Impact Community Capital About Us Page



	About Us
	Investment Strategy Impact's Investor/Members Impact Management			Investment Goals Governance Impact Membership
	A message from Dan Sheehy, Impact President and CEO:
		"Our mission at Impact Community Capital is to provide a voluntary bridge between the need for investment capital to bolster California's low-income communities and the needs of insurance companies to invest their policyholders’ money in prudent and productive ways. It's a wonderful role because we are able to engage in good business practices while doing good for California communities. Impact exists because several major insurance companies saw the need and the benefits of investing wisely in low-income communities and made a major commitment to see that the job was done effectively. To date, Impact has made commitments to invest about $750 million in under served communities, including the launch of our $475 million Community Impact Loan (CIL) program and commitments for $100 million in community facilities. We hope you find the information on these pages helpful and informative. We at Impact are excited about what we've been able to accomplish and about the opportunities we see to make a significant contribution to our state's economic health and vitality."
	Investment Strategy Impact's investment philosophy is to provide risk capital at an efficient scale for affordable housing and community development where it can be used most effectively. In many instances, small amounts of risk capital structured in a format familiar to capital market participants can establish sustainable investment programs. Impact brings a capital-markets-driven approach to historically underserved markets where management considers the risk-return trade-off to be comparable to more conventional investments. Impact also understands the concerns and issues of affordable housing and community development organizations, and strives to maintain an open dialogue to facilitate an exchange of ideas. The financial support of institutional investors and Impact’s sole focus on affordable housing and community development ensures a steady flow of information and ideas from market participants. Areas selected for investment have been carefully chosen for appropriateness and suitability from an investment standpoint, as well as a community impact perspective.
	Impact’s Investor/Members Allstate Insurance Company Farmers Insurance Companies Nationwide Mutual Insurance Companies Pacific Life Insurance Company
					Safeco Insurance State Farm Insurance Companies Teachers Insurance and Annuity Association 21st Century Insurance Company
	Impact Management Dan Sheehy, President & CEO Kevin Rigdon, CFO Impact Membership Membership in Impact is open to insurance companies licensed to write policies in California. Impact provides a full range of services including unique expertise and resources in the area of community investments, full engagement in the public policy arena, a governance structure that ensures investments and other decisions are directed by Impact’s investors, and communications services to maintain an appropriate public profile. Currently, Impact is owned by Allstate Insurance Company, Farmers Insurance Companies, Nationwide Mutual Insurance Company, Pacific Life Insurance Company, Safeco Insurance, State Farm Insurance Companies, Teachers Insurance and Annuity Association, and 21st Century Insurance Company. Combined, these insurers represent more than $22 billion in annual direct written California premiums. Back to Top Governance Impact is governed by a Board of Managers. Every Impact member has a representative on the Board of Managers. Investments are determined by an Investment Committee. Every member has the right to designate a representative on the Investment Committee. The Investment Committee has the authority to approve investments on behalf of all members. In addition, the Board of Managers appoints representatives to the audit committee on a rotating basis. Back to Top Investment Goals Investments by Impact investor/members have allowed Impact to become financially self-sufficient. Impact's goal is to structure investment opportunities to receive investment-grade ratings from a nationally recognized rating agency. Additionally, member companies invest in transactions approved by Impact's Investment Committee on a proportionate basis determined by the Board of Managers. Back to Top