Capital Impact Partners
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| Founded | 1978 |
|---|---|
| Type | Non-Profit CDFI |
| Location | |
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Area served
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United States |
| Method | Loans, Grants, Investments |
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Revenue (2015)
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$21,426,105 |
| Expenses (2015) | $30,250,820 |
| Mission | Community Development |
| Website | www |
Capital Impact Partners, or simply Capital Impact, is a Congressionally chartered,District of Columbia nonprofit and certified community development financial institution (CDFI) that provides credit and financial services to underserved markets and populations in the United States.S&P Global gave Capital Impact a AA Rating with Stable Outlook in 2017.
Capital Impact was created in 1978 as the nonprofit arm of the National Cooperative Bank (NCB) as part of the National Consumer Cooperative Bank Act. Capital Impact became independently certified as its own CDFI by the U.S. Department of the Treasury's Community Development Financial Institutions Fund (CDFI Fund) in 2011. The company's president and CEO is Ellis Carr, the chief lending officer is Scott Sporte, the chief financial officer is Natalie Gunn, and Amy Sue Leavens is the chief legal counsel. From 1994 until 2016, Terry Simonette served as president and CEO of Capital Impact until Ellis Carr was named as his replacement.
The company is among the largest CDFIs in the country. As of 2015, they invested over $2 billion into senior care, affordable housing, health care, education and public nutrition projects in distressed and low-income communities across the country. These investments include the creation of over 9,000 units of affordable assisted living; more than 35,000 units of affordable housing; 3 million square feet of health center space providing more than 1 million patient visits annually; $500 million for developing charter schools creating more than 200,000 seats for children; and healthy food retail in over 60 locations. Capital Impact has created around 31,000 new jobs for low-income individuals. In 2015, Capital Impact became a member of the Federal Home Loan Bank of Atlanta. Capital Impact has received the highest social impact and financials ratings and a Policy Plus rating from Aeris, a company which rates CDFIs, each year since Aeris was established in 2007. In October 2016, Capital Impact received two allocations from the Treasury Department's CDFI Fund, including a $2 million financial assistance (FA) award.
Capital Impact provides financing to individuals, organizations and companies in order to build new businesses or expand existing facilities that increase access to services for populations made up primarily of low to moderate income residents.
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