News Coverage
Capital Impact Partners, one of the Momentus Capital branded family of companies, receives regular media coverage for its work to transform how capital and investments flow into communities to provide people access to the capital and opportunities they deserve.
That coverage, compiled on this page, includes our efforts with local leaders and key organizations to deliver critical social services, helping diverse developers grow their businesses, and other important programs and initiatives.
If you are a member of the media and have a press inquiry, please reach out to David Greisman at dgreisman@capitalimpact.org.
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The Making of an Equitable Community Development Loan Product
2019
Over our years of working in Detroit, we have provided more than $200 million in financing to support projects that deliver social impact. However, we also learned that a majority of that financing went to white developers despite the city’s population being 79 percent black. This article describes how Capital Impact, with a grant from the CDFI Fund, is working to create a new loan product that will support a more equitable distribution of its financing efforts.
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Why this Nonprofit Lender is Shifting its Focus to Detroit’s Neighborhoods
2019
When Capital Impact began working in Detroit in the early 2010s, its focus was to grow density in the urban core of the city with a focus on supporting communities of color. While that work continues, this article explores our strategy to move out into the surrounding neighborhoods to help stabilize and grow those communities.
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A Black-led Food Co-op Grows in Detroit
2019
Through its Michigan Good Food Fund, Capital Impact invests in high-impact food projects and provides technical assistance across the state. As Olivia Rebanal, Capital Impact’s Director of Inclusive Food Systems, notes in the article, “we prioritize our work with food cooperatives because we feel the model allows for the creation of quality jobs.” One such investment includes support for the Detroit People’s Food Co-op, an African-American business cooperative.
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NMTC Giving Meals on Wheels San Francisco Room to Grow
2019
New Markets Tax Credit, a program of the U.S. Treasury’s CDFI Fund, is designed to help attract private capital to support community development efforts. This article illustrates how Capital Impact used NMTCs to facilitate the financing of a Meals on Wheels kitchen in San Francisco—even though it is one of the most expensive U.S. cities in which to build. This support will help the program provide more than two million meals to needy residents.
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CDFIs are Filling Lending Gaps in Local Financial and Community Development Systems
2019
From automobile lending to small-business support to large-scale projects, Community Development Financial Institutions (CDFIs) are having a range of impact across Michigan. In this educational piece about the sector, Capital Impact’s work is recognized for helping to create density and promote economic viability in Detroit as well as other communities, including Flint.
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These programs are training Detroit’s minority residents in development
October 2018
For many entry-level African-American real estate developers, getting a foot in the door can be difficult, with limited opportunities to gain experience and obtain capital. Organizations see this lack of representation as a major gap, particularly given that community perspectives and experience can shape cities to grow more inclusively. Model D looks at how two key programs, including our Equitable Development Initiative, are working to bridge that gap.
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