The New Market Tax Credit program has been a valuable tool for revitalizing disinvested communities, but its funding, set to expire in 2025, creates uncertainty for those investing in communities. Learn more from Bloomberg Taxes' article on the benefits of making this program permanent to provide stability for those who benefit from it: https://bit.ly/3U5IFaF #TaxCredits #CommunityDevelopment #EconomicRevitalization
Momentus Capital
Financial Services
Building inclusive and equitable communities by providing people access to the capital and opportunities they deserve.
About us
Momentus Capital is transforming how capital and investments flow into communities to provide people access to the capital and opportunities they deserve. We provide a continuum of financial, knowledge, and social capital that meets the needs of our partners and borrowers, and helps them grow their vision of success. Through direct lending, impact investments, training, and access to networks and mentorship, we support small business owners, developers, and other local leaders at every growth stage. Our branded family of organizations includes Capital Impact Partners and CDC Small Business Finance, as well as their affiliates, Momentus Direct Capital, Momentus Securities (a FINRA-member broker/dealer), and Ventures Lending Technologies. Our organizations leverage more than 80 years of combined experience to help entrepreneurs and community-based organizations deliver locally-led solutions that support vibrant local economies with good jobs and high-quality social services. Together, our organizations have delivered $24 billion in financing, created and preserved 293,000 jobs, and served 13,800 small businesses and five and a half million people. Our staff has decades of experience working in the lending, investing, technology, and construction fields. We unite that breadth of experience under Momentus Capital’s unified vision: to uplift all peoples' right to achieve the dreams they have for themselves and their communities. With headquarters in Arlington, Virginia, and San Diego, California, Momentus Capital operates nationally with a focus on larger urban areas and cities in Arizona, California, Georgia, Michigan, Nevada, New York, Texas, and the Washington, D.C. metro area.
- Website
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http://momentuscap.org
External link for Momentus Capital
- Industry
- Financial Services
- Company size
- 201-500 employees
- Type
- Nonprofit
Employees at Momentus Capital
Updates
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Capital Impact Partners has been financing charter schools for decades and has invested more than $1 billion in financing charter schools across the country, helping them build new locations and expand educational opportunities. Our mission is to deliver capital and opportunities to foster facilities and innovations that increase access to education. Let us help you accomplish your charter school goals through our tailored financing options. Discover more about our loan offerings designed to meet your specific needs: https://bit.ly/3XAqCvK #CDFIs #educationfinancing #chartereducation #schoolfinancing #charterschoolfinance
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Empowering communities through #coop development increases the number of food, housing, and worker co-ops that foster strong communities. Read how our 10th annual #CoopInnovationAward winners utilize the co-op model to innovate programs or strategies to offer workers an alternative to extractive systems. https://bit.ly/3MUvqWD
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We’ve reached a significant milestone! Capital Impact Partners has now issued more than a half billion dollars in Capital Impact Investment Notes. These Notes not only help fund our work in communities and our operations — they provide investors with a way to align both their financial goals and their personal principles. Learn more: https://lnkd.in/gUKkftXN
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We continue to celebrate #HispanicHeritageMonth by highlighting our CDC Small Business Finance, OYE Roofing Supply. Owner, Esmeralda Polanco, and her husband, Octavio, moved from Mexico to Fort Worth, TX and saw an opportunity to bring their dreams to life. With the help of the Tarrant Small Business Development Center and an SBA Community Advantage loan, Esmeralda and Octavio were able to officially open their doors in May and contribute to the local economy. Read more of their story here: https://lnkd.in/gbk-at69
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Capital Impact Partners will be attending the upcoming Southern California Association of NonProfit Housing (SCANPH) conference Oct 9-10. Visit table 15 and chat with our lenders Theresa Nantor and Eric M. Relos. We are here to provide access to capital to strengthen your communities. Join us!: https://bit.ly/3XQKMAf #communityinvestment #affordablehousing
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Great news! S&P Global Ratings has reaffirmed Capital Impact Partners' issuer credit rating (ICR) and Capital Impact Partners’ Investment Notes rating of A+ with a stable outlook. You can read the report and learn more about the Investment Notes here: https://bit.ly/3XEOk8A
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By receiving support from the Growing Diverse Housing Developers program, participant Diarra McKinney has been able to expand his business, Rosewood Strategies, and introduce essential community services such as healthcare facilities and food kitchens that were previously unavailable in his area. Learn more about his impactful journey of enhancing his community through the #GrowingDiverseHousingDevelopers program: https://bit.ly/3XHRsAV Program partners: Capital Impact Partners, Low Income Investment Fund, Reinvestment Fund Program funder: Wells Fargo
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Capital Impact Partners is grateful to have received $6.8 million - the second-highest award allocation in Financial Assistance (FA) awards - from Community Development Financial Institutions Fund (CDFI Fund). This is the largest grant we have received from the CDFI Fund, which will help us broaden our work and impact. These grants will enable Capital Impact Partners to expand its efforts to deploy existing lending products in the Atlanta Metropolitan area, and expand support for healthy food businesses and supportive housing in its core geographies. Learn more here: https://bit.ly/3ZHXVhM
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Equities.com recently highlighted Momentus Securities’ separately managed account (SMA) impact investing initiative with RBC Global Asset Management. This initiative will provide impact-driven investors with direct access to diversified pools of government-guaranteed small business loans in disinvested communities originating from mission-driven lenders. Learn more here: https://lnkd.in/eQNEtdns
Platform will make small-business loans more widely available in underserved U.S. communities - Impact Investing
equities.com