Capital Impact Partners CEO Ellis Carr and CDC Small Business Finance CEO Kurt Chilcott

Alliance CEOs – Opinion: Equitable revitalization critical to Detroit’s future (Detroit News)

With a mission to empower equitable community growth, CDC Small Business Finance and Capital Impact Partners recently launched three place-based pilot programs as part of our new alliance. The pilots are in Detroit, Los Angeles, and Washington, D.C. Metropolitan (D.M.V).  Cross-organizational teams have been engaging with these communities to identify the unique issues of each city.

As part of the alliance’s focus on Detroit, CDC Small Business Finance’s CEO, Kurt Chilcott, and Capital Impact Partners CEO, Ellis Carr recently wrote an op-ed about their holistic approach to community and economic development that was published in The Detroit News.

Teacher works with students at desks

Learning to Change: Reflections of the CDFI Racial Equity Collaborative on Education

This post was written by OFN Blog guest authors and OFN members BlueHub Capital, Capital Impact Partners, IFF, Nonprofit Finance Fund, LISC, Low Income Investment Fund (LIIF), Reinvestment Fund, and Self-Help 

Introduction 

In recent years, community development financial institutions (CDFIs) and similar mission-oriented financial services organizations have begun to elevate the importance of explicitly addressing racial equity in lending, investing, and operational practices. While this goal remains urgent, it is also a challenge to determine precisely how to incorporate or operationalize racial equity into our varied work. How do CDFIs incorporate an explicit racial equity perspective into their lending? What work do we need to do as institutions and individuals to genuinely build that racial equity perspective? And how might we collaborate across our industry to successfully achieve that goal?  

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