$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 $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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Innovative, Two-Year Pilot Program Provides Critical Training to Help Developers of Color Spearhead Real Estate Projects

November 19, 2019 (Washington, D.C./Arlington, VA) – While the local real estate market is booming across the Washington Metropolitan area, developers of color are severely underrepresented in a market dominated by large global and national firms. In an effort to reverse this alarming trend, Capital Impact Partners announced the expansion of its Equitable Development Initiative (EDI) into the D.C. area to help local minority real estate developers who represent the region’s diversity take a leadership role in shaping the development landscape within the local context. The program’s first cohort will provide 35 new minority developers with training, mentorship and networks, and pathways to access the capital necessary to grow their businesses.

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Institutions and individuals can earn a financial, as well as a social, return on their investments through Capital Impact’s social impact investment notes

Arlington, VA (August 23, 2019) — Capital Impact Partners, a nonprofit corporation, certified by the U.S. Department of Treasury’s Community Development Financial Institutions Fund as a Community Development Financial Institution (CDFI), announced the launch of its 2019 Capital Impact Investment Notes (Notes) Prospectus, and S&P Global A+ rating. The Investment Notes allow retail and institutional investors the opportunity to invest in the mission-driven organization’s nationwide efforts to create social impact for underinvested communities. Available for as low as $1,000, individual and institutional investors can purchase Notes through their brokerage accounts and earn a financial, as well as a social, return on their investments.

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Amplifying community assets to achieve equity and justice through community development investments has enabled individuals and families to break barriers to success

Arlington, VA (August 20, 2019) – In the first two quarters of 2019, Capital Impact Partners’ activities aimed to build the power of our community members by leveraging their community assets alongside our flexible capital and capacity building. From affordable housing to workers’ rights to entrepreneurship, we are invested in empowering communities of color and underinvested individuals across the country. Capital Impact announced today that our financing and investment efforts in the first half of the year served more than 124,000 beneficiaries and created nearly 1,200 permanent and construction-related jobs.

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