San Francisco – March 07, 2025 – IMPACT Community Capital “IMPACT”, a leading investment manager with a 25-year track record in affordable housing debt, announced today that Andrew Zimmerman has been promoted to Managing Director, Investments. In his new role, Zimmerman will oversee the firm’s investment strategy, deal sourcing, and execution, further positioning IMPACT as a premier platform for investors seeking competitive, risk-adjusted returns in the affordable housing credit sector.
Zimmerman joined IMPACT in 2014 and has been a driving force behind several of the firm’s most complex and successful initiatives. He’s played a key role in developing innovative vehicles that align with investor needs, including IMPACT’s collaboration with Freddie Mac on the first Q-Series issuance, bringing the liquidity of agency financing to a wider range of affordable multifamily lenders and properties. His leadership has been especially critical in further scaling the firm’s loan investment platform and expanding its reach to 42 states and the District of Columbia.
“Andrew has brought crucial expertise and creativity to the platform,” said Michael Lohmeier, President and CIO of IMPACT Community Capital. “His leadership has been essential to our growth and ability to scale differentiated opportunities in underinvested communities across the country while delivering value to investors. I’m excited to see him take on this expanded role.”
A seasoned investment professional, Zimmerman has more than 15 years of experience in the financial industry. Before joining IMPACT, he worked for Metropolitan Real Estate Equity Management, where he evaluated equity real estate and fund investment opportunities. Zimmerman also previously worked for Piper Jaffray in the public finance group where he structured municipal bonds for a variety of issuers across the Western US. His work in public finance and real estate roles shaped his appreciation for both financial innovation and social impact.
“Affordable housing debt offers a compelling combination of stable income, derived from properties with strong supply and demand characteristics, scalability, and proven access to liquidity through the capital markets, which benefits investors,” said Zimmerman. “I’m excited to lead the execution of our business, ensuring that IMPACT continues to deliver well-structured opportunities that optimize value while maintaining disciplined credit underwriting.”
Under Zimmerman’s leadership, IMPACT aims to further enhance portfolio management, expand lending strategies, and strengthen its market position.
About IMPACT Community Capital
IMPACT Community Capital (“IMPACT”) is an insurance-company owned affordable housing debt investment manager with over 25 years of sector-specific experience. IMPACT’s investment focus spans securitized debt, senior permanent mortgages, bridge loans, and construction financing. IMPACT has originated over $2.8 billion of affordable housing investments and, together with its partners, has helped preserve or create more than 60,000 affordable housing units while delivering stable risk-adjusted returns. For more information about IMPACT, please visit impactcapital.net.