National Non-profit CRF, USA, Issues $200 Million in Federally Guaranteed Bonds
Top-rated Lenders Capital Impact Partners, IFF, Low Income Investment Fund and The Reinvestment Fund Will Support Economic Development Projects with Largest Issuance in Program’s History
MINNEAPOLIS – Oct. 14, 2014—On behalf of four of the nation’s leading community development financial institutions (CDFI), Community Reinvestment Fund, USA, has issued a $200 million bond; the largest bond issue in the first two rounds of the U.S. Treasury Department’s CDFI Bond Guarantee Program. The four CDFIs—Capital Impact Partners, IFF, Low Income Investment Fund and The Reinvestment Fund—will use bond proceeds to finance projects that will create jobs and increase access to critical services in underserved communities across the nation.
Washington, DC (August 26, 2014) Capital Impact Partners today received $4 million in award funding from the U.S. Department of Treasury’s Community Development Financial Institutions Fund (CDFI Fund). Capital Impact Partners will use this grant to expand its strategic financing efforts and support increased access to quality health care and education, healthy foods, affordable housing and dignified aging alternatives for underserved communities.
Fund provides financing for projects that increase access to affordable housing and fresh, healthy foods
Detroit, MI/Arlington, VA (July 10, 2014) – Capital Impact Partners and JPMorgan Chase & Co. today announced the launch of the $30 million Detroit Neighborhoods Fund supporting the revitalization of Detroit. The Fund provides financing for multi-family residential properties, mixed-use real estate and grocery stores. The goal is to increase housing options for those with low and moderate incomes and help eliminate “food deserts” or other areas with limited access to fresh, healthy foods.
Arlington, VA (June 21, 2014) Capital Impact Partners is pleased to announce that it has been selected as one of The Washington Post Top Workplaces.
The Top Workplaces are determined based solely on employee feedback. The employee survey is conducted by WorkplaceDynamics, LLP, a leading research firm on organizational health and employee engagement.
Capital Impact Partners is a leader in financial and social innovation for communities. A non-profit community development financial institution, we deliver new ways of investing in people and programs that deliver social change and solid financial returns. Employees are dedicated to the organizational mission of helping people and communities reach their highest potential at every stage of life.
“It is an honor and a pleasure to come to work everyday,” said Terry Simonette, president and CEO of Capital Impact Partners. “Our staff’s commitment and dedication to our mission and core values make this a marvelous place to work. And, our work is helping to build communities in areas most in need.”
Capital Impact Partners has disbursed nearly $2 billion nationwide over the last 30 years to help build health, vibrant communities —where people have access to quality health care, affordable housing, healthy foods, and quality public education; where people can age successfully in the communities they call home; and where people can live independently and yet their lives are inextricably bound as part of something bigger.
Capital Impact Partners is pleased to announce a Request for Applications to the California Community Health Center Financing Program. This low-cost financing program has been created to specifically support community health centers throughout California by The California Endowment (TCE), Community Health Center Capital Fund and Capital Impact Partners. Flexible loans at 4% interest rate are available to finance facility projects and/or equipment purchase.
Community health centers that are nonprofit, tax-exempt clinics licensed as community or free clinics, as defined under Section 1204 of the California Health and Safety Code are eligible. They may be Federally Qualified Health Centers (FQHCs) or FQHC Look-Alikes, as well as school-based health centers or mental health centers operated by FQHCs or FQHC Look-Alikes.
WASHINGTON (June 5, 2014) —The U.S. Department of Treasury’s CDFI Fund has awarded Capital Impact Partners $43 million in New Markets Tax Credit (NMTC) allocation. Capital Impact Partners is one of 87 organizations to receive a combined $3.5 billion in NMTC, which are designated for community development organizations to help save and create jobs and spur economic development in distressed communities.
Long-term investment will focus on Detroit’s community development, blight mitigation, job skills training, small business promotion and other economic growth initiatives
May 21, 2014 (Detroit) – JPMorgan Chase & Co. unveiled today a $100 million, five-year commitment to support and accelerate Detroit’s economic recovery and strengthen its communities. This long-term investment is the Firm’s largest commitment to a city and among the largest corporate commitments to Detroit. It builds upon the Firm’s deep roots as one of Michigan’s leading financial services providers and corporate citizens.
Previously Vacant Historic Building Will House 25 Rental Apartments
ARLINGTON, VA (March 4, 2014) – As yet another symbol of the revitalization of Detroit’s urban center, Midtown Detroit will soon be home to an additional 25 rental apartments, thanks to an important collaboration between the State of Michigan, two community development finance institutions (CDFIs) and a community organization. The 609 E. Kirby Project, made possible by the Living Cities Catalyst Fund, will renovate a currently vacant historic building that served as the first Hebrew School in the City of Detroit. Originally constructed in 1922, the building sits in the immediate vicinity of the Detroit Institute of Arts.
The two CDFIs—Capital Impact Partners and Invest Detroit—partnered with the Michigan Economic Development Corporation and the University Cultural Center Association, a subsidiary of Midtown Detroit, Inc., to provide more than $4.25 Million in financing for the transaction.
