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Leveraging National Presence and Scale to Drive More Solutions for Local Challenges: Q&A with Capital Impact Partners/CDC Small Business Finance President & CEO Ellis Carr
2022
Ellis Carr spoke with IFF, a fellow mission-driven lender, to talk about several major announcements that the Momentus Capital branded family of companies made in 2022, as well as some upcoming initiatives.
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Capital Impact Partners Welcomes 15 Local Developers of Color Into New Accelerator Program
The Housing Equity Accelerator Fellowship is funded by a grant of more than $5 million from the Amazon Housing Equity Fund and is intended to increase the number of real estate developers of color in an industry where they are underrepresented — and help to grow the affordable housing stock in the Washington, D.C., region.
Wells Fargo Foundation awards $40 million for equity in real estate
The Growing Housing Developers (GHD) program is working to expand the growth and success of community-rooted real estate developers. The initiative includes a collaboration between Capital Impact Partners, Low Income Investment Fund, and Reinvestment Fund that will provide a cohort of housing developers in several regions with access to capital and resources to advance their development pipelines and grow their business.
The Most Transformative Fintech Merger That You Never Heard About
2021
Ellis Carr conducted an interview with Forbes Magazine about Capital Impact Partners and CDC Small Business finance coming together to tackle the lack of investment in communities of color.
Opinion: Equitable revitalization critical to Detroit’s future
In this opinion piece, CEO Ellis Carr talks about how Capital Impact Partners and CDC Small Business Finance have come together to focus on building equitable communities for all Detroiters.
Washington Business Journal Women Who Mean Business 2020 | Natalie Gunn
2020
In 2020, Capital Impact’s CFO Natalie Gunn was named to the Washington Business Journal’s 2020 list of Women Who Mean Business. This profile piece looks at Natalie’s work at Capital Impact Partners to create equitable futures for disinvested communities nationwide. Natalie stated in the article that our work is about raising the right type of capital, “so that we can then have a strong capital base to be able to provide the type of investment to the communities we serve that they actually need.”
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New Lending Industry Alliance to Bolster Underserved Communities
With a focus on economic empowerment, equitable wealth creation, and connecting institutional capital to communities of color, Capital Impact’s CEO Ellis Carr describes how the organization’s new alliance with CDC Small Business Finance is working to disrupt the financial sector to deliver a breadth of products and services under a focused strategy.
$12.5 million fund aims to help spur minority real estate development in Detroit
Too often, traditional lending products did not serve borrowers of color very well due to a number of systemic inequalities that include lack of collateral, education, and networks. Capital Impact launched its Diversity in Development Detroit Loan Fund with a focus on addressing these structural issues and spurring minority real estate development in the city.
Op-Ed: CDFIs have untapped potential as game changers for minority-owned businesses
In this op-ed, Tim Ferguson, founder and chairman of Next Street, makes the case for how CDFIs can help small business entrepreneurs access the capital they need to build and expand their businesses. He cites the alliance between Capital Impact and CDC Small Business Finance as a promising example for how this can be accomplished in the coming years.
