First of its kind approach working to increase access to healthy food and drive economic development
June 9, 2015 | Lansing, Mich. – The Michigan Good Food Fund—a new public-private partnership loan and grant fund created to address lack of healthy food access in rural and urban communities alike by supporting good food entrepreneurs across the state—launches today.
Community Health Center Financing, Job Creation, FHLBank Atlanta Membership Highlights of First Quarter Achievements
Arlington, VA (June 2, 2015) – Capital Impact Partners announced today that it provided nearly $32 million in financing to projects in underserved communities during the first quarter of 2015. Capital Impact financed four Federally Qualified Health Center (FQHC) projects that will enable additional access to integrated health care for more than 17,000 low-income or uninsured patients around the country. The quarter was also marked by Capital Impact joining the Federal Home Loan Bank of Atlanta (FHLBank Atlanta) and leadership recognition for two of the organization’s senior staff members.
CONCORD, N.H. (May 1, 2015) — In less than seven years, ROC USA® — an organization of which Capital Impact Partners is a founding investor — has built on a proven strategy of resident ownership in manufactured home communities and scaled it across the country, transforming communities and building a network of 10,000 secure and affordable homes with partners in 14 states.
Arlington, VA (April 30, 2015) – Capital Impact Partners announced today that it has awarded $40,000 to the Democracy at Work Institute and United States Federation of Worker Cooperatives through its first Co-op Innovation Award. These organizations were chosen for their track record in providing high quality technical assistance to startup and existing co-ops as well as their leadership in scaling the cooperative model with a focus on low-income communities.
Arlington, VA / Atlanta, GA (March 18, 2015) – Capital Impact Partners today announced that it has joined the Federal Home Loan Bank of Atlanta (FHLBank Atlanta) cooperative of eligible commercial banks, credit unions, savings institutions, community development financial institutions and insurance companies. As an FHLBank Atlanta member, Capital Impact has access to the competitively priced financing, community development grants and other banking services that help the more than 900 of the Bank’s member financial institutions grow and prosper.
Detroit Revitalization, Community Health Centers and New Markets Tax Credits Are Key Elements of Project Financing in Underserved Communities
Arlington, VA (February 12, 2015) – Capital Impact Partners announced today that its 2014 fourth quarter lending to projects in underserved communities topped $45 million. Highlights of this financing included continued Capital Impact leadership in funding Federally Qualified Health Center (FQHC) projects to increase the availability of healthcare to low income residents, supporting inclusive housing growth in Detroit by closing the first loan through the organization’s partnership with JPMorgan Chase & Co., and leveraging New Markets Tax Credits (NMTC) to support a variety of projects.
Tool is a Proven Solution for Affordable Housing in Underserved Communities
Washington, DC (January 27, 2015) – We can say with growing certainty that the economy is in recovery. Unemployment, the stock market, and other economic indicators have reached pre-recession levels. However, millions of low-income American families are still struggling to find stable, affordable housing.
According to a recent Zillow report, rents are up 52 percent nationally since 2000, while renters’ incomes have only increased 25 percent. More than half of households earning less than $30,000 a year spend half their income on rent, leaving little for necessities such as food, medical care, transportation, or savings. There is simply not enough housing affordable to poor households.
Washington, DC (November 25, 2014) The U.S. Department of Treasury’s Community Development Financial Institutions Fund (CDFI Fund) today named Annie Donovan as its new Director. Ms. Donovan served as the Chief Operating Officer (COO) of Capital Impact Partners for more than eighteen years. As COO of Capital Impact, Ms. Donovan was responsible for leading the company’s efforts in community lending, technical assistance, strategy formation, product innovation and policy development.
Leading Community Financial Development Institution Utilizes New Markets Tax Credits To Finance State’s First GREEN HOUSE® Project
Loveland, CO (October 21, 2014) – Capital Impact Partners, in partnership with the Loveland Housing Authority, today announced the opening of Colorado’s first ever GREEN HOUSE® Project facility. A radically new, national model for skilled nursing care, Green House homes are designed from the ground up to look and feel like a real home for 10-12 residents, returning control, dignity and a sense of well-being to elders and their families, while providing high-quality, personalized care.
Milestone achieved as part of third quarter lending efforts to increase housing, charter school and community health center access
Arlington, VA (October 8, 2014) – Capital Impact Partners announced today that its community development financing work topped the two billion dollar mark across the organization’s 30-year history. Capital Impact Partners has financed projects in underserved communities nationwide, helping more than 3 million low-to-moderate income people have increased access to better health care and education, healthy foods and alternative care options for older adults.
