Capital Impact Partners

Growing housing developers program:acting as the lead cdfi, capital impact partners, along with the low income investment fund and reinvestment fund, was awarded $30 million by wells fargo in 2021 as part of their growing housing developers initiative. The program kicked off in may of 2022, with the goal to increase the supply of homes that are affordable and to support the sustained growth and financial independence of experienced but underfunded affordable housing development firms, community-centric but underfunded development firms. Over the course of the 4 year program, 27 participants from 6 core geographies (ny, nj/pa, dmv, ga, tx & ca), receive monthly learning sessions, access to advisors, flexible capital, and increased access to industry connections and resources. These program supports are designed to help experienced development firms grow their capacity and expand their affordable housing production into the future. To date, the program has deployed $15 million in enterprise-level grants, and the cdfi partners have collectively closed more than $125 million in project financing to participants.

Ediedi combines capital impact partner's role as a provider of catalytic capital and its development expertise into a program that supports underfunded local developers with formalized technical assistance and development financing. The program aims to build the skills of emerging underfunded developers and strengthen their businesses. As of year end 2024, the detroit program has graduated 117 participants and the dmv program serves 69 program graduates. As of year end 2024, edi cohorts in atlanta, cleveland, dallas, austin, and the san francisco bay area have served over 300 developers nationally.

Affordable housingcapital impact partners bridges the gap between policy and development to improve the lives of communities and individuals across the country. Capital impact partners' efforts in affordable housing focus primarily on supporting multifamily developments in markets where affordable housing has been identified as a need. In 2024, capital impact partners disbursed approximately $115 million to aid in the renovation or new construction of 18 communities, consisting of 2,755 housing units, 50% of which are affordable.

Healthcare:capital impact partners has created innovative solutions to successfully preserve affordable health care for low income communities across the country. Dedicated to delivering value-added service and ease of process, we leverage over 30 years of experience in the market to customize appropriately structured financing for our borrowers. Capital impact partners understands the importance of access to mental health services in addition to traditional health care; the community clinics and health centers that we finance focus on substance abuse and rehabilitation/behavioral care in addition to primary care and other physical health services. We also provide financing for adult day health care facilities and assisted living/continuing care facilities. In 2024, capital impact partners disbursed approximately $22.5 million to 2 health facilities that will serve nearly 65,000 patients annually.

Education:capital impact partners has been a charter school lender for over 20 years and has become a valuable financing source for our nation's charter schools. To ensure that low cost capital is available nationwide, capital impact partners offers (1) construction and renovation loans, (2) real estate acquisition and term loans, equipment loans, and (3) revolving lines of credit. Capital impact partners connects its borrowers to institutional investors to improve the amount and type of financing available. In 2024, disbursements totaled $36.4 million to 4 charter schools, providing over 700 students with access to high quality education.

Healthy food: capital impact partners provides loans and investments to community based organizations, grocery stores, and food markets to improve the access to fresh, health foods in food deserts and other underfunded areas. In 2024, capital impact partners provided over $12 million in financing to projects supporting food access. The financing is focused on developing and expanding grocery stores, healthy food markets, and creating access to healthy food across communities. In 2021, the nourish dc collaborative was created in partnership with washington dc local government to support the development of a robust ecosystem of locally owned food businesses especially in neighborhoods lacking grocery stores and other food businesses. Since its launch, nourish dc has provided deployed over $19.2million in financing, $935,000 in grants, and technical assistance to over 1,300 food businesses in dc.

New market tax credits:capital impact partners has received $792 million in new market tax credit (nmtc) allocations of which $768 million has already been deployed to 99 projects to provide health care providers, healthy food grocery stores, charter schools, and other community organizations affordable financing nationwide. Nmtc allows capital impact partners to offer borrowers more flexible terms such as longer amortization periods, interest-only payments for as long as seven years, higher loan-to-value ratios and potential equity benefit at the end of the loan term.

Entrepreneurs & opportunity community fund (eocf):in 2018, capital impact partners received $3.3 million in grant funding from jpmorgan chase to manage the dc-area eocf, allowing capital impact partners to partner with wacif and ledc, dc-area cdfis, to provide capital and capacity building to entrepreneurs in the region. In 2021, capital impact partners received an additional $2 million contribution from jp morgan chase to continue managing eocf. In addition to wacif and ledc, capital impact partnered with city first enterprises (cfe) and the coalition for nonprofit housing and economic development (cnhed) for the second grant round. The partner organizations have leveraged the eocf to deploy over $53 million, assisting over 2,300 small businesses.

Housing accelerator fellowship: in 2021, cip received $5.2 million from amazon to launch the housing accelerator fellowship. The fellowship is part of amazon's $2 billion housing fund, and its focus is to support developers and to create affordable housing across its hometown communities including the washington, d.c. Metro area (dmv), nashville, and seattle. The fellowship will run for two years, with developers meeting monthly to engage in a rich learning series with access to professional mentors and advisors in the real estate and housing field. The fellowship supports developers with a pipeline of completed and developing projects in the region. In 2024, the 15 inaugural participants of this program graduated, receiving over $4 million in project-level and capacity building grants. In 2024, capital impact partners received an additional $6 million grant from the amazon housing fund to launch the second cohort of the fellowship. This new cohort welcomed 13 emerging real estate developers in april 2024. In addition to supporting the new cohort, the investment also provided continued capacity-building support for program alumni.