Impact Capital Programs
As a community development financial institution (CDFI), Impact Capital works within the community in a variety of ways. We act as a catalyst for investment, offering access to capital for nonprofit organizations, tribal entities and housing authorities to create and preserve affordable housing, art and cultural centers and community facilities.
We also work with community partners to improve local neighborhoods - both through local place-based initiatives in Spokane and White Center; our commercial corridors project Only in Seattle, a joint initiative with the City of Seattle; and through our Equitable Transit Communities project with Growing Transit Communities, where we provide the platforms and capacity building for historically underrepresented groups in transit corridors throughout King, Pierce and Snohomish counties.
Recent Successes and Current Challenges
In 2011, Impact Capital:
- Provided over $11 million in loans which leveraged over $212 million in total development costs. These loans financed the building of 984 units of affordable housing and 130,291 square feet of community space in 9 counties across Washington State.
- Granted $330,928 to community organizations to build capacity and commercial corridor revitalization
- Worked with the Only in Seattle program in 11 neighborhoods, attracting 54 new businesses, conducting 32 clean-up –activities, and making 22 streetscape improvements.
We need general operating support to continue expanding and improving our programming.