• A group of people cut the ribbon at the opening of a project financing by New Markets Tax Credit Allocations
  • Press Releases

    Capital Impact Partners Launches Free Training Program for Atlanta’s Emerging Real Estate Developers

    The Equitable Development Initiative helps developers who are focused on bringing affordable housing and other real estate projects to disinvested communities.

    June 17, 2024 (Atlanta, GA) – A new program will help Atlanta’s emerging real estate developers overcome the systemic obstacles that have prevented them from being more involved in the region’s booming real estate market — and, in turn, to bring more affordable housing and other real estate projects to disinvested communities.  

    The Equitable Development Initiative is a free nine-month program led by Capital Impact Partners. Since 2018, the program has trained more than 250 real estate developers in five metropolitan areas throughout the United States. The Atlanta region will become the sixth.

    The Equitable Development Initiative provides emerging developers with the tools they need to grow their businesses — including training, technical assistance, mentorship, networking, and potential pathways for financing.

    “The Equitable Development Initiative is designed to help developers who are working to develop disinvested communities for the betterment of their residents. Many of these developers have been held back by not having access to the financial capital, social capital, and knowledge capital that other developers have,” said Ellis Carr, president and CEO of Capital Impact Partners and CDC Small Business Finance, two nonprofit mission-driven lenders that are part of the Momentus Capital branded family of organizations.

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    Capital Impact Partners Honored by Novogradac Journal of Tax Credits in QLICIs of the Year Awards

    The award recognizes Capital Impact Partners for its financial support of Whitman-Walker’s new Max Robinson Center medical and research facility in Southeast Washington, D.C.

    June 4, 2024 (Washington, D.C.)  – Capital Impact Partners has received the Real Estate QLICI of the Year award — which recognizes investments in the development, management or leasing of real estate — for its work with Whitman-Walker's Max Robinson Center in Washington, D.C.

    The award is featured in Novogradac Journal of Tax Credits’ annual Community Development QLICIs of the Year Awards, which celebrate community development entities that made exceptional qualified low-income community investments, or QLICIs.

    In 2023, Whitman-Walker opened a new, larger site for its Max Robinson Center in the southeast D.C. neighborhood of Congress Heights, helping ensure quality health care for community members in a long-disinvested region of the city. The 118,000-square-foot medical facility provides a variety of primary care, dental care, and behavioral health services, as well as important health care and policy research.

    Capital Impact Partners provided the project with $4 million in financing through New Markets Tax Credit (NMTC) allocation. In total, this project received more than $32 million of NMTC allocation from Capital Impact Partners, Chase, Jubilee Manna Community Development Enterprise, D.C. Housing Enterprises, and Industrial Bank. Additional financing support was provided by Chase as the NMTC investor and EagleBank as lender. Diarra McKinney, a D.C.-based developer who runs Rosewood Strategies, was the project’s NMTC consultant. Mr. McKinney is also a participant in Capital Impact Partners’ Growing Diverse Housing Developers program for training and mentoring diverse developers. 

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    Momentus Capital Closes $171 Million Equitable Prosperity Fund to Drive Positive Social Impact in Underestimated Communities

    One of the largest BIPOC-led impact investing funds, the Equitable Prosperity Fund I, will seek to help accelerate the growth of companies that are creating positive impact in underserved communities.

    MAY 14, 2024 (Arlington, VA/San Diego, CA) – The Momentus Capital branded family of organizations is proud to announce the final closing of its inaugural fund, the Equitable Prosperity Fund I LP (the “Equitable Prosperity Fund” or the “Fund”), one of the largest BIPOC-led impact investing funds, with commitments of $171 million.

    The Fund’s investments are intended to help growth-stage companies create more social impact in their communities, focusing on outcomes such as increasing access to healthcare and healthy foods, while supporting employee ownership and diverse entrepreneurs.

    Through the Equitable Prosperity Fund, the Momentus Capital branded family of organizations will be able to provide opportunities that are rarely available for many entrepreneurs, particularly those who are often underserved and have received a mere fraction of the venture funding available in recent years.

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    In 2023, Momentus Capital Deployed $531 Million to Help Small Business Owners, Underrepresented Developers, and Disinvested Communities

    The annual report for the Momentus Capital branded family of organizations showcases the deep and durable impact being created in communities nationwide.

    May 6, 2024 (Arlington, VA/San Diego, CA) – The Momentus Capital branded family of organizations — which includes Capital Impact Partners, CDC Small Business Finance and their affiliates, Momentus Direct Capital, Momentus Securities (a FINRA-member broker/dealer), and Ventures Lending Technologies — has released its annual report for the 2023 fiscal year (January 1-December 31, 2023).

    The annual report showcases the many ways that Momentus Capital utilizes financial capital, social capital, and knowledge capital to help entrepreneurs, community leaders, and the communities they serve.

    “Everyone deserves the opportunity to succeed. Our work is focused on helping the entrepreneurs and communities whose access to the opportunities they deserve has been limited,” said Ellis Carr, President and CEO of Capital Impact Partners and CDC Small Business Finance.

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    More Than $700,000 in Grants Awarded to D.C. Area Food Businesses and Nonprofits for Cold Storage Needs

    Now in its second year, “Keeping It Cool” grants provide cold storage support for local small food businesses and nonprofits to improve access to healthy foods

    May 1, 2024 (Washington, D.C.) – More than $700,000 in grants have been awarded to 22 food businesses and nonprofits to help them grow while expanding access to healthy food for disinvested communities in the Washington metro area. These include communities experiencing food apartheid, adults and students living with low incomes, children and families that are unhoused, refugees, and incarcerated youths.

    The “Keeping It Cool” grants, funded by The Morningstar Foundation, provide these businesses and nonprofits with something essential that many might otherwise take for granted — cold storage infrastructure. The grants will go toward refrigerators, freezers, coolers, delivery vehicles, display cases and other upgrades. 

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