Capital Impact Partners Wins $4.8 Million Award To Expand Affordable Housing

Capital Magnet Fund Award Will Support Detroit Revitalization Efforts

Arlington, VA/Detroit, MI (September 23, 2016)— Capital Impact Partners announced today that it has received a $4.8 million grant through the fiscal year 2016 round of the U.S. Department of the Treasury’s Capital Magnet Fund (CMF). Capital Impact Partners will use the funding to build upon its concentrated work in Detroit and expand affordable housing across this city.

Four people dig shovels into a mound of dirt at the Elliott groundbreaking

Capital Impact Partners Increases Access to Health Care, Education and Housing Through Strong Performance in First Half of 2016.

$52.5 million in financing supports projects in underserved communities across five states

Arlington, VA (August 26, 2016)Capital Impact Partners announced today that it provided $52.5 million in financing to projects delivering social impact for underserved communities across the U.S. during the first half of 2016. In particular, second–quarter loans increased 55 percent over the same quarter in 2015. These loans support projects that increase access to housing, health care and education for low-income communities while also creating hundreds of jobs.

First Healthier California Fund Loan Provides Financing for New Tri-City Health Center

First Healthier California Fund Loan Provides Financing for New Tri-City Health Center

Financing supports increased health care and dental access for uninsured and underserved Californians

Arlington, VA/Oakland, CA (July 18, 2016)Capital Impact Partners today announced $1 million in financing for Tri-City Health Center’s newest clinic in Fremont, California serving 8,000 patients. This represents Capital Impact Partners’ first Healthier California Fund loan.  This new lending initiative provides financing to help community health centers and clinics increase access to medical, dental and behavioral health services for California’s underserved, low-income residents, and in turn, meet Affordable Care Act (ACA) mandates.

Capital Impact Partners Announce Winners of Second Annual Co-op Innovation Award

Democracy at Work Institute and Project Equity Share $45,000 Prize

Arlington, VA (April, 25 2016)Capital Impact Partners announced today that it has awarded grants totaling $45,000 to the Democracy at Work Institute and Project Equity, co-winners of its second annual Co-op Innovation Award.  The award is given to recognize those organizations that demonstrate leadership in bringing the cooperative model to scale and in creating social impact for low-income communities.

Capital Impact Partners Marks Fourth Quarter with Largest Loan in Organization’s History

$54.8 million in Q4 financing across six states supports 17% growth over 2014 closed loans

Arlington, VA (April 1, 2016)— Capital Impact Partners announced today that it closed its largest direct loan to date during the fourth quarter of 2015. The loan was part of an overall financing effort of $54.8 million for projects in six states. Capital Impact finished the year with more than $130 million in total closed loans supporting projects that deliver social impact to underserved communities across the U.S.—a 17 percent growth from 2014.

New Healthier California Fund Finances Community Health Care Projects Serving California’s Low-Income Patients

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)CIP_CaliforniaHealthCenterFinancing_MapCapital 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.

Capital Impact Partners Announces CEO Transition

Chief Financial Officer Ellis Carr Named to Replace Terry Simonette

split screenArlington, 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.

First Affordable Housing Units Open Through Woodward Corridor Investment Fund

$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.

Capital Impact Partners Marks Third Quarter with First Loan Closing Under CDFI Bond Guarantee Program

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.

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