Op-Ed: COIN: Building Economic Clout to Fight Neighborhood Poverty
While nearly eight million Californians live in poverty, a proven tool to spur investment in their communities continues to be at risk of being cut by the state legislature. Known as COIN, this public-private partnership between the California Department of Insurance, the insurance industry and CDFIs leverages tax credits to support community development investments. In this op-ed, Capital Impact’s President and CEO Ellis Carr and Chief Lending Officer Scott Sporte lay out the important case for why this program must be saved.
These Days, it’s Easy to Say Nice Things about Detroit
Formerly a resident of Michigan, journalist and author Marc Gunther wrote an in-depth piece about the city’s revitalization. Gunther illustrates Capital Impact’s role in utilizing investments from government agencies, banks and foundations to spur investments in social impact projects that drive economic activity and improve lives. The article notes that “Capital Impact Partners seeks to do all this work in ways that promote inclusive neighborhoods, meaning that they should accommodate a mix of well-to-do, middle-class and poor people.”
The Growing Movement to Invest in the Older Americans’ Market
Chris Farrell | May 2017
Raising money for projects, products or services that help older adults age with dignity in their communities has been notoriously tough. But as aging journalist Chris Farrell uncovered, social entrepreneurs are beginning to fill that gap. Capital Impact’s Age Strong Investment Fund was recognized as a key program working to deliver not only necessary capital but social impact as well.
If Trump Cuts this Little-known Federal Program, it will Gut Low-income Communities
When the new administration sought to eliminate the U.S. Department of Treasury’s CDFI Fund in its FY2017 budget, the role that Community Development Financial Institutions play in delivering capital to low-income communities came under increased scrutiny. Fast Company featured Capital Impact in its in-depth look that highlighted the key role CDFIs play, specifically noting: “Companies like Capital Impact Partners don’t do the work they do for recognition or glory–they do it to get money to the people and communities that need it most.”
Wall Street Journal
Detroit’s Resurgence Brings New Housing Concerns
As Detroit turns a corner, luxury housing is creating concerns about gentrification. In looking at this important issue, the Wall Street Journal featured Capital Impact’s study focusing on addressing resident relocation and displacement. With a focus on multifamily development in Detroit—but applicable nationally—our report identifies a number of practices that can be used to plan for and responsibly manage development processes that protect low-income residents.
Stanford Social Innovation Review
Ideas to help address the challenges of providing better care to low-income elders
As a generation of aging baby boomers, and a corresponding uptick in chronic illnesses, meets rising medical costs in a perfect storm, the medical and social services communities have to face a critical question: How can we best provide care for our nation’s low-income elderly population? Capital Impact’s CEO, Ellis Carr, works to answer this important question in this Op-Ed published by the Stanford Social Innovation Review.
The Democracy Collaborative
Strategies for Financing the Inclusive Economy
Worker-owned companies, social enterprises, and related broad-based ownership models are increasingly seen as highly valuable tools for stemming and reversing rising economic inequality. In this third part of an ongoing series, the Democracy Collaborative looks at how to finance models to create more and better jobs and broader ownership opportunities. Capital Impact’s role in providing both technical assistance and financing to food, worker and housing cooperatives is highlighted as a key approach.
To Serve all Californians Expanded Health Clinic Capacity is Needed
Federally Qualified Health Centers – of which there are nearly 130 in the state – have long served as the safety net for California’s most vulnerable residents living in both urban and rural communities. Yet, as we look into the future, that net is fraying. In this Op-Ed for California’s leading political newspaper, Capital Impact’s Chief Lending Officer, Scott Sporte, illustrates how our financing work is helping to support FQHCs and create health equity in the state.
Investing in Detroit’s Comeback: Optimism & Challenges on the Road to Inclusive Growth
2015 was a year of optimism for post-bankruptcy Detroit. New investments. Blight being tackled. Infrastructure coming online. only. As a longtime Detroit resident and community development professional, Capital Impact’s Bradford Frost still believes the city is at a significant crossroads. In this Op-Ed for Next Billion, Frost takes an in-depth look at the question: “Will redevelopment in Detroit lead to equitable growth?”
Connecting Big Banking to Community Investment
It may come as a surprise to many that the Federal Home Loan Bank (FHLB) system is one of the largest and oldest government-sponsored enterprises devoted to housing. For decades large financial institutions have been the primary intermediary between the FHLB and individual mortgage holders. This Next City article examines how Capital Impact is among a select group of Community Development Financial Institutions leading the way in working with the FHLB to kick start lending on a massive scale in communities where it is needed most.