December
2025
“These investments reflect our continued focus on identifying institutional-quality affordable housing opportunities that deliver both financial and social impact,” said Michael Lohmeier, President and CIO of IMPACT Community Capital. Among IMPACT’s notable Q3 transactions, the firm provided financing for Oleander Commons in Houston, Texas, Raymond E. Shepard House in Ferndale, Michigan, and Whittier Community in Minneapolis, Minnesota.
Oleander Commons is a 65-unit property for seniors aged 62 and above, located in Houston, Texas. Originally constructed in 2002, the property is undergoing acquisition and rehabilitation and will include a range of supportive services such as a monthly food pantry, annual health fair, and on-site social activities. Amenities include a community room, fitness center, laundry room, lounge, and library. The property is sponsored by National Church Residences, and IMPACT provided a $2.15 million taxable loan commitment, originated by Wells Fargo.
Raymond E. Shepard House is a newly constructed 53-unit community located in Ferndale, Michigan. The project is designed to support families from low- and moderate-income backgrounds impacted by local housing pressures. Sponsored by Full Circle Communities, the property provides on-site social services through Community Housing Network (CHN), including employment and financial support, case management, and health and wellness programs. Amenities include a community space, fitness and computer rooms, bike storage, and electric vehicle charging stations. IMPACT financed the project with a $2.31 million taxable loan, originated by Bank of America.
Whittier Community is a recently completed 85-unit multifamily development in Minneapolis, Minnesota. The project involved both new construction and the rehabilitation of a historic 1903 school building. Sponsored by CommonBond Communities, the development serves families earning between 30% and 50% of Area Median Income, with eight units reserved for residents who have experienced homelessness. Amenities include a community room, computer lab, and a playground. IMPACT supported the development with a $6.13 million tax-exempt loan, originated by Wells Fargo.
With these Q3 transactions, IMPACT continues to expand its national footprint in affordable housing finance.
About IMPACT Community Capital
IMPACT Community Capital is a private debt and fixed income investment manager focused on affordable housing and community development. Founded in 1998 by leading insurance companies, IMPACT has originated more than $2.8 billion in affordable housing investments and helped finance over 60,000 affordable housing units. Its strategies provide institutional investors with opportunities to align capital with measurable impact at scale.
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impactcapital@gregoryfca.com
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