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Arlington, VA (July 29, 2020) - Capital Impact Partners today announced that it was awarded $15 million as part of a Giving Pledge commitment by philanthropist MacKenzie Scott. The award represents the single largest individual gift in the organization’s history and will help advance the organization’s racial equity work with communities nationwide.
The Guild and Bronx Cooperative Development Initiative each receive $25,000; ChiFresh Kitchen receives $50,000 prize
Arlington, VA (June 30, 2020) – The cooperative development model creates opportunities for economic mobility and for financial and community resilience, including during times of crisis. Three cooperative organizations were chosen to receive Capital Impact Partners’ Co-op Innovation Award, which aims to increase co-op development in communities with low incomes and/or communities of color. In partnership with The National Cooperative Bank, the 2020 awardees – ChiFresh, The Guild, and the Bronx Cooperative Development Initiative – received a total of $100,000.
Awards will support Washington Metro Area good food providers to offer healthy food to communities during the COVID-19 pandemic
Arlington, VA (June 17, 2020) – Capital Impact Partners announced today that it launched its DMV Good Food Fund (DMV GFF) Innovative Response Fund, providing $100,000 in awards to key partners in order to sustain and stabilize mission-aligned good food enterprises in the Washington Metropolitan Area. Given with the generous support of the William R. Kenan, Jr. Charitable Trust, the awards will allow local good food enterprises to reposition and pivot in response to the COVID-19 pandemic and its impacts on the regional food economy.
Awards support cooperatives led by people of color and workers with low incomes
WASHINGTON, D.C./ARLINGTON, VA (June 4, 2020) – The Washington Area Community Investment Fund (Wacif) and Capital Impact Partners today announced $40,000 in grant awards to support cooperatively owned businesses through the D.C. Co-op Impact Grant, launched in partnership with Citi Community Development. The awards will advance the growth of emerging and existing cooperatively owned businesses led by communities of color and workers with low incomes throughout the Washington, D.C. area.
$12.5 Million Loan Fund to support emerging minority real estate developers in Detroit, create pathway of success for those working to revitalize city
(DETROIT - May 14, 2020) – In an effort to increase support for minority real estate developers spearheading rehabilitation or new construction of mixed-use, multifamily housing projects in Detroit, Capital Impact Partners today launched a $12.5 million Diversity in Development - Detroit Loan Fund. The fund is a new tool for Capital Impact’s long-time commitment to equitable development and inclusive growth in Detroit.
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