Enter your email address here to receive announcements about our Technical Assistance and Training opportunities, as well as news about Impact Capital.
OUR COMMUNITY IMPACT
Impact Capital helps transform distressed communities and neighborhoods into healthy ones - good places to live, work, do business and raise families.
Investing in communities - Impact Capital provides early bridge financing for strategic real estate investments. We take the riskiest part of the financing package, thereby attracting other investors to the table.
Since 1994, Impact Capital has:
- Invested more than $92 million in Washington state
- Leveraged more than $2.1 billion in development, bringing $22 to Washington communities for every $1 invested by Impact Capital
This investment translates to the following results:
- 17,263 affordable ownership and rental housing units
- 13 childcare facilities
- 11 community centers
- 2 job training facilities
- 4 arts and cultural facilities
- 534,000 square feet of retail and industrial space
Transforming distressed communities into healthy ones - Impact Capital partners with communities long term to change their economic trajectory from declining or stagnant to vibrant.
- By providing safe, decent affordable housing to people for whom it is out of reach
- By promoting vibrant business districts
- By increasing family income and wealth
- By making neighborhoods safer, more livable, and healthier
- By strengthening civic institutions and local leadership
Sustaining benefits - Impact Capital works behind the scenes to stabilize and strengthen the community development field, and steward our investment in communities.
Highlights 2001-2008:
- Infused nearly $1.3 million for direct operating support and targeted technical assistance into nonprofit community development organizations to promote effectiveness and productivity
- Provided $84,000 in training scholarships for community development leaders
- Preserved 724 units of threatened housing through our portfolio stabilization service
Impact Capital Green Development
Washington State is the one of the leading states in LEED certified developments, Impact Capital has taken on the same responsibility of not only helping non-profit developers and organizations to build affordable housing but pushing for higher green standards. Proudly, Impact Capital provided funding for the first LEED certified housing unit in the United States, Trauggot Terrace and since then has been helping to build many more. Click here to read more and see pictures about Green Development projects. (PDF)
Tacoma and Pierce County
Impact Capital’s work in Tacoma and Pierce County has helped to provide Senior Housing, housing for people with HIV and AIDS, and help with the overall growth of affordable housing. So far, Impact Capital has funded 53 projects in Tacoma and Pierce County, for a total of $12,272,974. This initial funding has helped leverage a total of $234,231,952. That’s more than $19 for each dollar invested by Impact Capital. Click here to read more and see pictures about projects in Tacoma and Pierce County. (PDF)
Walla Walla and Lower Yakima
Impact Capital is a state-wide organization supporting projects in 94% of all counties in Washington State. In Walla Walla, Impact Capital partnered with Walla Walla Housing Authority to build affordable senior housing. While in Yakima, Impact Capital working with the Diocese of Yakima Housing Services, helped to fund a low-income housing community. Overall, Impact Capital has provided a total of $639,621 in Southeastern Washington, leveraging a total of $ 22,527,218, that’s more than $35 for each dollar invested by Impact Capital.
Click here to read more about projects in Walla Walla and Yakima.
YWCA of Pierce County
Impact Capital helped to provide funding to the YWCA of Pierce County to allow them to purchase a new site location that will allow women feeling violent and abusive situations private apartments. The original location of the YWCA of Pierce County only allowed each woman a room about 97 square feet to live with up to three children. The new location allows women, their children, and pets, to live in private apartments with kitchens, bathrooms, and multiple bedrooms. Without Impact Capital funding, YWCA of Pierce County would not have been able to make this decisive move. Click here to see pictures and learn more about the story of YCWA in Pierce County.
Learn about how Impact Capital's community building and lending programs help build and sustain vibrant neighborhoods in underserved communities throughout Washington.
Hear from Washington nonprofit organizations about the role Impact Capital plays in helping them build affordable housing, arts and cultural centers, domestic violence shelters, and more.
2008-2010 Strategic Priorities
Expanding investment in real estate in underserved communities, especially investment in affordable housing serving people across the income spectrum.
Preserving Washington's existing stock of affordable housing through an expanded Portfolio Stabilization Program.
Launching new Neighborhood Revitalization sites for comprehensive community development work.
Increasing awareness and stimulating dialogue among community leaders to promote investment in community development.