Capital Impact Partners Names New Chief Lending Officer and Creation of Chief Strategy & Innovation Officer Position
Arlington, VA (March 15, 2018) – Capital Impact Partners today announced two significant changes to its Executive Management Team. Scott Sporte, Capital Impact’s Chief Lending Officer since 2005, assumes the role of the newly created Chief Strategy & Innovation Officer. Diane Borradaile, formerly of the Low Income Investment Fund (LIIF), fills the Chief Lending Officer position.
“These changes will strengthen our efforts to support communities and residents across the country. After leading our lending team through a period of geographic and sectoral growth, Scott will now help us more strategically focus our work to advance economic mobility, build wealth in underserved communities, and address important issues of equity and inclusion,” said Ellis Carr, President and CEO of Capital Impact Partners. “In addition, Diane’s extensive experience in our sectors, particularly her work in affordable housing, will enhance our ability to support projects that help build healthier communities.”
In his new role, Mr. Sporte will oversee a number of functions that had previously been spread across the organization, including: development and expansion of innovative programs and initiatives, social impact management, policy advocacy, communications, and strategic partnership development.
“This is an incredibly exciting opportunity to amplify Capital Impact’s innovative work and drive it into new areas,” said Mr. Sporte. “With work that includes supporting citizens reintegrating into society after incarceration; developing programs that create quality jobs for women and minorities through worker ownership; and deepening our impact in places like Detroit, Washington, D.C., and the Bay Area, our newly formed Equity and Impact Strategies team has some inspiring work underway to support our efforts to build communities of opportunity that break barriers to success.”
Ms. Borradaile takes over the Chief Lending Officer position from Mr. Sporte. Leading the organization’s national lending team, she oversees financing to community-based health care providers, nonprofit educational institutions, affordable housing developers, retail grocers and wholesalers, and other affiliated organizations. She will further work to identify debt, equity, and grants to implement and grow the organization’s lending programs.
“After collaborating with Capital Impact on a variety of projects to support communities across the U.S., I look forward to joining the team and directly supporting their mission-critical initiatives. My new colleagues truly show the way on equitable and integrative community development,” said Ms. Borradaile.
“Community Development Financial Institutions have a multifaceted role to play in our society, using the tools of lending and investment paired with sector-leading innovations. These changes to Capital Impact’s management team are reflective of that need,” said Rosemary Mahoney, Chair of Capital Impact’s Board of Directors. “With Scott’s newly created role, and the addition of Diane to the team, the organization is well positioned to serve as a driving force for deeper social impact.”
Ms. Borradaile previously served in a number of roles at LIIF, including most recently as Senior Vice President, National Markets and Capital Solutions, where she helped grow overall on- and off-balance sheet loan closing volume by 35 percent. Prior to her arrival at LIIF, Ms. Borradaile established a strong community development background with particular expertise in affordable housing while with a variety of the nation’s largest private sector financial institutions. This included a number of leadership positions with Bank of America, Citibank, and Chase Manhattan Bank.
She has rounded out her community development activities by serving on a variety of loan committees and boards, including serving as the Board Vice President for the Neighborhood Restore Housing Development Fund Corporation. Ms. Borradaile holds a Master of Public Administration from The Maxwell School, Syracuse University, and a Bachelor of Arts from The University of Michigan.
Mr. Sporte has more than 25 years of experience in community development finance, with two decades of that time at Capital Impact, working up from loan officer to Chief Lending Officer, beginning in 2005. In these roles, he was instrumental in growing the organization’s national footprint, and supporting lending efforts across multiple sectors including health care, education, healthy foods, affordable housing, cooperatives, and aging in the community. In 2017, Capital Impact celebrated key lending milestones including crossing over $2.5 billion dollars of loans disbursed across its history, and reaching a one-year record-breaking loan volume of $220 million.
Before joining Capital Impact Partners, Mr. Sporte spent five years in Michigan’s Upper Peninsula with Northern Initiatives, a rural CDFI providing startup and expansion financing to entrepreneurial businesses. Mr. Sporte holds degrees from Kenyon College and Yale Divinity School and serves on numerous boards, including ROC USA, Pacific School of Religion and St. Paul’s Episcopal School in Oakland, California.
About Capital Impact Partners:
Through capital and commitment, Capital Impact Partners helps people build communities of opportunity that break barriers to success. We deliver strategic financing, incubate new social programs, and provide capacity-building to help ensure that low-to-moderate-income individuals have access to quality health care and education, healthy foods, affordable housing, and the ability to age with dignity. A non-profit community development financial institution, Capital Impact Partners has disbursed more than $2.5 billion to revitalize communities over the past 35 years. Our leadership in delivering financial and social impact has resulted in Capital Impact earning a “AA” rating from S&P Global “AA” and being recognized by Aeris since 2005 for our performance. Headquartered in Arlington, VA, Capital Impact Partners operates nationally, with local offices in Detroit, MI, and Oakland, CA. Learn more at www.capitalimpact.org.