IMPACT Community Capital Showcases Firm’s 25-Year History of Impact Investing in Third Annual Impact Report

New report reveals record-breaking investment volume and impact in 2022, resulting in the creation of new housing for more than 8,800 individuals in 17 states.

IMPACT Community Capital (“IMPACT”) today released a special 25^th Anniversary edition of its annual impact report, entitled “25 Years of IMPACT.” In the report, IMPACT – an investment manager with a track record of investing more than $2.4 billion for impact in affordable housing, childcare, and healthcare – highlights the firm’s history over the last quarter century and its future vision for investing in communities of opportunity. The report also details the firm’s record-breaking accomplishments in 2022.

The report’s publication comes at a time of continuing, urgent need among the lowest-income American renters. Since IMPACT was founded in 1998, it has financed 661 properties across 42 states to generate more than 53,000 units of affordable housing. The vast majority of those units are restricted to renters making less than 60% of their area’s median impact, and many IMPACT properties sit in counties with high percentages of cost-burdened and severely cost-burdened renters.

“We were investing for impact long before anyone called it ‘impact investing,’” said Jeff Brenner, President and CEO of IMPACT. “Over these 25 years, our impact mission has not wavered, even as we have innovated and evolved. We have demonstrated that institutional capital can play an important role in driving real-world impact.”

The 2023 Impact Report also reveals IMPACT’s record-setting accomplishments last year. In 2022, the firm invested its largest-ever dollar amount in American communities – more than doubling its previous record, set just the year before. Other major impact from last year includes:

• IMPACT’s 2022 investments totaled more than $152M and financed 3,447 new units of affordable housing in 17 states.
• Those new units created homes for 8,852 individuals – more than double the firm’s 2021 total of 3,863 individuals.
• IMPACT’s work generated more than $6.7M in rent savings for residents of the properties it financed during 2022 alone.
• 93% of new units financed by IMPACT in 2022 were reserved for renters making 60% or less than their area’s median income.

Even with IMPACT's 25-year track record of investment largely focused on affordable housing, the United States still faces an affordable housing crisis: Not a single state has an adequate supply of affordable rental housing for its lowest-income renters. So, the report also outlines IMPACT’s forward-looking focus on using its institutional-scale platform in new ways.

In its next phase of growth, IMPACT will complement its affordable housing financing with an investment focus on fostering holistic communities — that is, communities with the essential resources and services, such as access to healthcare, grocery stores, reliable transit, and sustainable environments, that allow their residents to prosper. With future commitments for 2024 and beyond already exceeding $750 million, the report describes how IMPACT unlocks value for investors while creating a more resilient future with increased affordable housing stock.

“As we look ahead to our next 25 years, the IMPACT team is thinking about how our deep experience and hard-won knowledge can be leveraged for greater impact,” said Brenner. “Our goal is to offer more institutional investors access to the same opportunities for scalable returns and impact that we gave our earliest investors. For IMPACT, this vision for our next 25 years is a natural extension of the 25 years that preceded it: building opportunities in every community in every part of our country. We have demonstrated what is possible, and we are ready to do far more.”

To view the full 2023 Impact Report, “25 Years of IMPACT,” download here. To learn more about the milestones that have made IMPACT a pioneering impact investing leader over the past quarter century, visit the firm’s special 25^th Anniversary webpage and explore its “Moments of IMPACT.”

About IMPACT

Founded in 1998 by leading insurance companies to generate institutional-quality, purpose-driven investments, IMPACT Community Capital is an investment manager in impact investing. One of the first managers to use mortgage-backed securitization to deliver capital in scale for affordable housing, the firm has now originated $2 billion investments to provide affordable housing, healthcare, childcare and economic opportunities. IMPACT delivers institutional investment solutions that unlock value for investors while advancing opportunity in underinvested communities through impact driven investments. For more information visit impactcapital.net or contact Director, Investor Relations and Capital Markets, Melissa Radic.

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