How To Use Historic Tax Credits To Promote Community Development

By Danielle Graceffa, Senior Director, Legal Services

Real estate development has always been a risky proposition, fraught with numerous challenges that must always be carefully balanced against the promise of reward.

Throw in the possibility of rehabbing historic properties and that risk-reward scenario is certainly amplified. The city of Detroit, where we have our Midwestern office, is a perfect example.

Founded in the 1700s, the city has witnessed various transformations, with Henry Ford setting the stage for Detroit to become the booming manufacturing center that it is best known as. During that time, the population swelled from around 200,000 residents to well over 1.5 million.

Young male stands in front of abandoned building.

COIN: Building economic clout to fight neighborhood poverty

By Ellis Carr, President and CEO and Scott Sporte, Chief Lending Officer

Note: This Op-Ed originally appeared in the publication Capital Weekly.

According to the U.S. Census Bureau’s report The Supplemental Poverty Measure: 2015, nearly eight million people in California were living in poverty in 2015. The report indicated that the state’s poverty rate was 20.6 percent—well above the national rate of 15.1 percent—and surpassed the rates of every other state in the nation.

Capital Impact Earns ‘AA’ S&P Global Rating. What that means for you.

By Ellis Carr, President and CEO

I am excited to kick off 2017 with the news that Capital Impact Partners has earned a ‘AA’ issuer credit rating with a stable outlook from S&P Global!

S&P Global’s analysis recognized our strong asset quality and liquidityminimal risk profile, and consistent growth in loans and assets. I invite you to read more detail in our press release and S&P’s full analysis report.

Preparing quesadillas for meal delivery

Small Grants Make a Big Impact in Increasing Healthy Food Access

By Olivia Rebanal, Director of Loan Programs

Farmers plant seeds in California's Central ValleyCalifornia may be an agricultural center of the nation, but more than one million Californians live in neighborhoods without easy access to a full service grocery store. This lack of access to fresh foods can lead to poor health outcomes and diet-related diseases, including diabetes, heart disease, and obesity.  Communities of color are disproportionately affected.  Capital Impact Partners has worked for years to address this issue, and to help more communities get access to grocery stores or mobile markets.

Graphic representing all the sectors in which NMTCs are used

New Markets Tax Credits: A Proven Tool for Generating Opportunity in Low-Income Communities

By Scott Berman, Director, Policy and Development

The lack of capital for real estate projects, community facilities, and small businesses in low-income communities is a problem that spawns a host of other problems. When there is limited access to capital, there are fewer businesses and jobs, fewer sources of affordable housing, and fewer chances for these communities and their residents to enter the economic mainstream of American life. In short, the lack of capital perpetuates the lack of opportunity.

What Does it Mean to Age Strong?

By Candace Baldwin, Director of Strategy, Aging in Community

Making a community a great place to live and work while also supporting the needs of low-income and vulnerable older adults is difficult. It takes patience, planning, and a group effort.

With this goal in mind, Capital Impact Partners joined with the AARP Foundation and Calvert Foundation to create the Age Strong initiative. Our goal? To build a first of its kind program that enables all of us – whether individuals or retail operators or philanthropic enterprise – to support strong and vibrant communities that can help low-and-moderate income individuals who are 50 and older to age with dignity, independence, and security.

A Holistic Approach to Healthy Food Financing

 

By Scott Sporte, Chief Lending Officer

Healthy food financing isn’t just about health.

HFF_blog_familyThere is no doubt that improving access to fresh, nutritious foods in low-income communities can help people improve eating habits and prevent diet-related diseases, such as obesity, high blood pressure, diabetes, and heart disease.

But the impacts for people and communities are even greater than that.

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