Welcome!

News Feed Item

Nearly 175,000 People Impacted by CDFI

Capital Impact Partners Closes Six Deals Expanding Access to Quality Services to Build Healthier Communities

ARLINGTON, Va., Jan. 3, 2014 /PRNewswire-USNewswire/ -- One of the largest Community Development Financial Institutions (CDFI) in the country, Capital Impact Partners (formerly NCB Capital Impact), announced today that their financing work in December 2013 directly impacted nearly 175,000 people as well as provided important economic benefits to the communities in which these loans were made. Capital Impact Partners financed projects nationwide this year to help create access to better health care and education, healthy foods and alternative care options for older adults. In December alone, Capital Impact Partners closed the following deals:

Detroit: Advantage Health Centers, a network of community health centers located in Detroit, will open a brand new center on the city's famous 8 Mile Road that will increase access significantly for its 20,600 patients.

Washington, DC: Israel Manor Life Center is developing space for Unity Healthcare, a large health center, and other community space in northeast DC.  When complete, this new facility will serve more than 52,000 people annually, most of them low- and moderate-income residents of Ward 5.  

Los Angeles: Northgate Gonzales Market is a new grocery store that is part of the first major retail development in the Slauson area of south Los Angeles to take place in the last 30 years. Not only will this project clean up a blighted corner at a busy intersection, but it will also provide a clean, bright grocery store to more than 95,000 area residents who don't currently have easy access to fresh and healthy food.  The project provides 50 construction jobs and 100 permanent jobs at the store.  

Loveland Colorado: Loveland Elder Green House Home for Life Enrichment, sponsored by the Housing Authority of Loveland, Colorado, will construct six new Green House homes with bedrooms for 10 elders each.  The Housing Authority will target a high percentage of low-income elders, while providing 64 new permanent jobs with benefits and 72 construction jobs.  

Boston, MA: Joseph M. Smith Community Health Center is building a long-awaited new clinic site in greater Boston that will expand access to primary care for more than 5,000 additional people.  

Gardena, California: Environmental Charter Middle School is constructing one of the nation's greenest charter school facilities in Gardena, south of the LAX airport.  This new middle school will provide a high quality education to up to 360 students, the majority of whom qualify for free and reduced price lunches.  

"As a mission-driven organization, Capital Impact Partners steps in where others won't, turning potential into progress," said Terry Simonette, President and CEO. "Our mission is to help these communities reach their highest potential at every stage of life, and to provide choices that become building blocks for the future for kids, for families and for older adults."

About Capital Impact Partners: Capital Impact Partners, formerly known as NCB Capital Impact, is a leader in financial and social innovation for communities. A nonprofit organization and D.C. certified Community Development Financial Institution, we bring our roots in cooperative development, diverse network of partners and problem solving know-how to connect communities to capital and capabilities that together create social change. Learn more at capitalimpact.org.

SOURCE Capital Impact Partners

More Stories By PR Newswire

Copyright © 2007 PR Newswire. All rights reserved. Republication or redistribution of PRNewswire content is expressly prohibited without the prior written consent of PRNewswire. PRNewswire shall not be liable for any errors or delays in the content, or for any actions taken in reliance thereon.

Latest Stories
SYS-CON Events announced today that Super Micro Computer, Inc., a global leader in Embedded and IoT solutions, will exhibit at SYS-CON's 18th International Cloud Expo®, which will take place on June 7-9, 2016, at the Javits Center in New York City, NY. Supermicro (NASDAQ: SMCI), the leading innovator in high-performance, high-efficiency server technology, is a premier provider of advanced server Building Block Solutions® for Data Center, Cloud Computing, Enterprise IT, Hadoop/Big Data, HPC and ...
In the rush to compete in the digital age, a successful digital transformation is essential, but many organizations are setting themselves up for failure. There’s a common misconception that the process is just about technology, but it’s not. It’s about your business. It shouldn’t be treated as an isolated IT project; it should be driven by business needs with the committed involvement of a range of stakeholders.
SYS-CON Events announced today that MobiDev will exhibit at SYS-CON's 18th International Cloud Expo®, which will take place on June 7-9, 2016, at the Javits Center in New York City, NY. MobiDev is a software company that develops and delivers turn-key mobile apps, websites, web services, and complex software systems for startups and enterprises. Since 2009 it has grown from a small group of passionate engineers and business managers to a full-scale mobile software company with over 200 develope...
SoftLayer operates a global cloud infrastructure platform built for Internet scale. With a global footprint of data centers and network points of presence, SoftLayer provides infrastructure as a service to leading-edge customers ranging from Web startups to global enterprises. SoftLayer's modular architecture, full-featured API, and sophisticated automation provide unparalleled performance and control. Its flexible unified platform seamlessly spans physical and virtual devices linked via a world...
SYS-CON Events announced today that Alert Logic, Inc., the leading provider of Security-as-a-Service solutions for the cloud, will exhibit at SYS-CON's 18th International Cloud Expo®, which will take place on June 7-9, 2016, at the Javits Center in New York City, NY. Alert Logic, Inc., provides Security-as-a-Service for on-premises, cloud, and hybrid infrastructures, delivering deep security insight and continuous protection for customers at a lower cost than traditional security solutions. Ful...
How will your company move to the cloud while ensuring a solid security posture? Organizations from small to large are increasingly adopting cloud solutions to deliver essential business services at a much lower cost. According to cyber security experts, the frequency and severity of cyber-attacks are on the rise, causing alarm to businesses and customers across a variety of industries. To defend against exploits like these, a company must adopt a comprehensive security defense strategy that is ...
Companies can harness IoT and predictive analytics to sustain business continuity; predict and manage site performance during emergencies; minimize expensive reactive maintenance; and forecast equipment and maintenance budgets and expenditures. Providing cost-effective, uninterrupted service is challenging, particularly for organizations with geographically dispersed operations.
As cloud and storage projections continue to rise, the number of organizations moving to the cloud is escalating and it is clear cloud storage is here to stay. However, is it secure? Data is the lifeblood for government entities, countries, cloud service providers and enterprises alike and losing or exposing that data can have disastrous results. There are new concepts for data storage on the horizon that will deliver secure solutions for storing and moving sensitive data around the world. ...
SYS-CON Events announced today TechTarget has been named “Media Sponsor” of SYS-CON's 18th International Cloud Expo, which will take place on June 7–9, 2016, at the Javits Center in New York City, NY, and the 19th International Cloud Expo, which will take place on November 1–3, 2016, at the Santa Clara Convention Center in Santa Clara, CA. TechTarget is the Web’s leading destination for serious technology buyers researching and making enterprise technology decisions. Its extensive global networ...
The IoTs will challenge the status quo of how IT and development organizations operate. Or will it? Certainly the fog layer of IoT requires special insights about data ontology, security and transactional integrity. But the developmental challenges are the same: People, Process and Platform. In his session at @ThingsExpo, Craig Sproule, CEO of Metavine, will demonstrate how to move beyond today's coding paradigm and share the must-have mindsets for removing complexity from the development proc...
SYS-CON Events announced today that Commvault, a global leader in enterprise data protection and information management, has been named “Bronze Sponsor” of SYS-CON's 18th International Cloud Expo, which will take place on June 7–9, 2016, at the Javits Center in New York City, NY, and the 19th International Cloud Expo, which will take place on November 1–3, 2016, at the Santa Clara Convention Center in Santa Clara, CA. Commvault is a leading provider of data protection and information management...
SYS-CON Events announced today that MangoApps will exhibit at SYS-CON's 18th International Cloud Expo®, which will take place on June 7-9, 2016, at the Javits Center in New York City, NY. MangoApps provides modern company intranets and team collaboration software, allowing workers to stay connected and productive from anywhere in the world and from any device. For more information, please visit https://www.mangoapps.com/.
The essence of data analysis involves setting up data pipelines that consist of several operations that are chained together – starting from data collection, data quality checks, data integration, data analysis and data visualization (including the setting up of interaction paths in that visualization). In our opinion, the challenges stem from the technology diversity at each stage of the data pipeline as well as the lack of process around the analysis.
Many banks and financial institutions are experimenting with containers in development environments, but when will they move into production? Containers are seen as the key to achieving the ultimate in information technology flexibility and agility. Containers work on both public and private clouds, and make it easy to build and deploy applications. The challenge for regulated industries is the cost and complexity of container security compliance. VM security compliance is already challenging, ...
Designing IoT applications is complex, but deploying them in a scalable fashion is even more complex. A scalable, API first IaaS cloud is a good start, but in order to understand the various components specific to deploying IoT applications, one needs to understand the architecture of these applications and figure out how to scale these components independently. In his session at @ThingsExpo, Nara Rajagopalan is CEO of Accelerite, will discuss the fundamental architecture of IoT applications, ...