Arlington, VA (October 12, 2015) – With Detroit rebounding from bankruptcy and beginning to see rapid redevelopment, some fear the revitalization will end up pushing out low-income and minority residents. But a new report from our Detroit Program lays out key elements for how the city can successfully implement an inclusive growth strategy that grows the economy while protecting current and future residents.
$70 Million Fund Will Finance Age-Friendly Community Projects
Washington, D.C. (October 8, 2015) – Capital Impact Partners today announced the launch of Age Strong™, an innovative social investment initiative that will lend a total of $70 million to enterprises that provide critical services and programs for struggling adults who are 50-plus. This initiative, in partnership with AARP Foundation and Calvert Foundation, aims to support enterprises and projects that create affordable homes, increase access to healthy foods, improve financial security, and offer more community-oriented models of care.
“CDFI Grid” Promotes Programs and Services from Area Community Development Financial Institutions
Detroit, MI (September 11, 2015) —Project developers and community members in Detroit now have an easy reference guide for finding financing from Community Development Financial Institutions (CDFI) for a range of needs, including consumer mortgages, business loans, real estate projects, and mixed-use developments.
Innovative Microlending Program Supports Local Business Assistance Agencies Increasing Healthy Food Access in Los Angeles County
Arlington, VA/Los Angeles, CA (August 5, 2015) – Capital Impact Partners and First 5 LA today announced their newest effort to help bring healthier food offerings to kids throughout Los Angeles, Calif. Through Capital Impact’s California Freshworks Fund, the organizations have deployed $2 million in loan capital to seven local business assistance agencies that will oversee microlending to enterprises focused on increasing access to healthy food for families with small children. This represents the first simultaneous impact investment into a cohort of microlenders at the Countywide level to collectively address the issue of food deserts via microentrepreneurship.
$27.5 million in Financing Drives Social Impact and Job Creation for Underserved Residents Across Seven States
Arlington, VA (July 28, 2015) – Capital Impact Partners announced today that it provided nearly $27.5 million in financing to projects delivering social impact for underserved communities across the U.S. during the second quarter of 2015. These projects are expected to increase access to health care services, dignified aging options, healthy food, and education for low-income people in seven states, while also creating nearly 250 jobs.
First of its kind approach working to increase access to healthy food and drive economic development
June 9, 2015 | Lansing, Mich. – The Michigan Good Food Fund—a new public-private partnership loan and grant fund created to address lack of healthy food access in rural and urban communities alike by supporting good food entrepreneurs across the state—launches today.
Community Health Center Financing, Job Creation, FHLBank Atlanta Membership Highlights of First Quarter Achievements
Arlington, VA (June 2, 2015) – Capital Impact Partners announced today that it provided nearly $32 million in financing to projects in underserved communities during the first quarter of 2015. Capital Impact financed four Federally Qualified Health Center (FQHC) projects that will enable additional access to integrated health care for more than 17,000 low-income or uninsured patients around the country. The quarter was also marked by Capital Impact joining the Federal Home Loan Bank of Atlanta (FHLBank Atlanta) and leadership recognition for two of the organization’s senior staff members.
CONCORD, N.H. (May 1, 2015) — In less than seven years, ROC USA® — an organization of which Capital Impact Partners is a founding investor — has built on a proven strategy of resident ownership in manufactured home communities and scaled it across the country, transforming communities and building a network of 10,000 secure and affordable homes with partners in 14 states.
Arlington, VA (April 30, 2015) – Capital Impact Partners announced today that it has awarded $40,000 to the Democracy at Work Institute and United States Federation of Worker Cooperatives through its first Co-op Innovation Award. These organizations were chosen for their track record in providing high quality technical assistance to startup and existing co-ops as well as their leadership in scaling the cooperative model with a focus on low-income communities.
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