VARIED INVESTMENTS. SHARED PRINCIPLES.
HOW ‘COMMUNITY’ HAPPENS
Through our Community Impact Loan (CIL) program, IMPACT has facilitated mortgage financing for 45,000 affordable housing residences—quality homes for working families, seniors and persons with special needs, whose incomes are typically a fraction of the Area Median Income.
CHILDCARE FOR MORE OF US
For America’s two-income households, quality childcare isn’t a luxury, it’s a necessity. IMPACT has invested $10 million in facilities that serve over 250 low-income and special needs children.
IMPROVING WORKING FAMILY LIVES
The National Low Income Housing Coalition estimates 35 affordable housing residences are available for every 100 households who can qualify to live in one. Reason enough why IMPACT continuously adds to the affordable housing residences it finances.**”The Economic Impact of Home Building in a Typical Local Area.” National Association of Home Builders, April, 2015.
GOOD JOBS, GOOD WORKS
According to the National Association of Home Builders, the one-year impact of creating 100 rental apartments in a community generates over $11 million in local income and 161 local jobs.**”The Gap: A Shortage of Affordable Homes.” National Low Income Housing Coalition, 2017 Edition. It’s another reason why every development IMPACT facilitates matters.
Rx FOR COMMUNITY HEALTH
IMPACT has provided approximately $30 million in financing to ten healthcare facilities serving approximately 350,000 low-income patients annually.
JUMPSTARTING THE ECONOMIC ENGINE
In 2011, IMPACT deposited $11 million into 19 California certified CDFI banks and credit unions with a five-year commitment to enable such CDFI banks and credit unions to provide loans and capital to local businesses in low- and moderate-income communities.