Location: Southern, CA

Loan Amount: $1,850,000

Equity Investment: $2,000,000

Access to well-paying jobs is a critical step on the path out of poverty. Seeking to invest in job creation, IMPACT worked with a respected fund manager serving lower middle market companies to indirectly provide financing to a manufacturer of structural alloys, located in an Enterprise Zone, that was facing a possible shutdown without more capital.

This investment initially preserved 57 jobs and the manufacturer has grown to 129 full time employees, approximately 80% of which reside in low/moderate income communities.

Location: Hollister, CA

Loan Amount: $1,200,000 | Loan Term: 15 Years

The health center was established to provide access to health care services for agricultural workers and other low-income members of the communities of San Benito County.

The clinic provides a full spectrum of services including primary, pre-natal, pediatric, geriatric, dental and women’s care. By leveraging the federal new markets tax credit, IMPACT made an investment to allow the health center to upgrade and expand its services.

Location: Beech Grove, IN | Units: 60

Loan Amount: $700,000 | Loan Term: 15 Years

In a community where the senior population is projected to increase more than 12 percent in the next five years, IMPACT provided financing to build 60 modern affordable residences.

The residences are available only for people 55 and older. The residences are priced to be affordable to individuals whose incomes are below 30%, 50% and 60% of Area Median Income (approximately $49,000 in 2016). These residents now enjoy quality homes close to public transportation and retail. Investing with a purpose.

Location: Sumter, SC | Units: 32

Loan Amount: $375,000 | Loan Term: 18 Years

The supply of affordable rental housing across the U.S. fell 60 percent from 2010 to 2016—a challenge that extends beyond large urban communities.

IMPACT helped address housing needs in Sumter, South Carolina, facilitating the construction of 32 rental housing residences offering rents 40% below market rates. Investing to allow people to live where they work.

Location: San Francisco, CA

In partnership with local, federal, and international agencies such as the United Nations Development Fund for Women, IMPACT catalyzed the redevelopment of a historic property in the Presidio.

The Center supports local job creation, houses an interactive learning center and conference space, allowing the Family Violence Prevention Fund to advance equality, empowerment and justice worldwide. Transforming communities through high impact investments.

Location: Anaheim, CA | Units: 70

Loan Amount: $5,704,175 | Loan Term: 15 Years

As homelessness is expected to increase across America, IMPACT partners with local non-profits to provide permanent and supportive housing solutions.

This development in Anaheim provides 48 residences for families who were homeless with children in local schools, and another 15 for residents receiving services through the Mental Health Services Act. Recognized by Multifamily Executive Magazine as 2017 Multifamily Affordable Deal of the Year. Investing and impact don’t have to be mutually exclusive.

Location: Bronx, NY | Units: 86

Loan Amount: $4,553,924 | Loan Term: 30 Years

IMPACT has issued a forward commitment to purchase a loan for the Ryer Avenue Apartments development under construction in the Bronx, NY. This new development, totaling 86 units, will target mostly tenants who are homeless and have mental illness.

The tenants will receive onsite supportive services through a contract with the NYC Department of Health and Mental Hygiene. The services will be provided by a local nonprofit ACMH, Inc who has a track record specializing in this type of work. This highly impactful development is made possible due to LIHTC’s, and financing from IMPACT, Bank of America, and the New York City Department of Housing Preservation Development.

Location: Cranbury, NJ | Units: 66

Loan Amount: $2,991,871 | Loan Term: 15 Years

IMPACT has issued a forward commitment to purchase a loan providing financing for the Birchwood at Cranbury development under construction in Cranbury, NJ. This development, sponsored by a highly experienced development firm, entails the new construction of 66 units for seniors (age 55+) and will include 5 units set aside for homeless individuals.

The development will help fill a need for affordable housing in the local market while revitalizing an underutilized parcel of land. This is the first of two planned phases. The development will offer a range of social services and is well situated near necessary amenities and local green space. This impactful development is made possible due to LIHTC’s, and financing from Impact and Wells Fargo.

Location: Wilmington, DE | Units: 51

Loan Amount: $530,000 | Loan Term: 15 Years

According to the National Coalition for Homeless Veterans, 11% of all adult homeless are veterans and an additional 1.4 million veterans are at risk of becoming homeless.

IMPACT provided a commitment to finance the renovation of a 51-unit development in Wilmington, DE called the Pearl Center to help alleviate this persistent problem. The facility will include a community lounge for tenants and on-site supportive services tailored to the veteran community.