The Association for Black Economic Power and Sustainable Economies Law Center Share $50,000 Prize
Arlington, VA (May 1, 2017) – Capital Impact Partners announced today that it has awarded grants totaling $50,000 to the Association for Black Economic Power and the Sustainable Economies Law Center, co-winners of its fourth annual Co-op Innovation Award. This year, the award recognizes two organizations leading initiatives that address racial inequality and create social impact through economic empowerment for residents in low-income communities.
Arlington, VA (March 15, 2018) – Capital Impact Partners today announced two significant changes to its Executive Management Team. Scott Sporte, Capital Impact’s Chief Lending Officer since 2005, assumes the role of the newly created Chief Strategy & Innovation Officer. Diane Borradaile, formerly of the Low Income Investment Fund (LIIF), fills the Chief Lending Officer position.
$10 million Fund will be used to leverage private and philanthropic dollars to create $40 million for investing in affordable housing across D.C.’s eight wards
WASHINGTON, DC (March 14, 2018) – Washington, D.C.’s Mayor Muriel Bowser today announced that Capital Impact Partners and Local Initiatives Support Corporation-DC (LISC), two national nonprofit Community Development Financial Institutions (CDFIs), will manage the District’s newly created $10 million Affordable Housing Preservation Fund. The Mayor’s Housing Preservation Strike Force recommended the creation of this Fund, located within the Department of Housing and Community Development (DHCD), to increase the preservation of affordable housing in the District.
Free Online Database Connects Investors to Fund Managers that Deliver Social, Environmental, and Financial Returns
Arlington, VA (March 6, 2018) – Capital Impact Partners, a leading mission-driven Community Development Financial Institution, announced today that it has been named to ImpactAssets 2017-2018 impact investing showcase, the ImpactAssets 50 (IA 50). The seventh annual guide features fund managers representing private debt and equity investments that deliver social and environmental impact as well as financial returns.
Milestone achieved as part of record-breaking year supporting projects that increase access to critical social services
Arlington, VA (February 26, 2018) – Capital Impact Partners, a leading mission-driven Community Development Financial Institution, announced today it marked more than $2.5 billion in loans to underserved communities across the country since its founding.
Capital Impact reached this milestone by financing projects that increase access to a variety of fundamental social services, including quality health care and education, affordable housing, healthy foods, cooperative development, and the ability for older adults to age in their communities. This effort has touched the lives of more than five million people and created more than 37,000 jobs.
Investments in health, education, and dignified aging projects – as well as impact investing, partnerships, and capacity building – empowered disinvested communities to excel
Arlington, VA (February 26, 2018) – Summing up immense impact for underserved communities in 2017, Capital Impact Partners announced today that it provided more than $67.5 million in financing during the fourth quarter of 2017. This helped the organization reach a record loan volume of $220 million in 2017, as well as $2.5 billion in financing to underserved communities across its history. The fourth quarter also saw several significant developments for Capital Impact – from the launch of its impact investing program to an innovative program development initiative focused on equity– forging opportunities for advancement in disinvested communities.
Award Will Spur Endeavors to Increase Access to Social Services in Underserved Communities
Arlington, VA (February 13, 2018) — The U.S. Department of the Treasury’s Community Development Financial Institutions Fund (CDFI Fund) has awarded Capital Impact Partners a $65 million New Markets Tax Credit (NMTC) allocation. This award helps advance Capital Impact’s mission to increase access to critical social services in distressed communities, spur economic development, and create jobs by incentivizing private sector investors to partner in its community financing efforts.
$51 million in health, education and dignified aging projects advance equity for those most in need
Arlington, VA (December 22, 2017) — Capital Impact Partners announced today that it provided more than $51 million in project financing during the third quarter of 2017, supporting increased access to health care, education, affordable housing, and healthy food for underserved communities around the United States. These transactions – including a few returning borrowers – represent concrete impact and positive outcomes for individuals in areas that often suffer from underinvestment or have
To Members of the Tax Reform Conference Committee:
As leaders of four of the nation’s largest nonprofit financial institutions dedicated to improving economic opportunity in local communities, we write to urge your support for the preservation of the New Markets Tax Credit (NMTC) during upcoming negotiations on tax reform legislation.
Arlington, VA and New York, NY (November 1, 2017) — Capital Impact Partners and Annaly Capital Management, Inc. (NYSE: NLY) (“Annaly”) today jointly announced the launch of a new $25 million joint venture dedicated to supporting community development in underserved cities across the country. An innovative structure in the mortgage REIT sector, the collaboration provides direct financing for socially responsible projects in low-income communities while simultaneously enabling Capital Impact’s ability to further expand its work nationally.