NCB Capital Impact Receives Coveted $2 Million Social Innovation Fund Award for its Cornerstone Partnership Initiative
Sep 25th, 2013 in Press Releases
Two Year Award Enables Continuation of the Successful Cornerstone Homeownership Innovation Program
WASHINGTON, D.C. (September 25, 2013) — An innovative effort that builds capacity of local programs that affordable and sustainable homeownership a reality for millions of Americans received a vote of confidence with a two-year, $2 million continuation award from the Corporation for Community and National Service’s Social Innovation Fund (SIF).
The SIF award provides two additional years of funding for NCB Capital Impact’s (Capital Impact) Cornerstone Homeownership Innovation Program (CHIP), which provides grants to homeownership programs across the country that preserve long–term affordability and community stability. CHIP is administered by Capital Impact’s Cornerstone Partnership Initiative, a peer network supporting programs that help more hard–working people buy homes today, maintain those homes and keep them affordable in the future. By adopting common principles, sharing best practices, and providing tools and resources, the partnership aims to help governments and nonprofits stretch their dollars further to help more people realize the dream of homeownership.
Innovative Financing Strategy Benefitting Low-Income Communities Qualifies NCB Capital Impact as Finalist for $8.25 Million Award
Jul 11th, 2013 in Press Releases
Community lender recognized for its innovative plan to bring needed funding to Detroit
WASHINGTON, DC (July 11, 2013)—NCB Capital Impact was selected as one of three finalists for the NEXT Opportunity Award for its compelling plan to expand its financing for individuals and families in low and moderate income communities. NCB Capital Impact’s mission is to help people and communities reach their highest potential at every state of life. Since its inception, Capital Impact has deployed nearly $1.9 billion nationwide to economically disadvantaged communities, including more than $70 million in Detroit.
May 29th, 2013 in Press Releases
WASHINGTON, DC (May 29, 2013)– NCB Capital Impact is pleased to announce that Eli Kennedy has joined its board of directors. Mr. Kennedy is president and CEO of Pacific Charter Schools Development (PCSD), a position he has held since 2010 and has served on the PCSD board since 2008. “Eli Kennedy will add a unique perspective to our board of directors,” said Terry Simonette, President and CEO of NCB Capital Impact. “I have great admiration for his deep understanding of the current challenges facing charter schools and nonprofit organizations.”
Apr 24th, 2013 in Press Releases
WASHINGTON, DC (April 24, 2013) —The U.S. Department of the Treasury’s CDFI Fund announced today that NCB Capital Impact was awarded $40 million in New Markets Tax Credit (NMTC) allocation. Capital Impact was one of 85 organizations to receive a combined $3.5 billion in allocation nationally. This is Capital Impact’s 6th award, increasing Capital Impact’s total allocation to $449 million.
Mar 27th, 2013 in Press Releases
Washington, DC (March 27, 2013) – NCB Capital Impact has been awarded a $1.91 million grant from the Ford Foundation to support the continued growth of its affordable housing initiative, the Cornerstone Partnership, which helps local homeownership programs preserve long-term affordability.
Jan 31st, 2013 in Press Releases
Washington, DC (January 31, 2013) -NCB Capital Impact (Capital Impact) announced today that it had again received the highest rating from the CDFI Assessment and Rating Service (CARS™) for 2012. For the fourth straight year, Capital Impact received an AAA +1 rating. The AAA is the highest mark for the organization’s social impact, and the numerical part of the rating, which ranges from a high of 1 to a low of 5, measures financial strength and performance of the institution.
Village to Village Network Awards $55,950 to Village to Create Sustainable Models to Support Aging in Community
Jan 17th, 2013 in Press Releases
Village to Village Network and MetLife Foundation Help Village Movement Focus on Sustainability
Dec 12th, 2012 in Press Releases
New Full-Service Grocery Store in Pismo Beach, California Opens with Financing by California FreshWorks Fund, LLC
Sep 6th, 2012 in Press Releases
California FreshWorks Fund Helps Another California Community Get Healthier
Aug 9th, 2012 in Press Releases
ARLINGTON, VA (August 9, 2012)— NCB Capital Impact today announced that Mr. Ellis Carr has been named its new Chief Financial Officer. In this role, Mr. Carr will be responsible for formulating and executing Capital Impact’s financial road map, capital base expansion, and investor relations. He will also be providing overall direction for accounting, tax, insurance, budget and treasury functions for Capital Impact, a non-profit community development financial institution.