IMPACT Community Capital Releases Annual Impact Report, Showcasing Company Investments Promoting Equity, Inclusiveness and Thriving Communities

SAN FRANCISCO–(BUSINESS WIRE)–IMPACT Community Capital (“IMPACT”) today announced the release of its second impact report, “Beyond Housing: Building Equity, Inclusivity and Thriving Communities.” IMPACT is an investment manager with a 22-year history, producing over $2 billion in institutional-grade impact investments in affordable housing, child care and healthcare. The report details the company’s impact beyond providing access to safe and affordable housing, highlighting that housing is a critical component for greater equity and inclusion in communities across the country.

During this national housing affordability crisis, the overall savings in 2021 for residents of IMPACT-funded affordable housing has grown to $32.6 million – a total that reflects average monthly savings of $823 for a resident earning 30% of the median income of his region. The report highlights IMPACT’s investment footprint in communities with higher proportions of minority and “socially vulnerable” populations, where affordable housing offers tangible cost savings. These savings allow individuals and families to spend more of their monthly income on other essential areas, such as health, education and childcare.

“At IMPACT, we believe that investing in affordable housing is about more than providing shelter,” said Jeff Brenner, President and CEO of IMPACT. “If housing is well planned, it provides access to transport, jobs and necessary services. While affordable, residents have no choice between health care, childcare, and groceries. At its most basic, access to affordable housing can support family stability and more resilient communities.

In its review of IMPACT’s progress in investing to promote equity, inclusiveness and thriving communities, the report highlights key data points, including:

  • 90% of the 29,000 people living in IMPACT-funded properties earn 60% of the region’s median income or less.

  • 52% of renters are defined by federal standards as “cost burdened” or “extremely cost burdened” in counties where IMPACT properties are located.

  • Households of color are disproportionately more burdened with costs. IMPACT properties are located in diverse communities where more than 50% of Black and Hispanic populations are burdened with costs.

  • 69% of the counties in which IMPACT has invested are at moderate to high risk of “social vulnerability,” as measured by the CDC’s Social Vulnerability Index. These counties have a pronounced need for safe and affordable housing.

The new report also summarizes other 2021 corporate highlights, including the launch of a new strategy, the IMPACT Mortgage Opportunity Fund, a $210 million fund focused on preserving much-needed affordable housing. . Additionally, the report describes IMPACT’s partnership with Freddie Mac on the issuance of a social bond, backed by $100 million in affordable housing mortgages, which was significantly oversubscribed by investors.

As a company, IMPACT is committed to creating investments that aim to build sustainable and diverse communities. IMPACT’s track record of investing in affordable housing dates back to 1998, and the firm’s work has led to the development of institutional-grade investment strategies that seek to transform communities and provide access transport, jobs and necessary services in addition to affordable housing solutions. .

“IMPACT invests to create lasting change at the local level, and we’re proud of the impact our investments have had in communities across the country,” Brenner said. “For any institution that values ​​equity and inclusion, the starting point is a safe and affordable place to live.”

To view the full impact report, “Beyond Housing: Building Equity, Inclusiveness and Thriving Communities,” download here.

About IMPACT

Founded in 1998 by leading insurance companies to generate institutional-grade, goal-oriented investments, IMPACT Community Capital is a leading investment manager in impact investing. One of the first managers to invest in affordable housing at scale, the company has now launched investments of more than $2 billion to provide affordable housing, healthcare, child care and economic opportunity. IMPACT provides institutional investment solutions that unlock value for investors while creating opportunity in underinvested communities through impact investing.

For more information, visit impactcapital.net or contact Managing Director, Investor Relations and Capital Markets, Melissa Radic.

Disclaimer: This message is not a securities offering document. Nor is it an offer or agreement to provide consulting services directly to any recipient. The information presented is intended to describe certain opinions of the author and Impact Community Capital LLC. The information presented in this article may contain statements of opinion, forward-looking statements and is based on certain assumptions. These opinions, forward-looking statements and assumptions may be inaccurate, and there can be no assurance that the examples included herein will reflect actual investment results. Neither the author nor Impact Community Capital LLC intends or undertakes any obligation to update or revise these opinions, forward-looking statements and assumptions in light of developments that differ from those anticipated. Past performance may not be indicative of future results and there can be no guarantee as to the return or volatility of any particular impact investment or set of impact investments. All investments involve a risk of loss which investors must be willing and able to bear. Use of this document is subject to the terms and conditions set forth on the Impact Community Capital LLC website and can be viewed at https://impactcapital.net/terms.

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