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Our History

For over 25 years, IMPACT Community Capital has been creating innovative, institutional quality investments that drive positive change in underinvested communities.


IMPACT celebrates its 25th anniversary! In the quarter-century since its launch, IMPACT Community Capital has established a deep track record of institutional-scale impact investing – with investments in housing, healthcare, childcare, and job creation totaling more than $2.5B.


IMPACT successfully closes the IMPACT Mortgage Opportunities Fund, raising $210M from six large institutional investors. This fund provides high-quality, short-term bridge loans to developers and owners who want to preserve their properties’ affordability status.


IMPACT publishes its first impact report, “Building Opportunity,” detailing the impact of investments made over the course of the company’s history.


IMPACT participates in the issuance of Freddie Mac’s first social bonds through the securitization of IMPACT’s Freddie Mac participation certificates, marking an aggregate $1B in securitized transactions for IMPACT.


IMPACT launches its short-term mortgage loan strategy, which is dedicated to the preservation of existing affordable multifamily properties.


IMPACT participates in its first privately placed participation certificate swap with Freddie Mac, swapping $141M of mortgage loans for Freddie Mac-guaranteed participation certificates.


IMPACT completes the securitization of $106M in affordable housing mortgages and second issuance in the market under the Freddie Mac Q-Series program.


Partnering with Freddie Mac, IMPACT supports the first Q-Series issuance backed by $215M in affordable housing mortgages.


IMPACT investment team reaches an investing milestone: $1B of impact investments originated since inception.


IMPACT completes its third and largest securitization, backed by $302M in affordable housing mortgages.


IMPACT launches IMPACT Investment Adviser, an SEC Registered Investment Adviser.


IMPACT begins providing mezzanine debt financing to investments focused on job creation via its high-impact Private Equity Fund of Funds.


IMPACT launches a high-impact Private Equity Fund of Funds for commercial real estate in low- to moderate-income census tracts to support small businesses and promote job creation.


IMPACT launches a private debt fund to finance development of childcare and healthcare facilities supporting low-income families.


IMPACT creates an affordable multifamily housing financing fund, the Community Impact Loan (CIL) Fund, launched with $475M in committed capital.


IMPACT completes the securitization of $164M in affordable housing loans.


IMPACT completes its first securitization, backed by $40M in affordable multifamily housing mortgage loans.


IMPACT Community Capital was founded in San Francisco, CA by leading U.S. insurance companies who believe that private capital is required to solve issues like poverty, homelessness and inequality, and that institutional investors can help be a driving force against these issues.