Arlington, VA (March 16, 2020) –Dear Colleagues and Partners –
In accordance with recommendations to protect the health and safety of our staff, colleagues, and partners amidst the coronavirus outbreak, we wanted to inform you of the immediate operational changes instituted at Capital Impact Partners.
First and foremost, Capital Impact remains fully open for business.
Centering equity and inclusion internally supports Capital Impact’s mission to help communities transform into places of opportunity, wealth building
Arlington, VA (March 16, 2020) – In the fourth quarter of 2019, Capital Impact Partners continued to center equity and inclusion in our work with communities and within our organization, recognizing that systemic change requires continually evolving our practices. Working to serve our neighbors in community, Capital Impact announced today that our financing and investment efforts in the fourth quarter served nearly 138,000 beneficiaries and created nearly 750 permanent and construction-related jobs.
Industry’s first publicly available, searchable resource of impact investing fund managers sees record number of applicants and assets; New emerging impact manager category brings awareness of innovative trailblazers breaking new ground in impact investing
BETHESDA, Md. (February 25)—For the third consecutive year, ImpactAssets named Capital Impact Partners to its ImpactAssets 50 (IA 50), a publicly available, online database for impact investors, family offices, financial advisors, and institutional investors that features a diversified listing of private capital fund managers that deliver social and environmental impact as well as financial returns.
Awards First “Challenge Grants” to Seven Bay Area Cities & Counties Leading Innovative Housing Efforts and $30 Million in Loans to Developers Producing and Preserving Affordable Homes
REDWOOD CITY, CALIFORNIA (February 4, 2020) – Bay Area elected officials, community, faith, and business leaders, and philanthropic funders marked the first anniversary of the Partnership for the Bay’s Future by announcing the recipients of the Partnership’s first-ever “Challenge Grants” to seven Bay Area local governments and nonprofit partner organizations that are developing innovative housing policies. The Partnership also announced commitments that will allow it to reach its $500 million investment goal ahead of schedule and has already closed seven loans to entities building new affordable housing or preserving existing affordable homes.
Oversimplified CRA metrics would damage local responsiveness and lessen social impact
Joint Statement by:
- IFF CEO Joe Neri
- Capital Impact Partners President and CEO Ellis Carr
- Low Income Investment Fund CEO Dan Nissenbaum
- Reinvestment Fund President and CEO Don Hinkle-Brown
January 29, 2020 – We are deeply concerned by Comptroller Joseph Otting’s proposed changes to the Community Reinvestment Act (CRA), the subject of today’s hearing by the House Financial Services Committee. The Office of the Comptroller of the Currency (OCC) and the Federal Deposit Insurance Corporation (FDIC) have set forth a proposal that must be reevaluated to preserve the fundamental purpose of CRA – to address inequalities in bank lending and to drive investments toward impactful community development activities.
$3.3 million grant will be used to leverage $13 million in affordable housing investments across D.C.’s eight wards
WASHINGTON, DC/ARLINGTON, VA (January 17, 2020) – For the second straight year, Washington, D.C.’s Department of Housing and Community Development (DHCD) has named Capital Impact Partners as a manager of the District’s Housing Preservation Fund (HPF). DHCD’s new $10 million in Preservation Funds, when leveraged by the fund managers that also include LISC and the Low Income Investment Fund (LIIF), will bring the fund to a record $116 million. Capital Impact was awarded a $3.3 million grant as part of this announcement, which the organization expects to leverage at a 3:1 ratio to deploy an additional $13 million in loans to help preserve more than 340 homes across the District.
Fostering equity and inclusion through lending and programmatic initiatives is driving opportunities for community wealth building
Arlington, VA (December 5, 2019) – In the third quarter of 2019, Capital Impact Partners continued to center equity and inclusion in our work with communities. Championing community assets as a starting point for building community wealth both builds the inherent power of our neighbors and addresses the systemic cause of inequities, increasing the sustainability of solutions. As part of this effort, Capital Impact announced today that its financing and investment efforts in the third quarter served nearly 41,000 beneficiaries and created nearly 250 permanent and construction-related jobs.
CDFI Program awards will support innovative initiatives for equitable community development
Arlington, VA (November 20, 2019) The U.S. Department of the Treasury’s Community Development Financial Institutions Fund (CDFI Fund) announced yesterday that Capital Impact Partners was awarded $2.8 million in grants through the 2019 round of the CDFI Program. The organization was the 5th highest awardee among 412 applicants. The awards will enable Capital Impact Partners to expand its Equitable Development Initiative (EDI) in Detroit and develop a new loan product for EDI graduates; support job training, supportive housing, and health services for individuals with disabilities in California; and expand its Michigan Good Food Fund.
Innovative, Two-Year Pilot Program Provides Critical Training to Help Developers of Color Spearhead Real Estate Projects
November 19, 2019 (Washington, D.C./Arlington, VA) – While the local real estate market is booming across the Washington Metropolitan area, developers of color are severely underrepresented in a market dominated by large global and national firms. In an effort to reverse this alarming trend, Capital Impact Partners announced the expansion of its Equitable Development Initiative (EDI) into the D.C. area to help local minority real estate developers who represent the region’s diversity take a leadership role in shaping the development landscape within the local context. The program’s first cohort will provide 35 new minority developers with training, mentorship and networks, and pathways to access the capital necessary to grow their businesses.
Institutions and individuals can earn a financial, as well as a social, return on their investments through Capital Impact’s social impact investment notes
Arlington, VA (August 23, 2019) — Capital Impact Partners, a nonprofit corporation, certified by the U.S. Department of Treasury’s Community Development Financial Institutions Fund as a Community Development Financial Institution (CDFI), announced the launch of its 2019 Capital Impact Investment Notes (Notes) Prospectus, and S&P Global A+ rating. The Investment Notes allow retail and institutional investors the opportunity to invest in the mission-driven organization’s nationwide efforts to create social impact for underinvested communities. Available for as low as $1,000, individual and institutional investors can purchase Notes through their brokerage accounts and earn a financial, as well as a social, return on their investments.