For real estate developers who experience disinvestment, predevelopment and acquisition financing is some of the hardest to acquire, and is the most pivotal in bringing developments to life. Getting the project started is one thing; paying off the loan in less than a year is another! We are happy to share that Juan Barahona, principal at SMJ Development and a participant in our Growing Diverse Housing Developers program, has successfully repaid the predevelopment and acquisition loans from Capital Impact Partners and Low Income Investment Fund in less than one year! These loans helped SMJ acquire a vacant site located at 68-19 Woodhaven Blvd, Rego Park, NY that will create 118 mixed-income housing units. This impressive achievement demonstrates how the #GDHD program empowers real estate developers nationwide and champions the construction of affordable housing in underestimated communities. We are thrilled to see the tangible results of this program and look forward to supporting more developers in creating diverse housing options nationwide. #GDHD is implemented by Capital Impact Partners, Low Income Investment Fund, and Reinvestment Fund and funded by Wells Fargo. Learn more about Growing Diverse Housing Developers here: https://lnkd.in/gR3rAGSu
Capital Impact Partners
Civic and Social Organizations
Arlington, VA 14,549 followers
Building Communities of Opportunity That Break Barriers To Success
About us
Capital Impact Partners is transforming how capital and investments flow into communities to provide people access to the capital and opportunities they deserve. We work to champion key issues of equity and social and economic justice by deploying mission-driven financing, capacity-building programs, and impact investing opportunities. A nonprofit Community Development Financial Institution, Capital Impact has disbursed more than $3 billion since 1982 to create access to critical social services, grow entrepreneurs, and create quality jobs. Capital Impact’s leadership in delivering financial and social impact has resulted in the organization being rated by S&P Global and Fitch, and recognized by Aeris for its 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.
- Website
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http://www.capitalimpact.org
External link for Capital Impact Partners
- Industry
- Civic and Social Organizations
- Company size
- 201-500 employees
- Headquarters
- Arlington, VA
- Type
- Nonprofit
- Founded
- 1982
- Specialties
- racial justice, social justice, equity, CDFI, capacity building, technical assistance, lending, and inclusion
Locations
Employees at Capital Impact Partners
Updates
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The Growing Diverse Housing Developers program empowers underestimated developers by providing the necessary resources to expand their capacity and create more affordable housing in the future. "These developers are indispensable. They possess valuable knowledge and skills and are a worthwhile investment," emphasized Jeff Mosley, Director of National Equitable Development Initiatives at Capital Impact Partners. Discover more about #GDHD here: https://bit.ly/4bxZbpQ Program partners: Capital Impact Partners, Low Income Investment Fund, Reinvestment Fund Program funder: Wells Fargo
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The Momentus Capital branded family of organizations welcomed U.S. Deputy Secretary of the Treasury Wally Adeyemo and Virginia U.S. Senator Mark Warner at our Virginia office. Together, we delved into the vital topic of expanding access to capital for underserved communities and small businesses through CDFIs. We were honored to receive valuable insights from government officials, community lenders, and small business owners. Find excerpts from the discussion here to learn more: https://lnkd.in/ggZ6tuRK
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Thank you to the U.S. Bank Foundation for awarding $950,000 in multi-year grants to Capital Impact Partners and CDC Small Business Finance – part of the Momentus Capital branded family of organizations. These grants will help our two mission-driven nonprofits to continue creating access and opportunities for real estate developers who are part of our Equitable Development Initiative and for business advising and technical assistance for small business owners. Read the press release to learn more: https://lnkd.in/g6iPW-KF
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Attention entrepreneurs! Check out this insightful article from Bankrate highlighting where you can secure funding despite a less-than-ideal credit score: https://lnkd.in/ghXvsF8Q CDFIs like Capital Impact Partners and SBA-backed loans from lenders like CDC Small Business Finance are here to help. Learn more about how we can assist you here: https://lnkd.in/gS4cPrim https://lnkd.in/eZf-5FH2
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Exciting to see the debut of Isla Intersections, an affordable housing development in South Los Angeles by Holos Communities. This groundbreaking project has transformed a former traffic median into a five-story building, utilizing repurposed shipping containers to create 54 apartments for individuals who were previously homeless. One of the participants in our Growing Diverse Housing Developers program – Logan O'Phelan, the Director of Operations at Holos – is involved in the development. Witnessing the success of affordable housing developers is truly inspiring! Learn more about this initiative here: https://lnkd.in/gbjGid-h Learn more about our Growing Diverse Housing Developers program here: https://lnkd.in/gR3rAGSu #GDHD is offered by Capital Impact Partners, Low Income Investment Fund, Reinvestment Fund and funded by Wells Fargo
Isla Intersections affordable housing debuts in South Los Angeles
la.urbanize.city
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The Growing Diverse Housing Developers program is making waves 🌊in the real estate world, providing crucial support to experienced developers. Even with years of real estate experience under their belts, developers still need infrastructure to help them scale their businesses and support their communities. With training, mentorship, and grant funds, they're leading the charge for more affordable housing. Learn more about the #GDHD program and the investments that diverse developers are making in communities nationwide from our Director of National Equitable Development Initiatives, Jeff Mosley : https://bit.ly/3W5Rq61 Program partners: Capital Impact Partners Low Income Investment Fund, Reinvestment Fund Program funder: Wells Fargo
Equipping Developers to Build Their Communities: Growing Diverse Housing Developers
https://www.capitalimpact.org
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“They [small businesses] need two things: access to capital and access to customers. Ultimately, a CDFI is far more likely to give a loan to that local small business than any large institution because they know this person.” - Wally Adeyemo The Momentus Capital branded family of organizations was happy to welcome U.S. Deputy Secretary of the Treasury Wally Adeyemo and Virginia U.S. Senator Mark Warner to our Virginia office. The insightful discussion with local entrepreneurs and mission-driven lenders, including our President and CEO, Ellis Carr, emphasized the critical role of bipartisan government support for CDFIs like us in bolstering small businesses across the nation and the communities they serve. Thank you to everyone who participated in the event and made it possible. Together, we can transform access to opportunity to help business and communities thrive. Christopher Weaver of the Economic Opportunity Coalition at The Rockefeller Foundation, Caroline N. of Locus, Leah Fremouw of Bridging Virginia, Sharita Walker of Let’s Be a Kid Childcare Center, and Juanterria Browne of KIDZ with Goals Unlimited LLC
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Capital Impact Partners reposted this
We are excited to announce that Capital Impact Partners is a sponsor of the Diversity in Commercial Real Estate conference! Learn more and register at https://dcre.quvent.com/ #DCREC #DCRE2024 #diversitycre #diversity #dcre #diversitycrec
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Real estate development is very competitive, and to succeed in it, developers should rely on more than just vision and execution. Check out our blog that highlights how having solid projections is another key to success: https://ow.ly/eqit50SyPEq
Success Tips for Real Estate Developers: Solid Projections
https://www.capitalimpact.org