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NMTC Giving Meals on Wheels San Francisco Room to Grow
2019
New Markets Tax Credit, a program of the U.S. Treasury’s CDFI Fund, is designed to help attract private capital to support community development efforts. This article illustrates how Capital Impact used NMTCs to facilitate the financing of a Meals on Wheels kitchen in San Francisco — even though it is one of the most expensive U.S. cities in which to build. This support will help the program provide more than two million meals to needy residents.
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Bringing Community Development Lenders Back to their Roots
Based on a panel discussion at the annual SOCAP conference, a gathering of 3000 social impact investors, this article looks back at the roots of the CDFI industry. Based on interviews with leading CEOs, including Ellis Carr, the article explores the challenges and opportunities facing CDFIs as they work to stay true to those roots while maintaining financial viability.
Op-Ed: Transformative Power of Co-ops
The cooperative model challenges the status quo and offers workers an alternative to longstanding economic extractive systems, notes Alison Powers, Capital Impact Partners’ Cooperative & Community Initiatives Manager. In this op-ed, she lays out the case for how co-ops remain a powerful tool to disrupt income inequality, and steward community ownership and asset building.
CDFIs are Filling Lending Gaps in Local Financial and Community Development Systems
From automobile lending to small-business support to large-scale projects, Community Development Financial Institutions (CDFIs) are having a range of impact across Michigan. In this educational piece about the sector, Capital Impact’s work is recognized for helping to create density and promote economic viability in Detroit as well as other communities, including Flint.
Op-Ed: Battling Inequity in Food Systems with Entrepreneurship
A number of leadership organizations and initiatives – from large to small – are working to bring about greater economic opportunity in the food system and improve access to healthy food.
New Loan Fund to Boost Entrepreneurs
With funding from JPMorgan Chase and the A. James & Alice B. Clark Foundation, Capital Impact was tasked with launching the EOC Fund in Washington, D.C. Together with our lending partners, we are helping minority entrepreneurs get access to low-cost loans to jumpstart their enterprises.
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The $500 Million Plan to Ease the Bay Area Housing Crisis
The availability of affordable housing in the San Francisco Bay Area is a crisis for many residents across the region. To help reverse this trend, Capital Impact was asked to join the Partnership for The Bay’s Future, a $500 million initiative led by Chan Zuckerberg and other key funders. Our shared goal is to stabilize housing for 175,000 families within the next five years.
A Black-led Food Co-op Grows in Detroit
Through its Michigan Good Food Fund, Capital Impact invests in high-impact food projects and provides technical assistance across the state. As Olivia Rebanal, Capital Impact’s Director of Food Systems, notes in the article, “we prioritize our work with food cooperatives because we feel the model allows for the creation of quality jobs.”
“We can all be placemakers”: The programs training Detroiters in development
2018
For many entry-level real estate developers, getting a foot in the door can be difficult, with limited opportunities to gain experience and obtain capital. Organizations see this lack of representation as a major gap, particularly given that community perspectives and experience can a city’s growth. Model D looks at how two key programs, including Capital Impact Partners’ EDI program, are working to bridge that gap.
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