October 28, 2022 (Arlington, VA) – Capital Impact Partners has been awarded a $55 million New Markets Tax Credit (NMTC) allocation from the U.S. Department of the Treasury’s Community Development Financial Institutions Fund (CDFI Fund). These tax credits incentivize private sector investors to partner in community financing efforts.
“This award will help advance our mission to increase access to critical social services in communities, spur economic development and wealth creation, and create jobs,” said Mindy Christensen, senior vice president of community development real estate for Capital Impact Partners. “We are grateful that the CDFI Fund has again recognized our proven track record of working with communities on their needs and solutions, and working alongside the private investors who help make that possible. It further enhances our ability to provide a continuum of financial, knowledge, and social capital.”
Capital Impact Partners is now an 11-time NMTC recipient – with those awards totaling more than $742 million. To date, the organization has used NMTC allocations to support the financing of more than 78 transactions nationally that have increased access to health care, education, healthy foods, affordable housing, and the ability for seniors to age in their communities with dignity, as well as increasing access to capital for entrepreneurs.
Capital Impact plans to focus its use of the award to support projects in California, Texas, Michigan, the Washington, D.C. Metro area, and the New York Tri-State Area.
“We can bring investors and key partners together on projects that will make a difference now and for generations to come,” said Ms. Christensen.
Today’s announcement brings the total amount awarded by the CDFI Fund through the NMTC Program to $71 billion. Historically, NMTC Program awards have generated $8 of private investment for every $1 invested by the federal government. Through the end of fiscal year 2021, NMTC Program award recipients deployed more than $62.9 billion in investments in low-income communities and businesses; with impacts such as the creation or retention of more than 857,000 jobs, and the construction or rehabilitation of nearly 239 million square feet of commercial real estate.
“Twenty years ago, the Treasury Department announced the first New Markets Tax Credit awards, and for many economic development projects across the country since then, the New Markets Tax Credit has been a vitally important piece of the puzzle,” said Treasury Chief Lynn Malerba. “This program has created or retained hundreds of thousands of jobs and spurred economic growth in many low-income communities across our country. It is important that Congress sustain these investments over time by making the New Markets Tax Credit Program permanent.”
Coastal Bend Food Bank (CBFB) is a nonprofit organization in Texas that solicits and distributes food which might otherwise go to waste or be discarded by manufacturers, wholesalers, and retailers. Since 1982, CBFB has been fighting hunger in the Coastal Bend by providing food and personal care products to various charity and service agencies. It is serving 13.7 million pounds of food annually to more than 50,000 individuals in 11 counties throughout South Texas.
The construction of a new 108,200-square-foot warehouse and distribution center in Corpus Christi will enable CBFB to distribute more than 19 million pounds of food by 2028, a 43 percent increase over 2020.
The project is occurring during a community crisis where explosive growth for the food bank has led to urgent facility needs. As a smaller metro area, philanthropic dollars are limited, so NMTC is a critical means of supporting this expansion.
Capital Impact joined with Raza Development Fund, Texas Mezzanine Fund, and US Bank on this $29.25 million NMTC project.
San Ysidro Health Center – California
San Ysidro Health (SYH), Inc. is the second largest health center network in the San Diego area and provides a range of services including medical, dental, pediatrics, women’s health, urgent care, and behavioral health across its more than 40 locations. SYH primarily serves patients living with low incomes (95% of 2020 patients at or below 200% FPL), and uninsured patients (20% of 2020 patients). In 2020, SYH had 96,000 unique patients and almost half a million visits.
The ground-up construction of a 44,000-square-foot health clinic and PACE (Program of All-Inclusive Care for the Elderly) center in National City, California, is part of a larger master plan that also includes affordable housing. The new National City clinic will add up to 78,338 visits per year; additionally, the new PACE center will be able to serve 600 older adults.
Capital Impact Partners joined with National Cooperative Bank, Center Capital Fund (Capital Fund, a part of Capital Link), US Bank, Corporation for Supportive Housing, and Border Communities Capital on this $58 million NMTC project.
HOPE Clinic – Texas
HOPE Clinic is a full-time Federally Qualified Health Center (FQHC) in Houston, Texas, serving more than 20,000 unique patients through more than 100,000 patient visits per year. HOPE Clinic provides health care services to all people, regardless of the patient’s ability to pay. In particular, HOPE Clinic serves patients who are uninsured, underinsured, those with limited English proficiency, and patients living with low incomes.
The construction of a new 70,000-square-foot clinic on a vacant lot on the far west side of Houston will include 42 medical exam rooms, six dental operatories, and support expanded services such as substance abuse care, radiology, pharmacy, nutrition and behavioral health.
HOPE Clinic expects to reach nearly 50,000 patients, with approximately 190,000 patient visits annually once the campus is fully operational. In addition, the project expects to create 101 permanent full-time jobs.
Capital Impact Partners joined with Chase Bank, PCDC, and Austin-based CDFI PeopleFund on this $33.4 million NMTC project.
The SEED School of LA County
The SEED School of Los Angeles County is a college-prep boarding school that provides students with a pathway to college and career readiness by engaging in computer sciences, engineering, and studies of systems and societies through transportation infrastructure.
The construction of a 146,931-square-foot charter boarding high school in Los Angeles will give access to 400 students in grades 9-12 to an educational model that includes a rigorous college preparatory program and supportive services within a 24-hour boarding environment. SEED LA will draw students from the county child welfare system, probation facilities, and the surrounding communities from throughout L.A. County.
Capital Impact Partners joined with Low Income Investment Fund, Local Initiatives Support Corporation, Nonprofit Finance Fund, Chase Bank, Los Angeles Development Fund, and Civic Builders on this $97 million NMTC project.
A community development entity (CDE) submits an application to the CDFI Fund requesting the authority to allocate a specific dollar amount of tax credits.
If its application is approved, the CDE is awarded the authority to allocate tax credits to an investor.
The investor chosen by the CDE receives a tax credit totaling 39 percent of the cost of the investment. The investor can claim that tax credit over a period of seven years.
In exchange for those tax credits, the investor makes a qualified equity investment (QEI) in the CDE.
The CDE must use the QEIs it receives from the investor to finance businesses or real estate projects in communities living with low incomes, where the poverty rate is 20 percent or higher or the median income is 80 percent or lower than the Area Median Income. The CDE also has the option of investing in other CDEs making loans in areas with residents earning low incomes.
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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.
September 28, 2022 (Arlington, VA) – Five innovative ideas in five cities have received a combined $170,000 in early-stage grant funding from Capital Impact Partners’ 2022 Co-op Innovation Awards, which aim to increase cooperative development.
This year’s awards, issued by Capital Impact Partners and National Cooperative Bank, are funding projects such as enabling Cambodian refugees to have permanent affordable housing; keeping a neighborhood safe so that families and businesses can thrive; creating an online marketplace for street food vendors; teaching skilled laborers how to become upholsterers; and helping a housing cooperative move toward sustainable growth.
These worker, housing, and food co-ops are innovating programs or strategies to offer workers an alternative to extractive systems.
“The Co-op Innovation Awards exemplify both a strong tradition and our current mission,” said Ellis Carr, president and CEO of Capital Impact Partners and CDC Small Business Finance, each part of the Momentus Capital branded family of organizations. “Capital Impact Partners was founded 40 years ago out of federal legislation to encourage co-op development, so co-op development is at our core. We have disbursed more than $315 million in lending to cooperative businesses since our inception.”
“Since 1978, National Cooperative Bank has had a mission to serve cooperative development and is proud to once again sponsor the Co-op Innovation Awards,” stated Casey Fannon, President and CEO. “The co-op model works in a wide range of sectors, as you can see from this year’s recipients, but what they all have in common is a commitment to improving the lives of their community and members.”
North American Students of Cooperation, Chicago, $35,000
The Industrial Commons, Morgantown, North Carolina, $30,000
Pilsen Housing Cooperative, Chicago, $30,000
Beloved Community Incubator, Washington, D.C., $25,000
Northside Residents Redevelopment Council is being awarded $50,000 to create a state-certified Community Safety Specialist apprenticeship program, formalizing and professionalizing a community-led patrol program that has existed in North Minneapolis for decades. These patrols aim to generate community wealth through cooperative ownership and by cultivating safe, supportive, and economically vibrant neighborhoods where families can thrive.
Apprentices are drawn from the communities they serve and receive extensive classroom instruction before being paired with an experienced mentor, who has patrolled the neighborhood for years, for 2,000 hours of on-the-job training. Apprentices earn $19 per hour plus health benefits and are covered by a union contract. Upon graduation, they become journey-workers and earn $23 per hour.
“Over the last 12 months, young men in North Minneapolis have begun to transform their lives and their community through the Community Safety Specialist program. These apprentices have participated in intensive training and mentorship and are now providing culturally competent resources to address the challenges of violence, drug abuse and crime that have plagued their neighborhoods,” said Gayle Smaller, leader of the Community Safety Specialist Program and chair of the Northside Residents Redevelopment Council Public Safety Committee. “These workers, who earn a living wage with good benefits and union membership, now have the resources to pursue the creation of a worker cooperative and become owners in their workplace. Thank you to the Co-op Innovation Awards for your generous support.”
North American Students of Cooperation (NASCO) is being awarded $35,000 to establish a group-equity cooperative for a 209-unit complex in Stockton, California, that primarily houses Cambodian refugees and their families. The complex is owned by the Asian Pacific Self-Development and Residential Association. This project will pilot a scalable model where the Chicago-based NASCO works with tenants’ unions and residents of apartment buildings to provide training, and give them the tools to buy the properties and own them through the group-equity model.
“This funding will help community members to establish permanent community-controlled, affordable cooperative housing for themselves,” said Brel Hutton-Okpalaeke, director of development services for NASCO. “Directly funding the technical assistance and community training work that will be needed for this project gets this over the hump of being just a good idea to something we can actually do. This grant will allow NASCO to fund the needed translation work for organizers for whom English is not their first language.”
The Industrial Commons is being awarded $30,000 toward a project called Seat at the Table, which takes the need for skilled labor and turns it into a multi-layered business that trains workers to become upholsterers, one of the highest paid jobs in furniture. Seat at the Table’s short-term goal is to create a training program in Morganton, North Carolina, where young people in the community can learn the skill of furniture production while fulfilling contracts for other local furniture companies. The long-term vision is to create a direct-to-consumer furniture manufacturing co-op whose member-owners will come from the training program.
“At The Industrial Commons we launch and scale worker cooperatives, and having flexible startup funds is important for any project we embark on,” said Aaron Dawson, workforce development senior director for The Industrial Commons. “We will use the grant to support a new co-op, Seat at the Table, and a young man from our community, Herron Harper, who will help lead it. This funding couldn’t have come at a better time, as it will give Herron a chance to build his skills, create opportunities for others in our community and serve as the bridge to our sustainable future.”
Pilsen Housing Cooperative (PIHCO) is being awarded $30,000 toward the expansion to its third property, a “generator building” that will help make the co-op’s ongoing growth sustainable. By buying the building via donations, rather than debt, PIHCO can then use the building to help fund subsequent acquisitions and supplement capital improvements across its portfolio.
Through PIHCO, owner families can secure affordable homes, build wealth, build leadership skills, and increase participation in civic life.
“PIHCO provides a realistic option for people that have no other opportunity to purchase and stay in the neighborhood,” said Gabriel Villa, co-founder and Resident of PIHCO. In addition, “It creates another alternative of living and growing together as a community. In this country we’re used to just relying on your immediate family. Now all of a sudden you become part of a collective, and people have your back.”
Beloved Community Incubator is being awarded $25,000 to support the Vendors United Food Cooperative, a group of street food vendors in Washington, D.C.. The vendors are starting an online, cooperatively-owned marketplace to sell their food. Building on the success of its pilot program, Beloved Community Incubator will scale Vendors United Food Cooperative, help build the foundation of the cooperative, and strengthen their team, which will result in higher incomes.
“The Co-op Innovation Award will allow Beloved Community incubator to build on our track record of incubating worker cooperatives in the care sector” said Geoff Gilbert, legal and technical assistance director for Beloved Community Incubator.
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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.
National Cooperative Bank is dedicated to strengthening communities nationwide through the delivery of banking and financial services, complemented by a special focus on cooperative expansion and economic development. NCB provides financial products and services for the nation’s cooperatives, their members, and socially responsible organizations. Headquartered in Washington, D.C., the Bank has offices in Alaska, California, New York, Ohio, and Virginia. To learn more, visit www.ncb.coop, National Cooperative Bank on Facebook and Instagram, or on Twitter @natlcoopbank.
August 9, 2022 (Arlington, VA and San Diego, CA) – Ellis Carr, the president and CEO of Capital Impact Partners and CDC Small Business Finance — each part of the Momentus Capital branded family of organizations — has been selected by Fast Company in the business publication’s 14th annual list of the Most Creative People in Business.
The list, announced today, recognizes individuals making an impact via bold achievements that have never been accomplished before in their chosen fields, from entertainment to healthcare to food. Fast Company editors and writers research candidates for the list throughout the year, scouting every business sector, including technology, medicine, engineering, marketing, entertainment, and design, to find those who are leading with creativity during one of the most challenging times in history.
Fast Company highlighted Carr and the Momentus Capital branded family of organizations — which includesCapital Impact Partners,CDC Small Business Finance, andVentures Lending Technologies — for creating the EDI program, a national program that helps real estate developers lead affordable real estate projects.
“I’m excited for the recognition, but I’m even more excited that publications like Fast Company recognize the need to be creative in working with communities to solve issues. This work helps local leaders and entrepreneurs advance solutions that build strong and vibrant economies,” Mr. Carr said. “The EDI program team at Momentus Capital, and the experts who contribute their time and mentorship, have created an invaluable resource for developers and the communities they serve.”
The EDI program launched in Detroit in 2018, expanded into the Washington metropolitan area in 2019, the San Francisco Bay Area in 2021, and the Dallas metropolitan area in 2022. So far, more than 200 developers have completed the EDI program or are currently participating. Many of the alumni have since gone on to create their own organizations, build local developments, and foster peer-to-peer networks.
The EDI program provides developers with broad-based training – in areas such as project budgeting, real estate finance, project and contractor management, legal services and community engagement – as well as local mentorship, network building, and pathways for them to access funding.
“We’re helping real estate developers grow their businesses, which helps them build generational wealth,” said Mr. Carr. “These developers are able to build more affordable housing, create more jobs, and provide communities with the opportunities they deserve to succeed and thrive.”
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About the Most Creative People in Business List
The individuals honored in Fast Company’s Most Creative People in Business list have all accomplished something truly innovative within the past 12 months or so. Additionally, no one on this list has ever been profiled in the pages of Fast Company before. Together, they represent the future of business.
“Most Creative People represents Fast Company at its best,” says Brendan Vaughan, Fast Company’s Editor-in-Chief. “These dozens of human stories showcase how creativity is one of the most underrated ways to transform business.”
Introduced in 2009, the Most Creative People list quickly established itself as one of Fast Company’s most esteemed franchises. Each year, the magazine’s editors present an all-new list of people chosen according to a proprietary methodology.
Fast Company’s Most Creative People in Business issue (September 2022) is available online now here and on newsstands beginning August 16. Join the Most Creative People conversation using #FCMostCreative.
About Fast Company
Fast Company is the only media brand fully dedicated to the vital intersection of business, innovation, and design, engaging the most influential leaders, companies, and thinkers on the future of business. Headquartered in New York City, Fast Company is published by Mansueto Ventures LLC, along with sister publication Inc., and can be found online at www.fastcompany.com.
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.
August 2, 2022 (Arlington, VA) – Capital Impact Partners announced today that Aflac Incorporated has publicly announced a $15 million investment in Capital Impact Investment Notes (“Notes”).
“As a compassionate company that is innately driven by our commitment to the policyholders and communities we serve, we are continually seeking investment opportunities that champion communities,” said Teresa McTague, Chief Investment Officer of Aflac U.S. and Aflac Global Investments’ Global Head of ESG Investment Strategies. “We were thrilled to identify and act upon this caliber of investment opportunity through Capital Impact Partners. Our investment and partnership is far more than transactional to us; it embodies our vision of making a direct and measurable difference in the lives of many, which exemplifies core values our company treasures.”
“We are thrilled to join in celebrating Aflac Incorporated’s commitment toward our mission,” said Natalie Gunn, Chief Financial Officer of Capital Impact Partners. “We’ve shown over the past 40 years just how effective impact investing can be. We’re able to deliver a strong financial performance while fulfilling our mission in communities throughout the United States.”
“Community solutions aren’t something any single organization or company can achieve alone. Working together with a variety of stakeholders at the table makes our efforts stronger,” said Ms. Gunn.
Impact investing fills the funding gap between investors and communities. For example, it creates more opportunities for emerging real estate developers, expands access to healthy foods, and increases the amount of affordable housing.
“ “Funding from the Investment Notes supports our efforts to advance locally-led solutions that ensure communities have more of the opportunities they need to succeed and thrive,” said Jaret Ings, Treasurer for Capital Impact Partners.
The Notes allow retail and institutional investors to invest as little as $1,000 in the mission-driven organization’s efforts. Capital Impact Partners has invested more than $2.5 billion to serve 6 million people and created more than 38,000 jobs in sectors critical to building communities.
Capital Impact has seen robust interest in its S&P A1 rated Notes, which were the first DTC-settled notes offered by a Community Development Financial Institution (CDFI) on a continuous basis in almost all U.S. states.
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.
Disclaimer: This press release is not an offer to sell or a solicitation of an offer to buy any securities. Such an offer is made only by means of a current Prospectus (including any applicable Pricing Supplement) for each of the respective Notes. Such offers may be directed only to investors in jurisdictions in which the Notes are eligible for sale. Investors in such states should obtain a current Prospectus by visiting www.capitalimpact.org/invest/capital-impact-investment-notes. Investors are urged to review the current Prospectus before making any investment decisions. No state or federal securities regulators have passed on or endorsed the merits of the offering of the Notes. Any representation to the contrary is unlawful. The Notes will not be insured or guaranteed by the FDIC, SIPC or other governmental agency. As of the date hereof, the Notes will be offered for sale in all 50 states and the District of Columbia, excluding the States of Arkansas, Tennessee and Washington.
Forward-Looking Statements
This press release contains statements that are forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended. Also, when Capital Impact uses any of the words “anticipate,” “assume,” “believe,” “estimate,” “expect,” “intend” or similar expressions, it is making forward-looking statements. These forward-looking statements are not guaranteed and are based on Capital Impact’s present intentions and on Capital Impact’s present expectations and assumptions. These statements, intentions, expectations, and assumptions involve risks and uncertainties, some of which are beyond Capital Impact’s control, that could cause actual results or events to differ materially from those anticipated or projected. Purchasers of Notes should not place undue reliance on these forward-looking statements, as events described or implied in such statements may not occur. Except as required by law, Capital Impact undertakes no obligation to update or revise any forward-looking statements as a result of new information, future events or otherwise.
1 S&P Global reaffirmed a long-term issue credit rating of A to the Notes on May 17, 2022. Please check the Pricing Supplement for the S&P credit rating assigned to Notes currently being offered for sale. An S&P credit rating is not a recommendation to buy, sell or hold Notes and may be subject to suspension, reduction or withdrawal at any time by S&P.
July 28, 2022 (Arlington, VA and San Diego, CA) – Momentus Capital is honored to serve as one of the founding members of newly created Economic Opportunity Coalition (EOC).
The EOC is made up of 23 companies and foundations, including 14 companies ranked in the Fortune 500. Their goal is to focus commitments and their major investments to better support communities.
“Momentus Capital is uniquely positioned to serve a significant role representing mission-driven financial institutions on the Economic Opportunity Coalition,” said Ellis Carr, president and CEO of Capital Impact Partners and CDC Small Business Finance, each part of the Momentus Capital branded family of organizations. “Our team has extensive experience with small business and community development, and the ability to offer a continuum of capital at every growth stage to support economic mobility and wealth creation.”
July 21, 2022 (Arlington, VA/San Diego, CA) – The financial sector can play a greater role in helping build communities — by providing people with access to the capital and opportunities they deserve. Opening up these doors is fundamental for local leaders and entrepreneurs to contribute not only to their communities, but to our shared economy.
“Small business owners, developers, and other local leaders are the engines of job creation and economic activity in communities across the country. When these leaders have the opportunity to succeed, their communities, their residents — and our country — thrive,” said Ellis Carr, President and CEO of Capital Impact Partners and CDC Small Business Finance. “We need bold thinking and a holistic approach to unleash solutions for communities. Momentus Capital was created to meet that challenge.”
Each organization under the Momentus Capital brand will continue operating as a separate entity committed to serving its key market and clients, albeit with additional resources and product offerings.
By unifying as Momentus Capital with one shared vision and mission, these leading, mission-driven financial organizations can achieve even more than they could working as separate entities.
To achieve that shared vision and mission, Momentus Capital is uniquely positioned to provide entrepreneurs and local leaders at every stage of their growth with a continuum of capital and opportunities under one roof. These key resources that address the challenges of — and support the solutions for — communities include:
Financial capital: a range of flexible debt and equity products to meet Momentus Capital’s partners’ needs, as well as access to new markets and potential investors
Knowledge capital: business advising, assistance, and training to develop the skills and insights that can help partners advance their enterprises
Social capital: connections to networks and people that can help Momentus Capital’s partners succeed
Momentus Capital further amplifies this approach through technology solutions — including the industry-leading Ventures+ loan software — that assist its partners in making a greater impact in their communities.
Investments & Innovations
Momentus Capital is the culmination of a vision that Mr. Carr and Kurt Chilcott, the longtime leader of CDC Small Business Finance, began to develop in 2019. These leaders sought a way that both organizations, impactful in their own right, could accelerate their work. Mr. Carr, the president and CEO of Capital Impact since 2016, was named the CEO of CDC Small Business Finance in 2021, while Mr. Chilcott transitioned to a role as chair of both organizations’ boards. Under their leadership, Momentus Capital will continue to innovate how capital and investments flow into communities.
Momentus Capital combines its national presence with a local, place-based approach. It works with local leaders — including small business owners, community-minded developers, policy-makers, and builders of community facilities — to identify issues and drive solutions.
This approach is supported by the organization’s lending and investment activities: over $700 million annually deployed to support small business owners, developers, and other community leaders. That, in turn, builds on more than $23 billion of investments that the Momentus Capital family of companies already made to support community solutions throughout their histories.
To support these community solutions, Momentus Capital is:
Rethinking its credit parameters, and developing new lending and investing products to create more access to capital for borrowers and projects.
Enhancing its lending with programs that solve for issues through training, mentorship, and network building.
Deploying technology solutions for community-focused partners and lenders to amplify their work.
Working alongside partners in shaping national, regional, and local policy and expanding funding opportunities.
Combining robust financial experience with community trust to attract mainstream dollars and deliver them to locally-led projects.
“We are constantly working to rethink outdated approaches that limit who has access to capital,” said Mr. Carr. “Where others see risk, we see the opportunity to demonstrate that communities deserve investment. As more capital flows into these communities, the residents benefit — as do we all.”
Among the recent programs and initiatives from the Momentus Capital family of companies:
Impower, which helps business owners who have been denied for a commercial real estate loan, assisting them with the opportunity to build wealth, create jobs and stay in the communities they serve.
Expanding access to Ventures+, a proprietary loan processing and portfolio management tool that has become one of the top resources for small business and community lenders. This has helped other local lenders create an impact in their communities by providing access to high-level services they would otherwise be unlikely to manage on their own.
Launching an Impact Investing group to jumpstart growth-stage businesses that will impact their communities. Equity investments make up less than 2% of CDFI portfolios in the United States. This will fill a crucial gap for companies like this that need more than traditional debt products.
Coming Soon! We are developing an investment bank to better connect investors with community organizations through community-centric securities offerings.
“Momentus Capital is dedicated to the idea that everyone deserves the opportunity to achieve the dreams they have for themselves, their communities, and for generations to come,” said Mr. Carr. “I’m encouraged about what we’ve been able to achieve leading up to this key milestone. But I’m even more excited about the opportunities that stand before us to make real change.”
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.
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.
CDC Small Business Finance, 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 the nation’s leading mission-based small business lender, CDC Small Business Finance helps build strong communities and create generational wealth by deploying mission-driven financing and free business advising to the small businesses that are the backbone of their communities and the country.
CDC Small Business Finance delivers small business and commercial real estate loans paired with free technical assistance to bolster entrepreneurship, economic development, and job creation.
We offer numerous loan products, including the Small Business Administration (SBA) 504 commercial real estate loans, SBA Community Advantage loans, and SBA Microloans. In addition, we offer non-SBA products to provide alternative options for those unable to qualify for traditional financing. CDC Small Business Finance also offers free business advice to support potential borrowers in getting loan-ready and to help our current borrowers grow and expand their businesses.
Since 1978, CDC Small Business Finance has provided more than $21.3 billion in financing to 12,500 borrowers and helped create and preserve over 217,000 jobs.
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.
Ventures Lending Technologies (VLT) creates solutions that make lending easier. Its flagship product, Ventures+, is a loan processing and portfolio management tool that has become one of the top resources for small business lenders. VLT has been serving the lending community since 2004. Since then, VLT has consistently worked towards expanding its products and has grown to offer Payment Processing with Payments+ and a borrower portal with Apply+. It is the premier cloud-based lending platform that offers services throughout the entire lifecycle from a borrower prospect to loan payoff.
June 29, 2022 (Arlington, VA) – Capital Impact Partners is partnering with Low Income Investment Fund (LIIF) and Reinvestment Fund to expand its commitment to helping community-rooted real estate developers grow their businesses.
Through a $30 million grant from the Wells Fargo Foundation, the three mission-driven Community Development Financial Institutions (CDFIs) will implement Growing Housing Developers (GHD), a new program that will connect housing developers with lower-cost, flexible capital, as well as the training, mentorship, and resources needed to grow and scale their businesses. GHD also seeks to increase the supply of homes that are affordable in several key regions across the country.
The much-needed support provided by this free program will have a significant impact on the developers’ ability to build, own, and operate high-quality affordable housing across the United States.
“We are proud to work with Wells Fargo, Low Income Investment Fund, Reinvestment Fund, and Raza Development Fund to help both the people who will develop projects in communities across the United States – and the community members who will further benefit from many of those same projects,” said Ellis Carr, president and CEO of Capital Impact Partners and CDC Small Business Finance.
“Through GHD, we can help strengthen housing developers, enabling them to grow their businesses, and at the same time, offer communities more affordable options for renters and homeowners,” said Bill Daley, vice chairman of public affairs at Wells Fargo.
Growing Housing Developers Cohort
The cohort will include 27 real estate developers, both nonprofit and for-profit. Capital Impact Partners, LIIF, and Reinvestment Fund will work with these developers, who are based out of California; Georgia; Texas; and the Baltimore, New York City, Philadelphia and Washington, D.C., metropolitan regions.
Gina Merritt, Northern Real Estate Urban Ventures LLC, Washington, D.C.
Siree Morris, MCI Property Management and Construction, Newark, New Jersey
Cherie Ong, Good Places LLC, Atlanta
Logan O’Phelan, Holos Communities, Los Angeles
Kathy Payton, Fifth Ward Community Redevelopment Corporation, Houston
Kyle Rawlins, BIG Oakland, Oakland, California
Rob Richardson, IBF Development, Washington, D.C.
Cherene Sandidge, Sandidge Urban Group, Hercules, California
Yvonne Stennett, Community League of the Heights, New York City
Michael Thorpe, Mt. Vernon Manor CDC, Philadelphia
Lorraine Wilson-Drake, Wilson-Drake Development LLC, Philadelphia
The cohort will feature a monthly curriculum that includes:
Peer learning sessions
Advisory services
Dedicated mentorship
National and regional events to provide essential knowledge and networks to support business growth
The developers will also have access to enterprise-level grants that will fund investments in their infrastructure, staff, and other resources that will help them increase the capacity of their organizations, as well as $100 million that Capital Impact Partners, Low Income Investment Fund, and Reinvestment Fund have committed toward innovative financial products funding the affordable housing pipeline in focused geographic areas.
The GHD program expands on each of the partners’ programming supporting developers to participate in real estate development in their regions.
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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.
Low Income Investment Fund (LIIF) is a national community development financial institution (CDFI), headquartered in San Francisco with offices in New York City, Atlanta, Los Angeles and Washington, D.C., that invests in communities. As a CDFI, LIIF supports projects that have high social value but lack access to traditional financial institutions. Since 1984, LIIF has deployed more than $2.7 billion to serve more than two million people in communities across the country from its five offices. An S&P-rated organization, LIIF funds healthy communities by providing innovative capital solutions. Learn more at liifund.org.
About Reinvestment Fund
Reinvestment Fund is a mission-driven financial institution committed to making communities work for all people. We bring financial and analytical tools to partnerships that work to ensure that everyone has access to essential opportunities: affordable places to live, access to nutritious food and health care, schools where their children can flourish, and strong, local businesses that support jobs. We use data to understand markets, communities, and impediments to opportunity—and how investment and policy decisions can have the most powerful impact. Since our inception in 1985, Reinvestment Fund has provided over $2.7 billion in financing to strengthen neighborhoods and build resilient communities. Learn more at reinvestment.com.
May 18, 2022 (Arlington, VA) – For the fifth straight year, Capital Impact Partners has been selected for the ImpactAssets 50 — a free, annual database for impact investors, family offices, corporate and family foundations, and institutional investors that features a listing of private capital fund managers delivering social and environmental impact as well as financial returns.
Capital Impact, a leading mission-driven Community Development Financial Institution (CDFI), began offering its Capital Impact Investment Notes in 2017. The Investment Notes allow retail and institutional investors the opportunity to invest in the organization’s nationwide efforts.
Available for as low as $1,000, individual and institutional investors can purchase Investment Notes through their brokerage accounts and earn a financial, as well as a social, return on their investments.
“We’re honored that both ImpactAssets and our investors continue to recognize the importance — and the value — of the work that Capital Impact Partners has been doing for 40 years,” said Jaret Ings, senior director of finance and treasurer for Capital Impact Partners.
Funding from the Investment Notes helps expand Capital Impact’s national footprint to increase access to critical social services, including health care, education, healthy foods, affordable housing, cooperatives, and dignified aging facilities. To date, individuals and organizations have invested more than $200 million in Capital Impact Investment Notes.
Impact investing fills the funding gap between investors and communities. For example, it creates more opportunities for emerging developers, expands access to healthy foods, and increases the amount of affordable housing.
Capital Impact Investment Notes allow retail and institutional investors to invest as little as $1,000 in the mission-driven organization’s efforts. Capital Impact Partners has invested more than $2.5 billion to serve 6 million people and created more than 38,000 jobs in sectors critical to building communities.
Capital Impact has seen robust interest in its S&P A rated notes, which were the first offered by a Community Development Financial Institution (CDFI), DTC-settled, and offered on a continuous basis in almost all U.S. states.
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 IA 50 is the first publicly available database that provides a gateway into the world of impact investing for investors and their financial advisors, offering an easy way to identify experienced impact investment firms and explore the landscape of potential investment options. The IA 50 is intended to illustrate the breadth of impact investment fund managers operating today, though it is not a comprehensive list. Firms have been selected to demonstrate a wide range of impact investing activities across geographies, sectors and asset classes.
The IA 50 is not an index or investable platform and does not constitute an offering or recommend specific products. It is not a replacement for due diligence. To be considered for the IA 50 2022, fund managers needed to have at least $25 million in assets under management, more than three years of experience as a firm with impact investing, documented social and/or environmental impact and be available for US investment. Additional details on the selection process are available here.
The IA 50 Emerging Impact Managers list is intended to spotlight newer fund managers to watch that demonstrate potential to create meaningful impact. Criteria such as minimum track record or minimum assets under management may not be applicable.
The IA 50 Emeritus Impact Managers list illuminates impact fund managers who have achieved consistent recognition on the IA 50.
About ImpactAssets
ImpactAssets is an impact investing trailblazer, dedicated to changing the trajectory of our planet’s future and improving the lives of all people. As a leading impact investing firm, we offer deep strategic expertise to help our clients define and execute on their impact goals. Founded in 2010, ImpactAssets increases flows of money to impact investing in partnership with our clients through our impact investment platform and field-building initiatives, including the IA 50 database of private debt and equity impact fund managers. ImpactAssets has more than $2 billion in assets in 1,700 donor advised fund accounts, working with purpose-driven individuals and their wealth managers, family offices, foundations and corporations. ImpactAssets is an independent 501(c)(3) organization.
May 18, 2022 (Arlington, VA) – For the second straight year, Capital Impact Partners has been selected as one of the 50 Best Nonprofits To Work For by The NonProfit Times, the leading publication for nonprofit managers.
In these national rankings, Capital Impact was #8 in the medium-sized category (organizations with 50-249 employees) and #23 overall.
“We are excited to see that The NonProfit Times continues to recognize that our mission as a nonprofit and our mission as an employer go hand-in-hand,” said Kim Dorsett, Chief Human Resources Officer at Capital Impact Partners. “Our work at Capital Impact Partners is very fulfilling. The team here is dedicated to helping disinvested communities by removing the barriers to social and economic justice. As an employer, we support our employees and position them to succeed, to grow and thrive both personally and professionally.”
“Core to our values is encouraging our staff to bring their ‘whole selves’ to their work,” said Ellis Carr, President and CEO of Capital Impact Partners and CDC Small Business Finance. “This philosophy has not only created an engaging culture, but has also helped us build the kind of mission-focused organization that works with communities to help them thrive.”
The Best Nonprofits To Work For 2022 rankings are based on these key drivers:
I feel I am valued in this organization.
I like the type of work that I do.
I have the confidence in the leadership of this organization.
Most days, I feel I have made progress at work.
At this organization, employees have fun at work.
This organization treats me like a person, not a number.
Overall, I’m satisfied with this organization’s benefits package.
I feel I can trust what my supervisor tells me.
Quality is a top priority with this organization.
This organization helps me pursue a career path that aligns with my skills and interests.
The rankings are based on a survey of participating nonprofits, including employees, managers, and outside vendors. The survey asks respondents to respond to 77 statements within eight categories.
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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.
April 28, 2022 (Arlington, VA) – Today, Capital Impact Partners announced the inaugural class of its Housing Accelerator Fellowship (HAF) program. The group consists of 15 of the region’s emerging real estate developers.
The goals of this new program, funded by a grant of more than $5 million from the Amazon Housing Equity Fund, include increasing the number of community-rooted real estate developers and helping to grow the affordable housing stock in this region.
The Amazon Housing Equity Fund is the company’s more than $2 billion commitment to preserve and create affordable housing in Amazon’s hometown communities — the Arlington, Virginia region; the Puget Sound region of Washington state; and Nashville, Tennessee.
These first 15 Fellows 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 fellowship is a win-win for the D.C. metro area,” said Ellis Carr, president and CEO of Capital Impact Partners and CDC Small Business Finance. “We’re able to help these developers grow their businesses with invaluable training and mentorship, as well as potential access to funding toward their projects. And those projects will ultimately provide more affordable housing in a region that needs it.”
The 15 Developers
The first cohort features developers who are already creating and preserving affordable homes in the metropolitan D.C., Maryland and Virginia region:
Christopher Agorsor, New World Developers
Alexsis Blakely, Rosewood Strategies LLC
Odis Bledsoe, Home Answers Construction & Development
Tremayne Cobb, TOC Enterprises, LLC
Howard Ervin, Parallax Development Group, LLC
Dabrielle Goodwin, Eluvial Enterprise Inc.
Forest Hayes, Miller Beach Development LLC
Thomas Houston, Medici Road
Ayesha Johnson, A-Peace, LLC
Raymond Nix, Nix Development Company, LLC
Chi Perrus, Paragon Construction Group, Inc.
Valerie Sanderlin, FocusWorks LLC
Jason Saunders, BHI Construction and Real Estate Development
Ronette Slamin, Embolden Real Estate, LLC
Ernest Williams III, Wiltrust Group LLC
“The level of talent and the desire to support affordable housing initiatives that we have seen through this program so far are energizing,” said Catherine Buell, director of the Amazon Housing Equity Fund. “Bringing more voices, ideas and perspectives into the conversation around community building is how we are going to make the most meaningful and lasting change to affordable housing.”
Program Highlights
Capital Impact Partners’ Housing Accelerator Fellowship is a free, two-year, part-time professional development and career advancement program. It provides:
Real estate training with a focus on affordable housing production in the D.C. metropolitan area
Small group mentorship
Access to grant capital for pre-development expenses such as architectural and engineering costs; permitting, survey and site-planning fees; and market and feasibility studies. These funds are often the most difficult and most expensive to raise for developers.
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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.
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