Capital Impact Partners

Snow Software Announces Winners of the 2023 Partner of the Year Awards

Retrieved on: 
Wednesday, December 6, 2023
Software, Technology, Artificial Intelligence, Security, Intelligence, Technology intelligence, Capital Impact Partners, Snow, Partner

Snow Software , the global leader in technology intelligence, today announced the winners of the 2023 Partner of the Year Awards.

Key Points: 
  • Snow Software , the global leader in technology intelligence, today announced the winners of the 2023 Partner of the Year Awards.
  • With the launch of the new Snow Partner Program earlier this year, the awards seek to recognize top-performing partners for their work and contributions during a year of change.
  • “It has been an exciting year for partners at Snow, and we wanted to take this opportunity to celebrate our partners and their incredible achievements,” said Vinod Chumber, Vice President, Ecosystem Sales at Snow.
  • It recognizes a standout partner for their exceptional contributions to delivering comprehensive business outcomes.

Compass Health Breaks Ground on State-of-the-Art Regional Center for Intensive Behavioral Health Services

Retrieved on: 
Thursday, October 12, 2023
Hospitals, General Health, Health, Mental Health, JPMorgan Chase, Unemployment, Hospital, New Markets Tax Credit Program, M.J. Murdock Charitable Trust, Supportive housing, Community Bank, Compass, Homelessness, Campaign, Population growth, Employment, Capital Impact Partners, Coast, Premera Blue Cross, Community project, Workplace, Everett, City, Corporation, Poverty, Law enforcement, Life, Nursing, Pharmaceutical industry, Sales

The facility, slated for completion in summer 2025, will include more than 70,000 square feet of space purpose-built for intensive behavioral health services, including a 16-bed evaluation and treatment unit (E&T), a 16-bed crisis triage center, intensive outpatient behavioral health services, and offices for crisis prevention, outreach and community engagement teams.

Key Points: 
  • The facility, slated for completion in summer 2025, will include more than 70,000 square feet of space purpose-built for intensive behavioral health services, including a 16-bed evaluation and treatment unit (E&T), a 16-bed crisis triage center, intensive outpatient behavioral health services, and offices for crisis prevention, outreach and community engagement teams.
  • At the center, Compass Health anticipates serving nearly 1,300 clients through more than 35,000 points of care each year.
  • “Together, we’re building the future of behavioral health, and bringing a much-needed resource to the region.”
    Across Northwest Washington, behavioral health needs continue to grow.
  • “The benefits of this project extend far beyond the services that will be provided,” said Alex de Soto, Compass Health Board Chair.

Top Black-Led Financial Organizations to Provide Up To $100 Million in Mission-Focused Lending to Underserved Small Business Owners

Retrieved on: 
Tuesday, October 3, 2023
Professional Services, Philanthropy, Small Business, Fund Raising, Finance, Banking, Butterfly, City First Church, Small business, Partnership, MDI, Little Butterfly, Small Business Administration, Marketing, Senior advisor, Rosenthal, Child care, CDC, Organization, Broadway Federal Bank, City, Wholesaling, SBA, Capital Impact Partners, National Association, Female, Real estate, Bank, Financial services, D.C

This effort reinforces the shared vision of City First Bank, Capital Impact Partners, and CDC Small Business Finance to address systemic barriers to accessing capital by providing Small Business Administration (“SBA”) 504 First Mortgage loans.

Key Points: 
  • This effort reinforces the shared vision of City First Bank, Capital Impact Partners, and CDC Small Business Finance to address systemic barriers to accessing capital by providing Small Business Administration (“SBA”) 504 First Mortgage loans.
  • “Partnerships with other value-aligned institutions are imperative in addressing the racial wealth gap and absolutely fundamental to City First’s mission.
  • “This partnership with Momentus Capital enables us to provide loans to small business customers with terms that are more affordable than typical commercial mortgage loans.
  • The financing allowed this Hispanic-owned small business to retain the working capital it needed to ramp up operations; the owners anticipate creating 20 new jobs.

Momentus Capital Annual Report FY2022: Ellis Carr on Creating Access to Capital and Opportunities for All

Retrieved on: 
Monday, July 31, 2023
Culture, History, Organization, Dream, Work, Annual report, SAN, Capital Impact Partners, Small business, Knowledge, City, Environment, Family, Management

ARLINGTON, Va. and SAN DIEGO, July 31, 2023 /PRNewswire/ -- For all of us at Momentus Capital, 2022 was a year to remember. Working in cities and communities across the country, we put over $760 million into the hands of entrepreneurs, developers, and other local leaders. In addition, lenders utilized our Ventures Lending Technologies' suite of products to deploy more than $20 billion in financing to their clients. These numbers represent the highest level of investment in the history of our family of organizations.

Key Points: 
  • In addition, lenders utilized our Ventures Lending Technologies' suite of products to deploy more than $20 billion in financing to their clients.
  • When I get asked this question, three things come to mind:
    First and foremost, our work supports people.
  • As you can see in our Annual Report , we did a lot last year in the service of this goal.
  • Working together with partners, we will redefine how capital flows into underestimated communities so that everyone has access to the resources they need to thrive.

Institutional Capital for Social Impact: New Investment Bank Focused on Bringing Capital to Disinvested Communities

Retrieved on: 
Monday, May 22, 2023
Small business, Food, Rockefeller Foundation, Education, Health, MacKenzie Scott, RWJF, Lead, Mergers & Acquisitions, Social capital, CDC, Organization, Entrepreneurship, Equity capital markets, Investment, FINRA, Capital Impact Partners, Mergers and acquisitions, Robert, ESG, Seagate Technology, Loan guarantee, Financial services, Security (finance), Bank, Renewable energy

NEW YORK, May 22, 2023 /PRNewswire/ -- Momentus Securities , a first-of-its-kind investment bank with a social purpose, has launched with the goal of driving institutional capital to America's small businesses and nonprofits — and positioning "social impact" as a fully investable asset class for institutional investors.

Key Points: 
  • Momentus Securities intends to facilitate the deployment of $3 billion of social capital by 2026.
  • We are transforming how institutional investment capital is unlocked and channeled into high-need community investments," said Momentus Securities President and CEO Alicia Reyes, who brings 27 years of experience in investment banking and private equity to Momentus Securities.
  • These portfolios will offer institutional investors the opportunity to support communities and participate and invest at a scale not previously available.
  • "We will test and scale new products that expand access to capital to disinvested communities, and we will aggregate capital through technology and authentic community relationships."

Capital Impact Partners and InspereX Reach $300 Million Milestone in Distribution of Capital Impact Investment Notes

Retrieved on: 
Thursday, May 4, 2023
Note, Education, Capital Impact Partners, FDIC, State, Sale, Prospectus, Organization, SIPC, Investment, Capital, Small business, Fitch Ratings, Bank, Fitch

ARLINGTON, Va., May 4, 2023 /PRNewswire/ -- Capital Impact Partners today announced that it has achieved a significant impact investing milestone by issuing more than $300 million of Capital Impact Investment Notes (Notes).

Key Points: 
  • Capital Impact partners with InspereX LLC to distribute the Notes through its Impact Investment Platform to a nationwide network of broker-dealers, institutions, and financial advisors.
  • Capital Impact Investment Notes provide investors with a unique opportunity to align financial goals with personal principles through values-based investing.
  • "Capital Impact Investment Notes help create a unique opportunity for funders and investors to work through Capital Impact to support communities," said Natalie Gunn, Chief Financial Officer of Capital Impact Partners and CDC Small Business Finance.
  • In September 2022, Fitch Ratings assigned an A+ rating with a stable outlook to Capital Impact Partners and its Capital Impact Investment Notes.

New Report Helps Financial Institutions Address Inequity and Systemic Discrimination in Lending

Retrieved on: 
Wednesday, April 26, 2023
Learning, Small business, Partnership, Housing, Civil rights movement, Research, Human rights movement, Black, CDC, Organization, REAL, Community, City, CDFI, Capital Impact Partners, Community development financial institution, Community development, Civil and political rights, NFF, Management, Bank

A new report examines ways that CDFIs, and other financial institutions, can further change their business practices to embed racial equity in their lending and investment practices.

Key Points: 
  • A new report examines ways that CDFIs, and other financial institutions, can further change their business practices to embed racial equity in their lending and investment practices.
  • The Catalyzing Finance for Racial Equity Report is the result of a partnership between Nonprofit Finance Fund (NFF) and Capital Impact Partners , two mission-driven CDFIs.
  • “I’m hopeful that CDFIs and other financial institutions throughout the United States will use the recommendations from the report.
  • It also examined the successful steps that some local and national CDFIs have taken to address inequity within their own lending practices.

Yellow Banana Closes $26.5 Million Transformative Investment in Six Grocery Stores on Chicago’s South and West Sides

Retrieved on: 
Monday, April 24, 2023
Supermarket, Retail, Other Retail, Food, Beverage, Yellow Banana, Lighting, Military, Yale Law School, Estate, Local Initiatives Support Corporation, Save-A-Lot, Organization, HVAC, NMTC, City, U.S. Bancorp, Walmart, Economic development, Harvard Business School, Capital Impact Partners, Community development, Piper, Meat, DLA Piper, CNI, Real estate

Yellow Banana, the owner and operator of eight Save A Lot locations in the Chicagoland area, today announced the March 31, 2023 closing of a $26.5 million investment into grocery stores on the South and West Sides of Chicago.

Key Points: 
  • Yellow Banana, the owner and operator of eight Save A Lot locations in the Chicagoland area, today announced the March 31, 2023 closing of a $26.5 million investment into grocery stores on the South and West Sides of Chicago.
  • This transaction marks the next step in Yellow Banana’s ongoing commitment to underserved communities throughout the City of Chicago and the U.S.
  • The investment combines a $13.5 million Community Development Grant that the City previously awarded to Yellow Banana in July 2022 with New Markets Tax Credits, third-party financing and funding from Yellow Banana.
  • Yellow Banana is owned by 127 Wall, which was co-founded by Michael Nance, Ademola Adewale-Sadik and Walker Brumskine.

Developers of Color from Around the U.S. Convene in Atlanta for Elite Program to Advance Racial Equity in the Vastly Underrepresented Housing Industry

Retrieved on: 
Wednesday, April 19, 2023
Wells Fargo, Housing, MIT Blackjack Team, Policy, RDF, Organization, CDFI, Risk, Capital Impact Partners, Community Development Financial Institutions Fund, Growth, City, Ecosystem, BIPOC, Community development, Drug, Financial services

ATLANTA, April 19, 2023 /PRNewswire-PRWeb/ -- Housing developers of color will convene in Atlanta this week as part of the Growing Diverse Housing Developers (GDHD) initiative, a long-term commitment to create equitable housing solutions around the country. Led by four mission-driven Community Development Financial Institutions (CDFIs) and funded by the Wells Fargo Foundation, GDHD is working to improve affordable home availability throughout urban and underserved communities. Overall, the initiative aims to increase the number of racially diverse developers nationally to combat the significant lack of representation in the real estate development industry.

Key Points: 
  • "The Growing Diverse Housing Developers program has exceeded my expectations," shared Darion Dunn, the Managing Partner of Atlanta-based housing development firm Atlantica Properties.
  • The GDHD members have combined their resources and perspectives to create solutions that will positively impact the diverse developers' businesses.
  • The gathering is a part of a longer four-year program for which the group of diverse developers have been selected.
  • "Thanks to the support of Wells Fargo and our other partners, we can champion housing developers of color to ultimately strengthen the affordable housing ecosystem.

City First Broadway Announces New Executives and Managerial Positions

Retrieved on: 
Tuesday, March 21, 2023
Professional Services, Small Business, Residential Building & Real Estate, Commercial Building & Real Estate, Finance, Construction & Property, Banking, Interim, ALCO, M&T Bank, Senior, Capital One, Broadway Federal Bank, Comerica, Sunwest Bank Charley Pride Senior Golf Classic, Commercial bank, Community Reinvestment Act, Community, First Union, CRA, Public sector banks in India, Capital Impact Partners, Small business, Growth, Commercial, Bank, National Association, United Bank, Management

Broadway Financial Corporation (“Broadway”, “we”, or the “Company”) (NASDAQ Capital Market: BYFC), parent company of City First Bank, National Association (the “Bank”, and collectively, with the Company, “City First Broadway”), today announced the following executive appointments:

Key Points: 
  • Broadway Financial Corporation (“Broadway”, “we”, or the “Company”) (NASDAQ Capital Market: BYFC), parent company of City First Bank, National Association (the “Bank”, and collectively, with the Company, “City First Broadway”), today announced the following executive appointments:
    LaShanya Washington, as Executive Vice President and Chief Credit Officer; and
    Sonja S. Wells, Executive Vice President, as East Commercial Regional Executive.
  • Ms. Washington is being promoted to Executive Vice President and Chief Credit Officer.
  • She has served as Deputy Chief Credit Officer of the Bank since August 2022 and was previously Senior Vice President and Senior Credit Officer.
  • “I am also pleased to announce the promotion of LaShanya Washington to Executive Vice President and Chief Credit Officer, stepping into and filling a critical position for the Bank.