Before impact investing was on the radar of most investors, one company was hard at work shaping the future of community investments—IMPACT Community Capital.

We are pioneers of the impact investment space, founded in 1998 solely to generate institutional quality, purpose-driven investments and we have maintained our focus ever since. IMPACT was among the first to use securitizations to deliver capital in scale for affordable housing.

With $2 billion of investments originated to provide affordable housing, healthcare, childcare and economic opportunities, we look to guide new investors seeking to unleash the power of capital to transform communities.

There’s a lot of excitement generated by impact investing today. At IMPACT, our 20-year focus provides us with a clear-eyed view. We see an opportunity for capitalism to play an even larger role in bridging investment opportunities with community benefit—at a moment in history when society demands it.

We offer not just a vision, but also a proven platform for investors seeking to transform communities without compromise to investment quality or performance.

IMPACT is leading a new era of investing, with a proven platform that seeks

positive returns for investors and America’s communities.


Steadfast Stewardship. We are thoughtful guardians who own our fiduciary responsibility, with the discipline to build and reward the trust of our investors.

Always Tenacious, Never Satisfied. We know what we want to accomplish and we are resolute in our pursuit of exceptional returns and impact.

Stakeholder Obsessed. In serving our investors, co-workers, communities or partners, we relentlessly strive for positive outcomes.

Tomorrow Focused. We see where the world’s headed and understand what it takes to meet the evolving needs of investors and communities.

Integrity Above All. We are open and honest at any cost, standing behind our work and our words unequivocally.

We were investing in impact before there was impact investing

Scroll Highlights from IMPACT’s 20-Year History


Meet the leaders of IMPACT—executives with an average of 20 years of

capital markets and community development finance expertise.

JEFF BRENNER | President and Chief Executive Officer

Jeff joined IMPACT in 2012 as Chief Investment Officer. In 2016 he was named interim President following retirement of the company’s founding CEO and became President & CEO in 2017. He leads the senior management team in developing and implementing the strategic direction of the company and is responsible for creating and communicating the organization’s mission, vision, values and brand. Jeff has 30 years of experience in financial services and capital markets, including 23 years in impact investing. Prior to joining IMPACT, Jeff served as Chief Financial Officer for Capital Impact Partners, one of the nation’s largest Community Development Financial Institutions.

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MICHAEL J. LOHMEIER | Chief Investment Officer

Mike joined IMPACT in 2017 as Chief Investment Officer and has responsibility for the strategy and execution of IMPACT’s investment programs. He is charged with implementing IMPACT’s five-year growth plan centered on developing new impact investments and investor relationships. Mike also manages IMPACT’s current investments and is responsible for investor relations. Prior to joining IMPACT, he spent 19 years in commercial lending and investment management, including nearly 12 years at Wespath Benefits and Investments, serving most recently as Managing Director – Investment Management with oversight of its $22 billion portfolio.

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STEPHANIE TIRMAN | Director, Accounting & Operations

Stephanie joined IMPACT in 2000 and has responsibility for its finance, accounting, tax and investor reporting activities. She is the architect of IMPACT’s accounting system, financial policies and procedures and the investor reporting protocols. She had a leadership role in developing each investment fund formed to date as well as each of IMPACT’s securitizations. Stephanie also has primary responsibility for the company’s enterprise risk management plan partnering closely with the CEO and CCO on risk identification, mitigation and management. Stephanie serves as the primary liaison to the company’s Audit Committee as well as to external information technology and human resource service providers.

LIZ KANG | General Counsel

Liz joined IMPACT as General Counsel and Chief Compliance Officer in 2019 and is in charge of the development and execution of all legal affairs of IMPACT. Liz focuses on maintaining regulatory compliance of IMPACT Investment Adviser LLC, an SEC-registered investment adviser wholly-owned by IMPACT and managing corporate governance best practices of all IMPACT affiliates and subsidiaries. Liz also oversees transactions related to the CIL Origination Program, investment funds and securitizations managed by IMPACT. Prior to joining IMPACT, Liz was a corporate attorney at Sidley Austin LLP in the structured finance practice group and subsequently served as counsel at Uber Technologies, Inc.

Melissa Radic

MELISSA RADIC | Director, Investor Relations and Capital Markets

Melissa joined IMPACT in 2020 and is responsible for relationship management and the delivery of investment solutions to IMPACT’s institutional clients. Prior to joining IMPACT, Melissa was the head of BlackRock’s insurance business for the West Coast, where she was responsible for developing and maintaining relationships with insurance and other taxable clients. Before that, Melissa was an institutional wholesaler for BlackRock’s Retirement Insurance Group, where she supported variable annuity wholesalers and financial professionals among BlackRock’s insurance clients.

ANDREW ZIMMERMAN | Manager, Investments

Mr. Zimmerman joined IMPACT in 2014 as Manager, Investments. His responsibilities include managing the day-to-day operation of the IMPACT CIL program. This includes all aspects of the operation from loan underwriting to portfolio management. Prior to joining IMPACT, Mr. Zimmerman worked for the Carlyle Group where he evaluated potential equity real estate investment opportunities across asset classes including Multifamily, Commercial, Industrial and Retail.

PAUL HWANG | Portfolio Manager

Paul joined IMPACT in 2018 as an Investment Analyst and was promoted to Portfolio Manager in 2019. Paul has responsibility for investment research and financial modeling for IMPACT’s investment programs and growth strategy. Paul brings expertise in financial markets, specializing in fixed income securities. Prior to joining IMPACT, Paul has worked as an analyst at The Vanguard Group, Zurich Financial Services, and most recently, AllianceBernstein, where he served as Assistant Vice President, managing and purchasing securities for municipal bond portfolios.