Financing To Support Growth and Innovation at Community Health Centers and Clinics That Improve Health Care Access for Uninsured and Underserved Californians
Arlington, VA/Oakland, CA (February 17, 2016) – Capital Impact Partners today announced the launch of the Healthier California Fund, a new $20 million loan fund for projects that support growth and innovation at community health care centers and clinics in underserved, low-income California communities. This initiative, in partnership with The California Endowment, will help build the capacity of health centers and clinics throughout the state to deliver quality health care to an even greater number of patients in need, provide better interest rates for projects that support innovative health care approaches, and support health centers that need technical assistance to grow their operations.
Chief Financial Officer Ellis Carr Named to Replace Terry Simonette
Arlington, VA (January 12, 2016) – Capital Impact Partners today announced that Terry Simonette will retire after nearly three decades of serving as the organization’s president and chief executive officer. Ellis Carr, current chief financial officer, has been named as Mr. Simonette’s replacement beginning in the spring of 2016.
$4-million development brings much needed housing and retail to Detroit’s New Center
DETROIT, MI (November 10, 2015) – The Regis Houze, the first project of the Capital Impact Partners-managed Woodward Corridor Investment Fund (WCIF), held its ribbon-cutting ceremony today in a prime location just off Woodward Avenue in the New Center area of Detroit.
The $4 million development led by Barbat Holdings brings much needed workforce housing and retail space to an area where occupancy rates have hovered at 98 percent. Construction on the project has created 144 temporary jobs, and 17 permanent jobs are expected to be filled through the retail space on the bottom floor of the building.
21.6 million in Q3 Financing Creates 133 Permanent and 270 Construction Jobs
Arlington, VA (November 9, 2015) – Capital Impact Partners announced today that it provided $21.6 million in financing to projects delivering social impact for underserved communities across the U.S. during the third quarter of 2015. These projects include a milestone deal with Capital Impact closing its first loan under the U.S. Department of the Treasury’s nonprofit Community Development Financial Institutions CDFI Bond Guarantee Program.
Arlington, VA (October 12, 2015) – With Detroit rebounding from bankruptcy and beginning to see rapid redevelopment, some fear the revitalization will end up pushing out low-income and minority residents. But a new report from our Detroit Program lays out key elements for how the city can successfully implement an inclusive growth strategy that grows the economy while protecting current and future residents.
$70 Million Fund Will Finance Age-Friendly Community Projects
Washington, D.C. (October 8, 2015) – Capital Impact Partners today announced the launch of Age Strong™, an innovative social investment initiative that will lend a total of $70 million to enterprises that provide critical services and programs for struggling adults who are 50-plus. This initiative, in partnership with AARP Foundation and Calvert Foundation, aims to support enterprises and projects that create affordable homes, increase access to healthy foods, improve financial security, and offer more community-oriented models of care.
“CDFI Grid” Promotes Programs and Services from Area Community Development Financial Institutions
Detroit, MI (September 11, 2015) —Project developers and community members in Detroit now have an easy reference guide for finding financing from Community Development Financial Institutions (CDFI) for a range of needs, including consumer mortgages, business loans, real estate projects, and mixed-use developments.
Innovative Microlending Program Supports Local Business Assistance Agencies Increasing Healthy Food Access in Los Angeles County
Arlington, VA/Los Angeles, CA (August 5, 2015) – Capital Impact Partners and First 5 LA today announced their newest effort to help bring healthier food offerings to kids throughout Los Angeles, Calif. Through Capital Impact’s California Freshworks Fund, the organizations have deployed $2 million in loan capital to seven local business assistance agencies that will oversee microlending to enterprises focused on increasing access to healthy food for families with small children. This represents the first simultaneous impact investment into a cohort of microlenders at the Countywide level to collectively address the issue of food deserts via microentrepreneurship.
$27.5 million in Financing Drives Social Impact and Job Creation for Underserved Residents Across Seven States
Arlington, VA (July 28, 2015) – Capital Impact Partners announced today that it provided nearly $27.5 million in financing to projects delivering social impact for underserved communities across the U.S. during the second quarter of 2015. These projects are expected to increase access to health care services, dignified aging options, healthy food, and education for low-income people in seven states, while also creating nearly 250 jobs.
Capital Impact Partners today announced the launch of the Healthier California Fund, a new $20 million loan fund for projects that support growth and innovation at community health care centers and clinics in underserved, low-income California communities. This initiative, in partnership with The California Endowment, will help build the capacity of health centers and clinics throughout the state to deliver quality health care to an even greater number of patients in need, provide better interest rates for projects that support innovative health care approaches, and support health centers that need technical assistance to grow their operations.
Arlington, VA (January 12, 2016) – Capital Impact Partners today announced that 
