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Op-Ed: Transformative Power of Co-ops
2020
The cooperative model challenges the status quo and offers workers, especially workers of color, an alternative to longstand economic extractive systems, notes Alison Powers, Capital Impact’s 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.
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New model offers way to provide assisted living beyond traditional boundaries
The barriers and challenges to affordable senior living are numerous, especially for residents with low incomes. To combat this, Capital Impact is supporting a new model that enables residents living in subsidized senior and public housing to access fully licensed, affordable assisted living services traditionally delivered in stand-alone facilities.
Black-owned firm leads redevelopment of historic row homes in Hubbard Farms
Detroit natives W. Emery Matthews and Stan Edwards have long understood the corrosive impact of vacant buildings on their neighborhoods. That is why Capital Impact was proud to support the efforts of their Black-owned real estate firm to rehab an 1800s building into a new affordable housing building as part of a targeted neighborhood development plan developed with the community.
Impact investing seeks to address racial inequality
With $4 million in backing from JPMorgan Chase, Capital Impact Partners’ alliance with CDC Small Business Finance made international news, including the Financial Standard in Australia. The alliance will focus on creating equitable growth in communities of color by backing small businesses and key social services – many of which are suffering as a result of COVID-19.
Agents of Impact toppling systemic racism in finance
The movement for racial justice has cast a spotlight on systemic and anti-Black racism in finance. We are proud that Capital Impact’s president and CEO was recognized amongst other Black leaders who are “dismantling age-old excuses, biases and malpractices…that lead to inefficient allocation of capital, underfunded founders of color and unrealized solutions to community needs.”
Diversity in Commercial Real Estate Takes Center Stage
The Diversity in Commercial Real Estate Virtual Summit brought together more than 450 attendees from across the United States to hear a discussion of issues and topics of interest and impact to those engaged in diversifying the commercial real estate industry. Capital Impact’s Equitable Development Initiative was recognized as a leading program supporting people of color pursuing a real estate career.
Minority Business Leaders Award | Ellis Carr: His Passion is Investing in Community
2019
In 2019, Capital Impact’s CEO Ellis Carr was named to the Washington Business Journal’s prestigious Minority Business Leaders list. This profile piece looks at Ellis’ wide ranging career and passion for social and racial justice. “Capital Impact is the perfect nexus of using my core competency in finance and my passion for community. [It] brings those two worlds together in a really nice way,” notes Ellis in the article.
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Bringing Community Development Lenders Back to their Civil Rights Roots
Based on a panel discussion at the annual SOCAP conference, a gathering of 3000 social impact investors, this article looks back at the civil-rights 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.
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.
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