Opportunity Finance Network Member Profile Profiles/20… · Through capital and commitment,...
Transcript of Opportunity Finance Network Member Profile Profiles/20… · Through capital and commitment,...
www.capitalimpact.org
Capital Impact Partners
Through capital and commitment, Capital Impact Partners helps people build communities of opportunity that break barriers to success. Through mission-driven financing, social innovation programs, capacity building, and impact investing, we champion social and economic justice issues. With a focus on economic empowerment and wealth creation, we engage with communities and support their solutions to overcome historic and systemic disinvestment. Through this work, we help increase equitable access to quality health care and education, healthy foods, affordable housing, cooperative development, and the ability to age with dignity.
Capital Impact has disbursed more than $2.5 billion since 1982. Our leadership in delivering financial and social impact has resulted in being rated by S&P Global and recognized by Aeris for our performance. Headquartered in Arlington, VA, Capital Impact Partners operates nationally, with local offices in Austin, TX, Detroit, MI, New York, NY, and Oakland, CA. Learn more at www.capitalimpact.org.
CDFI Story: Inclusive Growth, Detroit, MIAfter the Great Recession, Detroit was teetering on the verge of bankruptcy. Investment in the city had
dried up and an influx of vacant lots contributed to plummeting property values. Fueled by systemic
disinvestment and discriminatory policies and development practices, Black communities were hit
particularly hard. While many fled the city, we saw its continued promise and launched a focused effort
of investment with local partners. Through our Detroit Neighborhoods Fund, for example, we have
financed a number of mixed-use projects that support affordable, multi-family housing and small
business including: 7.Liv, The Coe, Murray Townhomes, and the Garland. We created further impact
through the financing of health centers, food entrepreneurs, aging facilities, and charter schools. We
have paired those efforts with capacity-building programs such as our Equitable Development Initiative
to better ensure that real estate developers of color are able to participate in the city’s future
development. Since 2010, Capital Impact Partners has committed over $250 million of financing
towards projects in the city.
Financial and Social Impact
• $960 million in financing for 550 healthcenters, serving 3 million patients
• $920 million in financing for 265 charterschools serving 270,000 students
• $185 million in financing to 88 retailersserving more than 1 million customers
• $77 million in financing for 193 age-friendlyprojects serving 16,000 elders
• $305 million in financing for 221 co-operatives serving 870,000 customers
• $381 million in financing to create 40,000affordable housing units in 264 communities
Contact
1400 Crystal Drive, Suite 500
Arlington, VA 22202
Phone: 703.647.2300
Opportunity Finance Network Member Profile
We Believe In Opportunity. For All. OFN.ORG
Photo Credit: Doug Coombes
August 2020