Amazon commits more than $5 million to new program to grow opportunities for real estate developers of color in Arlington, Virginia and the broader Washington, D.C. Metropolitan region

Arlington, VA (December 8, 2021) - Capital Impact Partners today announced a grant of more than $5 million from Amazon to launch an initiative focused on accelerating new opportunities for emerging real estate developers of color while also increasing affordable and workforce housing across Arlington, Virginia and the greater Washington, D.C. metropolitan region. This funding is the most recent commitment from the more than $2 billion Amazon Housing Equity Fund, which was established to preserve and create over 20,000 affordable homes in Amazon’s hometown communities--the Puget Sound region of Washington state, the Arlington, Virginia region, and Nashville, Tennessee.

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Organizations will work with local partners to help small business owners of color recover and emerge from the COVID-19 pandemic

Arlington, VA | San Francisco, CA | San Diego, CA (November 30, 2021) - Capital Impact Partners and CDC Small Business Finance announced a $1.5 million grant from Wells Fargo to launch an initiative focused on providing targeted business training services to small real estate developers and entrepreneurs of color. The grant will also help accelerate re-development efforts in D.C. and the Delta through a focus on small real estate development businesses and other industries that bring needed housing, amenities and jobs. The funding is made possible through Wells Fargo’s Open for Business Fund, a roughly $420 million small business recovery effort across the U.S to help small business owners recover and emerge from the pandemic even stronger and more resilient.

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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.

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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.

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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.

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