Industry’s first publicly available, searchable resource of impact investing fund managers sees record number of applicants and assets; New emerging impact manager category brings awareness of innovative trailblazers breaking new ground in impact investing

BETHESDA, Md. (February 25)—For the third consecutive year, ImpactAssets named Capital Impact Partners to its ImpactAssets 50 (IA 50), a publicly available, online database for impact investors, family offices, financial advisors, and institutional investors that features a diversified listing of private capital fund managers that deliver social and environmental impact as well as financial returns.

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Awards First “Challenge Grants” to Seven Bay Area Cities & Counties Leading Innovative Housing Efforts and $30 Million in Loans to Developers Producing and Preserving Affordable Homes

REDWOOD CITY, CALIFORNIA (February 4, 2020) – Bay Area elected officials, community, faith, and business leaders, and philanthropic funders marked the first anniversary of the Partnership for the Bay’s Future by announcing the recipients of the Partnership’s first-ever “Challenge Grants” to seven Bay Area local governments and nonprofit partner organizations that are developing innovative housing policies. The Partnership also announced commitments that will allow it to reach its $500 million investment goal ahead of schedule and has already closed seven loans to entities building new affordable housing or preserving existing affordable homes.

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Oversimplified CRA metrics would damage local responsiveness and lessen social impact

Joint Statement by:

• IFF CEO Joe Neri
• Capital Impact Partners President and CEO Ellis Carr
• Low Income Investment Fund CEO Dan Nissenbaum
• Reinvestment Fund President and CEO Don Hinkle-Brown

January 29, 2020 - We are deeply concerned by Comptroller Joseph Otting’s proposed changes to the Community Reinvestment Act (CRA), the subject of today’s hearing by the House Financial Services Committee. The Office of the Comptroller of the Currency (OCC) and the Federal Deposit Insurance Corporation (FDIC) have set forth a proposal that must be reevaluated to preserve the fundamental purpose of CRA – to address inequalities in bank lending and to drive investments toward impactful community development activities.

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$3.3 million grant will be used to leverage $13 million in affordable housing investments across D.C.’s eight wards

WASHINGTON, DC/ARLINGTON, VA (January 17, 2020) – For the second straight year, Washington, D.C.’s Department of Housing and Community Development (DHCD) has named Capital Impact Partners as a manager of the District’s Housing Preservation Fund (HPF). DHCD's new $10 million in Preservation Funds, when leveraged by the fund managers that also include LISC and the Low Income Investment Fund (LIIF), will bring the fund to a record $116 million. Capital Impact was awarded a $3.3 million grant as part of this announcement, which the organization expects to leverage at a 3:1 ratio to deploy an additional $13 million in loans to help preserve more than 340 homes across the District.

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CDFI Program awards will support innovative initiatives for equitable community development

Arlington, VA (November 20, 2019) The U.S. Department of the Treasury’s Community Development Financial Institutions Fund (CDFI Fund) announced yesterday that Capital Impact Partners was awarded $2.8 million in grants through the 2019 round of the CDFI Program. The organization was the 5^th highest awardee among 412 applicants. The awards will enable Capital Impact Partners to expand its Equitable Development Initiative (EDI) in Detroit and develop a new loan product for EDI graduates; support job training, supportive housing, and health services for individuals with disabilities in California; and expand its Michigan Good Food Fund.

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