aerial site map of Estelle

Affordable Housing Loan for DESC

posted in: Affordable Housing, Loans
New loan helps Downtown Emergency Service Center (DESC) develop affordable housing in Rainier Beach

On September 15 Impact Capital was proud to close a loan with the Downtown Emergency Service Center (DESC) for their Estelle Supportive Housing Development in Southeast Seattle’s Rainier Beach neighborhood.

The Estelle development will be a 91-unit studio / single resident occupancy (SRO) apartment building, including ground floor offices and space for support services. These units will provide permanent housing for homeless men and women living with disabilities, and there is the possibility a healthcare clinic will be incorporated into the site as well.

We are grateful for the opportunity to contribute early capital to help secure the Estelle Supportive Housing Development. DESC executive director Daniel Malone tells us, “Impact Capital pulled out all the stops to help us complete an expedited closing for our Estelle project. Despite our very tight timeline as well as last-minute complications, their responsiveness allowed us to close on the property on time.”

To discuss a loan for your project, please contact Seth Benziger by email or phone (206) 658-2605.

Celebrating 2015 CDFI Fund Awardees

posted in: Awards, Impact Capital

The 2015 CDFI Program Awards were announced in early September, and we want to take a moment to highlight the Washington awardees and some of our Oregon partners, and to send sincere congratulations from Impact Capital to one and all.

 

CASA of Oregon

Community LendingWorks

Craft3

HomeSight

Impact Capital

Lummi CDFI

Northwest Native Development Fund

Office of Rural and Farmworker Housing

Peninsula Credit Union

Taala Fund

 

Want to know more about community development financial institutions (CDFIs)? Visit the Opportunity Finance Network to learn how CDFIs help communities improve their quality of life.

 

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Our Website Redesigned

posted in: Impact Capital, Inside News

We are very pleased to announce our new and improved Impact Capital website, now online here. We redesigned the look and feel of our site to make it easier for both nonprofits and investors to learn about Impact Capital services, resources, and success stories.

Take a peek and tell us what you think so far – we’re always looking for feedback to make our site as helpful and user-friendly as possible. Watch for more content in these first weeks of October as we grow into our new space.

Oh, and a special shout-out to the fine people over at Noise w/o Sound, a local design firm whose team is guiding us through this process with patience and good humor.

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