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Statements

Subject Item
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Capital Impact Partners
rdfs:comment
Capital Impact Partners, or simply Capital Impact, is a congressionally chartered, District of Columbia nonprofit and certified community development financial institution that provides credit and financial services to underserved markets and populations in the United States. S&P Global issued Capital Impact its first rating in 2017.
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Capital Impact Partners
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Capital Impact Partners
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Loans, Grants, Investments
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November 2016
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1982
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Community Development
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2017
dbp:type
Non-Profit Community development financial institution
dbo:abstract
Capital Impact Partners, or simply Capital Impact, is a congressionally chartered, District of Columbia nonprofit and certified community development financial institution that provides credit and financial services to underserved markets and populations in the United States. S&P Global issued Capital Impact its first rating in 2017. Capital Impact was created in 1982 as the nonprofit arm of the National Cooperative Bank as part of the National Consumer Cooperative Bank Act. Capital Impact became independently certified as its own financial institution by the U.S. Department of the Treasury's Community Development Financial Institutions Fund in 2011. The company's president and CEO is Ellis Carr, the chief lending officer is Diane Borradaile, 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 community development financial institutions 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 been recognized for its social impact, financial ratings and policies by Aeris, a company that rates community development financial institutions, each year since Aeris was established in 2007. In October 2016, Capital Impact received two allocations from the Treasury Department's Community Development Financial Institution Fund, including a $2 million financial assistance award.
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