Ellis Carr Named to Washington Business Journal’s Power 100 List
Ellis Carr is the president and CEO of Capital Impact Partners and CDC Small Business Finance, part of the Momentus Capital branded family of organizations. He was featured in the Washington Business Journal’s annual Power 100 list as one of 25 business leaders featured in the “Big Money & Financiers” section.
Capital Impact Partners awards Co-op Innovation Award to justice-oriented farm for apprenticeship program
“Rock Steady Farm — a queer- and trans-owned farm rooted in social justice, food access and farmer training — is being awarded $40,000 to develop and launch a paid apprenticeship program for queer and trans farmers and farmers of color. […] The funding was announced as part of the annual Co-op Innovation Awards, a joint project from Capital Impact Partners and National Cooperative Bank.”
Austin real estate developers receive Capital Impact Partners training to build more affordable housing
“Twenty small-volume real estate developers in Austin are participating in a training program designed to help them grow their businesses while simultaneously creating new affordable housing. Hosted by the city-backed nonprofit Austin Housing Finance Corp., the Small Developer Training Program is being led by Capital Impact Partners […] and HousingWorks Austin.”
New Cleveland Equitable Development Initiative hopes to increase diversity among real estate developers
“A new initiative is striving to increase diversity in the field of real estate development and to provide the tools to build the skills needed for success. The Cleveland Equitable Development Initiative began accepting applications from minority developers this week. The initiative is a joint effort among two local nonprofits, Cleveland Development Advisors and Village Capital Corporation, as well as a national group, Capital Impact Partners.”
Growing Diverse Housing Developers: New efforts in Atlanta are boosting Black developers
This article includes a spotlight on Growing Diverse Housing Developers, a $40 million nationwide initiative funded by the Wells Fargo Foundation to make real estate development more diverse. Capital Impact Partners is leading a coalition of three of the four organizations involved in the initiative.
Capital Impact Partners Recognized as the #1 Best Nonprofit to Work For
Capital Impact Partners was ranked as the #1 medium-sized nonprofit and #2 overall by The NonProfit Times, the leading publication for nonprofit managers. “This award is both validation for what we’ve done so far and motivation to continue to invest in our people. Training, resources, and a thriving culture will help us all do our best work,” said Kim Dorsett, Chief Human Resources Officer.
Momentus Securities: Collateralizing small business loans to use institutional capital to create local impact
Momentus Securities, part of the Momentus Capital branded family of organizations, was featured in this article by ImpactAlpha, a news outlet focusing on impact investing and sustainable finance: “Momentus’ social collateralized loan obligations are an example of the financial products emerging to fill the gap in small-business lending, particularly in low- and middle-income communities.”
Detroit projects by developers of color find grant funding through Capital Impact Partners’ Equitable Development Initiative
“Capital Impact Partners’ Equitable Development Initiative’s latest round of pre-development grants, which were awarded in January, will be distributing $415,000 to 19 graduates of the program, all of whom are developers of color. That funding will be used for 16 different projects and will involve developing or renovating an expected total of more than 293,000 square feet of space in Detroit and Highland Park.”
D.C. Mayor Bowser Administration Announces $500K in Nourish DC Grants to Food Businesses
“Nourish DC was created in 2021 to support the growth of locally owned small food firms in communities underserved by grocery and other amenities. The Bowser administration has awarded over $4.5 million in funding to Capital Impact Partners to serve as the Nourish DC program administrator. Each of the grantees will receive technical and loan assistance to support their businesses all-year round through Capital Impact Partners.”
Q&A with Aaron Gougis, Dallas Initiatives Manager at Capital Impact Partners/Momentus Capital
The Dallas Business Journal recognized Aaron Gougis, the Dallas Initiatives Manager for the Momentus Capital branded family of companies, in its annual “Leaders in Diversity” awards. In this Q&A, Gougis talks about the challenges that diverse developers face and potential solutions to those challenges.