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(DETROIT, MI/ARLINGTON, VA – October 21, 2021) Capital Impact Partners, a mission-driven Community Development Financial Institution (CDFI), is celebrating 10 years of working with Detroit. The company also marked a milestone of $300 million in investments to expand economic, social and racial justice for underestimated communities through an inclusive growth strategy.
This year’s award supported five organizations, including Collective Remake, Cooperation Humboldt, Co-op Cincy, Co-op Dayton, and Custom Collaborative
Arlington, VA (September 29, 2021) – In the wake of the COVID-19 pandemic, along with increased visibility of racial violence and inequity, cooperatives have demonstrated their continued ability to promote resiliency and growth toward shared prosperity for communities.
The seventh annual Capital Impact Partners Co-op Innovation Award - which aims to increase co-op development in communities with low incomes and/or communities of color - focused on supporting organizations that are expanding education about the cooperative model in the face of the twin pandemics of COVID and racial injustice.
Innovative Program Provides Critical Training to Help Developers of Color Overcome Systemic Issues and Spearhead Affordable Real Estate Projects
September 22, 2021 (Oakland, CA/Arlington, VA) – While there is a critical need to address the San Francisco Bay Area’s housing crisis in a way that supports racial and economic inclusion, developers who identify as racial or ethnic minorities are severely underrepresented in a market dominated by large global and national firms. In an effort to help solve this crisis, Capital Impact Partners announced the expansion of its Equitable Development Initiative (EDI) into the region to help local real estate developers of color who represent the region’s diversity take a leadership role in shaping the development landscape within the local context. These developers have historically faced significant barriers to entering the real estate industry due to the lack of access to capital, equity, and experience resulting from generations of structural racism and disinvestment.
Award Will Spur Projects that Increase Access to Social Services in Disinvested Communities
Arlington, VA (September 1, 2021) — The U.S. Department of the Treasury’s Community Development Financial Institutions Fund (CDFI Fund) has awarded Capital Impact Partners a $60 million New Markets Tax Credit (NMTC) allocation. This award helps advance Capital Impact’s mission to increase access to critical social services in disinvested communities, spur economic development and wealth creation, and create jobs by incentivizing private sector investors to partner in its community financing efforts.
Arlington, VA, Chicago, IL, and Delray Beach, FL (August 5, 2021) – Capital Impact Partners today announced that it has achieved a significant impact investing milestone by issuing more than $200 million of Capital Impact Investment Notes (Notes), the net proceeds of which help drive social impact through investment in organizations that provide access to critical social services, including health care, education, affordable housing, and healthy foods. Capital Impact partners with InspereX LLC to distribute the Notes through its Legacy™ Platform to a nationwide network of broker-dealers, institutions, and financial advisors.
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