FIRST NEW MARKETS TAX CREDITS
We are awarded our first New Markets Tax Credit allocation. This program of the U.S. Department of the Treasury’s Community Development Financial Institution Fund attracts private capital to project financing in struggling communities.
CALIFORNIA HEALTH CARE FOCUS
We launch the CPCA Ventures Loan Fund in partnership with the California Primary Care Association, The California Endowment and Dignity Health to deepen our health care impact. This $40M fund supports statewide financing of community clinics and health centers.
COMMITMENT TO EDUCATION
We launch our comprehensive charter school lending program to ensure access to a quality education for low-income students. Our first education loan is provided to EdVisions, a nonprofit organization that works to create and sustain small schools.
INNOVATIONS IN AGING
The Robert Wood Johnson Foundation supports the launch of our “Coming Home Program.” This initiative facilitates more than 50 affordable assisted living projects across 13 states. It’s the first of our many efforts to support dignified aging in the community.
OAKLAND OFFICE OPENING
We solidify our national presence by opening an office in the Bay Area of Northern CA to complement our headquarters in Arlington, VA. Over the years, we reinforce our national strategy with loan officers located in key states.
EXPANDING HEALTH CARE ACCESS
We begin to expand our impact beyond the cooperative sector. Through lending to Federal Qualified Health Centers, we support increased access to quality health care for those in low-income communities.
NONPROFIT LENDING BEGINS
Our national mission-driven lending effort is formally launched to support all forms of consumer, worker and producer cooperatives—thus, contributing to the economic development of low- and moderate-income communities.
Capital Impact was formed as a District of Columbia nonprofit in 1982 at the direction of the United States Congress to support the development of cooperatives in underserved communities.