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IMPACT CAPITAL: Mission Investment Intermediary

IMPACT CAPITAL: Mission Investment Intermediary. Jon Clarke Senior Program Officer, Lending. Impact Capital Fact Sheet

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IMPACT CAPITAL: Mission Investment Intermediary

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  1. IMPACT CAPITAL: Mission Investment Intermediary Jon Clarke Senior Program Officer, Lending

  2. Impact Capital Fact Sheet • Mission:to make strategic capital investments in nonprofit community development and affordable housing organizations in ways that enhance and sustain their ability to positively impact the quality of life in communities throughout Washington. • Predevelopment and early bridge financing • Technical assistance • Our holistic approach has created: • 17,263 affordable ownership and rental housing units; • 13 childcare facilities; • 11 community centers; • 2 job training facilities; • 4 arts and cultural facilities; and • 534,000 square feet of retail and industrial space. • Since 2001, we have: • Infused $1.3 million for direct operating support and targeted technical assistance for Washington nonprofits • Provided $84,000 in training scholarships for community development leaders; and • Preserved 724 units of threatened housing.

  3. Mission Investment Intermediary: Organization that collects capital from multiple sources and reinvests it into nonprofit enterprises, that deliver both social impact and financial returns } Financial Return Social Return Reporting

  4. Why foundations invest in Impact Capital • Enable funders to impact multiple organizations with one investment • Impact Capital supports over 100 housing organizations, Community Development Corporations, and tribal entities in Washington • Reducing Risk • Expertise in housing and community development • Ability to underwrite nonprofit organizations and community development projects • Due diligence • 100% loan repayment rate (CLF loan fund) • Reducing Transaction Costs • Economies of scale; outsource underwriting, monitoring, structuring

  5. Why foundations invest in Impact Capital • Leveraging Additional Funds • Internal funds (CDLF and CIF Loan Pools) • Outside funds; private and public resources • $22 for every $1 invested by Impact Capital • Consolidated reporting of financial and social performance • Streamlined reporting to investors • Ongoing monitoring of borrowers • Local Impact • Project • Group • Target geographical region • Certain type of borrower (Tribal, CDC, etc.)

  6. SAMPLE PRI STRUCTURE Foundation Y, Nonprofit X

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