofits to improve access to healthy foods
May 1, 2024 (Washington, D.C.) – More than $700,000 in grants have been awarded to 22 food businesses and nonprofits to help them grow while expanding access to healthy food for disinvested communities in the Washington metro area. These include communities experiencing food apartheid, adults and students living with low incomes, children and families that are unhoused, refugees, and incarcerated youths.
The “Keeping It Cool” grants, funded by The Morningstar Foundation, provide these businesses and nonprofits with something essential that many might otherwise take for granted — cold storage infrastructure. The grants will go toward refrigerators, freezers, coolers, delivery vehicles, display cases and other upgrades.
The program, sponsored by a grant from the Amazon Housing Equity Fund, supports real estate developers who are focused on bringing more affordable housing to the Washington metropolitan region.
MAY 1, 2024 (Arlington, VA) – Thirteen real estate developers from the Washington, D.C., area have been selected for the second cohort of the HEAF program, a free two-year program created by Amazon and Capital Impact Partners.
HEAF is designed to provide these developers with the resources they need to grow their businesses and bring more affordable housing to the region.
Participating developers receive:
Real estate training with a focus on affordable housing production in the D.C. metropolitan area
Small-group mentorship from other experienced real estate developers
Pathways to potential capital for project expenses such as architectural and engineering costs; permitting, survey, and site-planning fees; market and feasibility studies; and contribution towards equity. These funds are often the most difficult and most expensive to raise for developers
Access to a rich network of other real estate developers in the greater Washington D.C. area
The program is led by Capital Impact Partners, a mission-driven nonprofit headquartered in the D.C. area. Capital Impact Partners has worked with more than 300 real estate developers around the country on similar programs, including the first cohort of the HEAF program, which launched in 2022 and featured 15 area developers.
Funding for the second cohort of HEAF is provided by the Amazon Housing Equity Fund.
Amazon has committed more than $3.6 billion through its Housing Equity Fund to preserve and create more than 35,000 affordable homes in three communities where it has a high concentration of employees — the Arlington, Virginia region; the Puget Sound region of Washington state; and Nashville, Tennessee. The Fund strives to create inclusive housing developments and preserve existing housing through below-market loans and grants to non-traditional and traditional housing partners, public agencies, and organizations supporting underserved communities.
“These 13 developers bring impressive experience within the real estate industry and a collective desire to make a difference through their work by providing affordable housing and other important projects that can help communities thrive,” said Ellis Carr, president and CEO of Capital Impact Partners and CDC Small Business Finance, both of which are part of the Momentus Capital branded family of organizations.
“The graduates of the first HEAF cohort are continuing to use the training and funding they received to create and retain affordable housing and mixed-use developments in the D.C. area,” said KellyAnn Kirkpatrick, Amazon’s Senior Product Manager, Housing Partnerships and Grants. “I’m excited by the additional opportunities that will come for — and be created by — this second class of developers.”
Current Participants & Recent Success Stories
HEAF participants are experienced real estate developers who have reached a key point in their careers where additional training, mentorship, and potential access to funding can accelerate existing projects and help them to become more established in the field.This second cohort’s participants are:
(*We are deeply saddened by the loss of Ali Semir, who passed away in fall 2024. His spirit and impact will not be forgotten.)
“What keeps me going is being able to continue to provide people with true access to resources and opportunities that either I didn’t have at a young age or that I was only able to access because I moved out of my neighborhood,” said Winona Francis of WRE Development. “Achieving the American dream is not supposed to be determined by someone’s ZIP code, but today it is.”
“I’m building homes where I live. I’m a member of this community and I am trying to foster the values that I believe in,” said Mehul Vora of Vora Ventures. “My goal as a neighbor is to enhance the quality of life in our neighborhoods. For my family, for their family, and for the families to come.”
Participants from the first HEAF cohort have been working on several development projects. For example, Chris Agorsor is planning to convert a former office building in Downtown D.C. into 145 new apartments that will provide affordable housing for residents earning below 80% of the area median income, a designation guaranteed for several generations to come. And Ronette Slamin completed a deal to preserve and improve 23 affordable apartments in the Kalorama neighborhood.
“This wouldn’t have been possible without HEAF and the financial support, mentorship and other resources we received,” said Ms. Slamin. “The grant capital allowed me to purchase the building and gain valuable project experience that will help me with future developments. I am also grateful for both my individual mentor and the program’s mentor, who gave me insight about being a developer, how to create a successful company and finance a feasible project, and to talk through the details of this project. Being able to work through issues and know I wasn’t alone in this process was amazing.”
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About Capital Impact Partners
Capital Impact Partners, part of the Momentus Capital branded family of organizations, is transforming how capital and investments flow into communities to provide people with access to the capital and opportunities they deserve. As one of the nation’s leading mission-driven Community Development Financial Institutions, we champion key equity, social justice, and economic justice issues by deploying mission-driven financing, capacity-building programs, and impact investing opportunities.
Capital Impact Partners offers flexible financing for catalytic mission-aligned projects in four primary sectors: increasing access to health care, education, affordable housing, and healthy food.
In addition, we manage several multi-year initiatives in key regions to support emerging developers, small business owners, cooperatives, and community health enterprises through training, professional networks, access to experts and mentors, and pathways to grants and loan capital.
Capital Impact Partners has disbursed over $3 billion since 1982 to create access to critical social services, grow entrepreneurs, and create quality jobs. Capital Impact Partners’ leadership in delivering financial and social impact has resulted in the organization being rated by S&P Global and Fitch Ratings and recognized by Aeris for its performance.
The Momentus Capital branded family of organizations refers to the combined operations of Capital Impact Partners and CDC Small Business Finance, as well as their affiliates, Momentus Direct Capital, Momentus Securities (an SEC-registered broker-dealer and FINRA/MSRB/SIPC member), and Ventures Lending Technologies. While each organization under the Momentus Capital brand still operates as a separate entity, their clients will now have access to more resources and products.
The Momentus Capital branded family of organizations is transforming how capital and investments flow into communities to provide people access to the capital and opportunities they deserve. We are working to reinvent traditional financial systems that have failed to address systemic issues of inequality, economic empowerment, and the widening wealth gap by offering a continuum of financial, knowledge, and social capital to help local leaders build inclusive and equitable communities and create generational wealth. This includes a comprehensive package of loan products, impact investment opportunities, training and business advising programs, and technology services that advance locally-led solutions.
Leveraging more than 80 years of combined experience, more than $3 billion in assets under management, and strong community engagement, we have delivered $24 billion in financing, created and preserved 293,000 jobs, and served 13,800 small businesses and 5.5 million people across their history.
With headquarters in Arlington, Virginia, and San Diego, California, Momentus Capital operates nationally with a focus on larger urban areas and cities in Arizona, California, Georgia, Michigan, Nevada, New York, Texas, and the Washington D.C. metro area.
In its 2024 rankings, The NonProfit Times selected the Momentus Capital branded family of organizations as the #3 large nonprofit, #17 overall.
April 15, 2024 (Arlington, VA / San Diego, CA) – The Momentus Capital branded family of organizations has been named one of the best nonprofit employers in the United States, according to The NonProfit Times, the leading publication for nonprofit managers.
Momentus Capital was ranked as the #3 large-sized nonprofit — which includes organizations with 250 or more employees — and #17 overall for organizations of any size.
The Momentus Capital branded family of organizations includes several mission-driven organizations that are dedicated to providing people with access to the capital and opportunities they deserve. These organizations include Capital Impact Partners, CDC Small Business Finance, and their affiliates, Momentus Direct Capital, Momentus Securities (a FINRA-member broker/dealer), and Ventures Lending Technologies.
“It is an honor that The NonProfit Times recognizes the great work we are doing at Momentus Capital. We strive to promote an inclusive culture where employees are motivated to perform at their best, are excited by the work they do, support the customers and communities we serve, and have a sense of belonging,” said Kim Dorsett, Chief Human Resources Officer for the Momentus Capital branded family of organizations.
S&P Global Ratings’ opinion states that Capital Impact’s Social Bond Framework related to the current offering of $200 million of its Capital Impact Investment Notes is fully aligned with accepted social bond principles and social loan principles released by the ICMA, LMA, LSTA, and APLMA
April 1, 2024 (Arlington, VA) – Capital Impact Partners, a nonprofit corporation certified by the U.S. Department of Treasury’s Community Development Financial Institutions Fund as a Community Development Financial Institution (CDFI), announced that it has secured a second-party opinion, or SPO, from S&P Global Ratings stating that Capital Impact’s Social Bond Framework related to the current offering of $200 million of its Capital Impact Investment Notes is fully aligned with international standards, including the 2023 Social Bond Principles published by the International Capital Market Association (ICMA) and the 2023 Social Loan Principles published collectively by the Loan Market Association (LMA), the Loan Syndications and Trading Association (LSTA), and the Asia Pacific Loan Market Association (APLMA).
Social Bond Principles outline stringent eligibility criteria for social projects that Capital Impact Partners may finance and require that the net proceeds of its Impact Investment Notes offering be used for eligible uses, primarily to fund social projects in the affordable housing, education, health care, and food security sectors, and to projects that advance its social mission.
“We are delighted to receive this second-party opinion from S&P Global Ratings,” said Natalie Gunn, Chief Financial Officer of Capital Impact Partners “At Capital Impact Partners, we are committed to providing a continuum of capital to disinvested communities, helping these communities have the chance they deserve to thrive. As such, we are committed to financing social projects benefiting underserved populations and communities.”
Ms. Stallings launched the HEAF program, led the EDI program and the EOCF in the D.C. area, helping community-rooted developers and small business owners receive pivotal financing, training, and mentorship.
These awards recognize the entrepreneurial drive, creativity and success of the recipients. The honorees were judged based on their professional accomplishments, community leadership and philanthropy.
Ms. Stallings joined Momentus Capital at the start of 2022 and has made a significant impact with her work over these past two years. She leads programs that help diverse entrepreneurs overcome barriers caused by systemic racism to grow their businesses, close the wealth gap, and create more affordable housing, jobs, and other opportunities for the communities they serve.
“These are entrepreneurs who don’t often have easy access to capital compared to their counterparts,” Ms. Stallings said. “Through a number of resources, including flexible capital, technical assistance, educational programming, and by helping them expand their network, we’re hopefully leveling the playing field for them.”
Momentus Capital’s resources have included three signature programs that support diverse small business owners and real estate developers in D.C., Maryland, and Virginia — HEAF, EDI, and EOC.
The HEAF program, funded by Amazon, is a two-year program for real estate developers in the Washington Metropolitan region. Ms. Stallings launched and led the first cohort of 15 real estate developers from 2022-2023, providing training, mentorship, and a total of $4 million in predevelopment grants with $26.7 million in leveraged capital from Momentus Capital that went directly to diverse real estate developers who are building and preserving affordable housing in the region. The program will return in 2024 for its second cohort. Ms. Stallings also runs the D.C. area EDI program, which similarly supports emerging developers with training, mentorship, and pathways to financing.
Diversifying the local real estate industry also helps protect the diverse communities of the greater D.C. area, where so much of the development often is led by large corporations or legacy developers, which don’t necessarily build with longtime residents in mind. In contrast, diverse developers not only resemble their communities, but they represent them as well.In addition, Ms. Stallings led the Entrepreneurs of Color Fund, which forged new pathways to entrepreneurship in the region’s underserved communities by pairing low-cost capital with business advisory services to help entrepreneurs of color start and grow businesses, create jobs, and build wealth. The initiative was funded by JPMorgan Chase, managed in the D.C. area by the Momentus Capital branded family, and also involved partner institutions and nonprofits Washington Area Community Investment Fund, Latino Economic Development Center, City First Enterprises, and the Coalition For Nonprofit Housing and Economic Development. From 2019 through 2023, it provided more than $44 million in loans, created or retained approximately 900 jobs, and also featured technical assistance to more than 1,700 small businesses.
“From day one, Melissa has focused on the perspectives and needs of our partners in the community, listening first to inform the design of our programs and products in the region,” said Lauren Counts, senior director and head of national programs for Momentus Capital. “It is thanks to our local leaders working collaboratively with our partners that we have been able to grow the capital and expand the services we are providing to entrepreneurs across the region.”
For Ms. Stallings, a native Washingtonian who grew up in the District’s Bloomingdale neighborhood, her professional focus comes out of a sense of responsibility.
“I’m paying it forward by supporting people who are achieving their dreams, the same way that people helped me with mine,”Ms. Stallings said. “I grew up in a neighborhood that was not the safest nor heavily resourced. My family sacrificed to provide opportunities for me, refusing to allow my circumstances to define who I was and who I would later become.”
This is the latest recognition for the Momentus Capital branded family of organizations:
CDC Small Business Finance also was named the top SBA Community Advantage lender in the Fresno (Calif.) District, and the Community Advantage lender of the year and a Top 10 lender of the year in the SBA’s Michigan District.
Team members Ken Rosenthal and Stacey Sanchez received two top honors from Coleman Report in 2022 as the leading banking publication’s SBA Business Development Officers of the Year.
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About Capital Impact Partners
Capital Impact Partners is transforming how capital and investments flow into communities to provide people access to the capital and opportunities they deserve. We work to champion key issues of equity and social and economic justice by deploying mission-driven financing, capacity-building programs, and impact investing opportunities.
A nonprofit Community Development Financial Institution, Capital Impact has disbursed more than $3 billion since 1982 to create access to critical social services, grow entrepreneurs, and create quality jobs. Capital Impact’s leadership in delivering financial and social impact has resulted in the organization being rated by S&P Global and Fitch, and recognized by Aeris for its performance.
The Momentus Capital branded family of organizations is transforming how capital and investments flow into communities to provide people access to the capital and opportunities they deserve. We are working to reinvent traditional financial systems that have failed to address systemic issues of inequality, economic empowerment, and the widening wealth gap by offering a continuum of financial, knowledge, and social capital to help local leaders build inclusive and equitable communities and create generational wealth. This includes a comprehensive package of loan products, impact investment opportunities, training and business advising programs, and technology services that advance locally-led solutions.
Leveraging 80 years of combined experience, nearly $3 billion in assets, and strong community engagement, we have delivered $23 billion in financing, created and preserved 250,000 jobs, and served 12,000 small businesses and five million people across their history.
With headquarters in Arlington, Virginia, and San Diego, California, Momentus Capital operates nationally with a focus on larger urban areas and cities in Arizona, California, Michigan, Nevada, New York, Texas, and the Washington metro area.
The ImpactAssets 50 is a publicly available, searchable resource of impact investment fund managers who deliver social and environmental impact as well as financial returns
March 18, 2024 (Arlington, VA) – For the seventh straight year, Capital Impact Partners has been selected for the ImpactAssets 50 – a free, annual database for impact investors, family offices, corporations, foundations, and institutional investors that features a diversified listing of private capital fund managers delivering social and environmental impact as well as financial returns.
Capital Impact Partners also remains on ImpactAssets’ Emeritus Impact Managers list, which illuminates impact fund managers that have achieved consistent recognition for at least five years on the ImpactAssets 50. Only 46 of the 155 fund managers on this year’s ImpactAssets 50 have received the Emeritus Impact Managers label.
OCTOBER 17, 2023 (Arlington, VA/San Diego, CA) – Ellis Carr, the president and CEO of Capital Impact Partners and CDC Small Business Finance, part of the Momentus Capital branded family of companies, has been named to the Washington Business Journal’s annual Power 100 list.
“We assembled our annual Power 100 list of the most influential business leaders with the pending revival of Greater Washington top of mind,” wrote Washington Business Journal Editor-in-Chief Douglas Fruehling. “Who has the courage to stand up and discuss our problems without holding back? Who has the leadership skills — and, sometimes, the dollars — to make a difference? Who can we count on?”
Mr. Carr was one of 25 business leaders featured in the “Big Money & Financiers” section, which includes “the bankers, investors, and private and public behemoths driving the Greater Washington economy.”
“Ellis Carr leads the ambitious Momentus Capital, an umbrella group of organizations co-headquartered in Arlington and San Diego with a mission to increase capital for underserved neighborhoods and entrepreneurs,” the Washington Business Journal wrote. “With approximately 255 employees nationwide and nearly $3 billion in assets, it’s comprised of the community development financial institution Capital Impact Partners, CDC Small Business Finance — which provides credit to underserved small businesses — and cloud-based lending technology vendor Ventures Lending Technologies.”
Mr. Carr has been the president and CEO of Capital Impact Partners since 2016 and was also named the president and CEO of CDC Small Business Finance in 2021.
“This is an honor that truly is about the passion and dedication of our team members at Momentus Capital. Our goal is to create an economic system that respects and uplifts all peoples’ right to achieve the dreams they have for themselves, their communities, and generations to come,” said Mr. Carr.
The Momentus Capital branded family of companies has deployed more than $345 million in financial capital to the D.C. region to support small businesses; community-focused developers such as those who focus on affordable housing, health care, and education; residential and commercial cooperatives; and access to healthy foods. It has also provided knowledge capital and social capital through free training and mentorship programs for about 75 diverse developers, and through technical assistance for local entrepreneurs.
“We are proud to be listed alongside the many leaders and stakeholders who are contributing to the future of the Washington, D.C., Metro region.” Mr. Carr said. “One of our guiding principles is: ‘If you want to go fast, go alone. If you want to go far, go together.’ The work we are all doing will help everyone in the D.C. region have access to the capital and opportunities they deserve.”
This is the latest recognition for Momentus Capital:
CDC Small Business Finance also was named the top SBA Community Advantage lender in the Fresno (Calif.) District, and the Community Advantage lender of the year and a Top 10 lender of the year in the SBA’s Michigan District.
The Momentus Capital branded family of organizations is transforming how capital and investments flow into communities to provide people access to the capital and opportunities they deserve. We are working to reinvent traditional financial systems that have failed to address systemic issues of inequality, economic empowerment, and the widening racial wealth gap by offering a continuum of financial, knowledge, and social capital to help local leaders build inclusive and equitable communities and create generational wealth. This includes a comprehensive package of loan products, impact investment opportunities, training and business advising programs, technology services that advance locally-led solutions, and investment banking and transaction advisory services (provided by Momentus Securities, a Finra-member broker/dealer).
Leveraging 80 years of combined experience, nearly $3 billion in assets, and strong community engagement, we have delivered $23 billion in financing, created and preserved 250,000 jobs, and served 12,000 small businesses and five million people across their history.
With headquarters in Arlington, Virginia, and San Diego, California, Momentus Capital operates nationally with a focus on larger urban areas and cities in Arizona, California, Michigan, Nevada, New York, Texas, and the Washington metro area.
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