Tangible Results


Impact Community Capital (IMPACT) was established by leading insurance companies to build a replicable and scalable model for high impact investing. IMPACT’s $1.7 billion of investments and commitments benefit low and moderate income communities, specifically targeting the development of affordable multifamily housing, healthcare, childcare and community facilities, and growing small businesses critical to healthy, vibrant, and strong communities. Equally important, these investments meet insurance industry requirements for safety and soundness.

IMPACT’s primary investors include Allstate, Farmers Insurance Exchange, Nationwide, Pacific Life, Safeco (Liberty Mutual Group), State Farm, TIAA-CREF, and 21st Century (Farmers Insurance).

Highlights of IMPACT’s $950 million of California investments:

  • 10,000 affordable housing units.
  • Childcare facilities serving more than 250 low income children.
  • Healthcare centers with 350,000 low income patients visits annually.
  • New community facilities, economic development, and small businesses that improve the lives of low income persons and families.
  • COIN Tax Credit Program qualified deposits in 19 California certified CDFIs and credit unions.

Making Housing Affordable

Since 2003, IMPACT, through its Community Impact Loan program (CIL Program), has loaned or committed $750 million for permanent, long term mortgage financing for 10,000 new, affordable multifamily residences throughout California.

In addition this construction activity created 24,000 jobs. These housing units provide quality homes for working families, seniors, and persons with special needs, with annual incomes of less than 60% of the area median income.

Seasons at Compton, located in Compton, is a multifamily project that was financed with a permanent, long term mortgage from the CIL Program in tandem with other private sector sources and the public sector. This development consists of 84 one and two bedroom units, which are restricted to seniors, and 32 of these units are designated for developmentally disabled seniors and senior caregivers. This project earned a LEED platinum designation, the highest ‘green building’ award level.

Investing in Critical Services

Childcare Facilities

For low income parents seeking to participate in the workforce, access to affordable, quality childcare can be both difficult to find and a definite job impediment. IMPACT has provided approximately $10 million to finance seven full service childcare facilities in California. These facilities serve about 250 low income and special needs children each year.

A loan from IMPACT to the St. HOPE Academy, Sacramento, provided it funds to renovate and redesign its Triumph Center for Early Childhood Education enabling it to accommodate up to 104 additional children, including 24 children with special needs.

Healthcare Facilities

Access to quality healthcare is a critical need especially for the state’s low income, underinsured and uninsured persons who otherwise resort to seeking care from overburdened hospital emergency rooms. Community healthcare facilities are an effective solution. IMPACT began investing in these facilities in 2005; since then, it has provided approximately $30 million in financing to ten healthcare facilities that serve approximately 350,000 low income patients annually.

IMPACT’s loan to San Benito Health Foundation (SBHF), located in rural Hollister, provided SBHF with low-cost funds for ongoing operational and capital needs. SBHF was established in 1975 to provide migrant workers and other disenfranchised persons in San Benito County access to healthcare services. The SBHF facility provides a full spectrum of services including primary care, pre-natal care, pediatric, geriatric, women’s care and dental services. The facility serves all of San Benito County (approximately 1,400 square miles) and accommodates approximately 32,000 patient encounters annually.

COIN Qualified Tax Credit Investments

In 2011 IMPACT, through its two California certified CDFIs, deposited $11 million into 19 California certifies CDFI banks and credit unions. These deposits are committed for a five year period, and will enable banks and credit unions to provide loans and capital to local businesses in the low and moderate income communities they serve.

With its innovative approach, IMPACT facilitates insurance company participation, in scale, in safe, sound and effective community investments.