IDG and Centro de Trabajadores Unidos: United Workers’ Center each receive $25,000; CLEAN Carwash receives $50,000 prize
Arlington, VA and New York (May 7, 2019) – Co-ops have real power to transform structurally disinvested communities into strong, vibrant places of opportunity. Through Capital Impact Partners’ Co-op Innovation Award, three cooperative organizations have the chance to create systemic change in their communities. For the fifth annual Co-op Innovation Award, Capital Impact Partners and The Workers Lab partnered to award grants totaling $50,000 to the Independent Drivers Guild and Centro de Trabajadores Unidos: United Workers’ Center, and to award a $50,000 grant to CLEAN Carwash. These awards recognize organizations leading initiatives that address workers’ rights as well as wealth building and asset creation for immigrant workers.
Program supports greater opportunities for minority real estate developers in Detroit
(DETROIT, April 30, 2019) – Capital Impact Partners is pleased to announce the second cohort of participants in its Detroit Equitable Development Initiative (EDI). In the long term, this program aims to support wealth building for local real estate developers of color while also encouraging mixed-income neighborhood development throughout the city. In the short term, it connects participants with the knowledge, connections, and resources necessary to engage in small- to mid-scale multifamily and mixed-use real estate development projects in Detroit.
Catalyzing community engagement and investing in communities of color in regions nationwide is enabling underinvested communities to raise their voices to overcome structural racism and discrimination
Arlington, VA (March 13, 2019) – In 2018, Capital Impact Partners invested time and capital to empower communities of color and underinvested individuals across the country. Capital Impact announced today that its fourth-quarter financing and investment efforts are expected to serve more than 153,000 beneficiaries and create more than 2,200 permanent and construction-related jobs. The organization convened community members to envision what is needed to foster inclusive food systems that support prosperity for all community members. Capital Impact also reached a milestone with its S&P-rated Investment Notes, selling more than $100 million to institutional and retail investors.
Free Online Database Connects Investors to Fund Managers that Deliver Social, Environmental, and Financial Returns
Arlington, VA (February 26, 2019) – Capital Impact Partners, a leading mission-driven Community Development Financial Institution, announced today that it has been named to ImpactAssets’ 2019 impact investing showcase, the ImpactAssets 50 (IA 50). The eighth annual guide features fund managers representing private debt and equity investments that deliver social and environmental impact as well as financial returns. This represents the second year in a row that Capital Impact has been named to the IA 50.
Arlington, VA, Chicago, Ill, and Boca Raton, FL (February 12, 2019) – Capital Impact Partners today announced that it has achieved a significant impact investing milestone by selling more than $100 million of Capital Impact Investment Notes through Incapital LLC’s nationwide network of broker-dealers, institutions, and financial advisors. Capital Impact has seen robust interest in these AA-* rated Notes that are still the only offering by a Community Development Financial Institution (CDFI) that is S&P rated, DTC-settled and offered on a continuous basis through brokerage accounts in almost all U.S. states.
The Entrepreneurs of Color Fund will provide capital and business training to underserved minority entrepreneurs in the Washington, D.C. region.
February 11, 2019 (Washington, D.C.) – Capital Impact Partners joined JPMorgan Chase today to announce the expansion of the Entrepreneurs of Color Fund in the Washington, D.C. area. The Fund will support local minority entrepreneurs through access to capital and technical assistance.
The Partnership for the Bay’s Future will protect tenant rights and promote one of the largest housing investment funds in the country
SAN FRANCISCO — Today, Capital Impact Partners joins Bay Area community and faith leaders, housing advocates, business leaders, and philanthropists to launch a regional public-private housing partnership that will build one of the country’s largest investment funds to address the regional affordable housing crisis.
NEW YORK & ARLINGTON, VA — (BUSINESS WIRE) (January 16, 2019) — Annaly Capital Management, Inc. (NYSE:NLY) (“Annaly”) and Capital Impact Partners (“Capital Impact”) today announced the launch of a new joint venture (“Venture”) with a $25 million commitment to support affordable housing and other community development projects in Washington, D.C. (“D.C.”). This Venture represents Annaly’s second impact investing partnership since 2017 with Capital Impact, a national mission-driven non-profit community development financial institution.
Broadening opportunities for low-income communities – through investments in health, education, and community development –are helping to address systemic disenfranchisement and expand equity
Arlington, VA (December 11, 2018) – Throughout 2018, Capital Impact Partners has continued to invest in shared prosperity, equity, and inclusion for its communities nationwide. With income inequality, mass incarceration, wealth stripping, and other forms of structural discrimination continuing unabated, breaking barriers to success for underinvested communities has become ever more important. Capital Impact announced today that its third-quarter financing and investment efforts are expected to serve more than 14,500 beneficiaries and create more than 515 permanent and construction-related jobs. The organization also produced two new reports focused on financial inclusion of returning citizens and the promise of worker cooperatives.
Organization is among select group to receive both financial assistance and healthy food financing awards
Arlington, VA (September 19, 2018) Capital Impact Partners announced today that it has received $3.7 million in grants from the U.S. Department of the Treasury’s Community Development Financial Institutions Fund (CDFI Fund) to increase its mission-driven lending and investment efforts in low-income and economically distressed communities. Capital Impact Partners will use this funding to expand financing activity in Detroit to further its inclusive growth strategy in the city, as well as support for healthy food-related projects delivering social and economic impact across Michigan more broadly.