Community Housing Capital Announces $15 Million Impact Credit Facility with Calvert Impact Capital

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The facility expands Community Housing Capital’s relationship with Calvert Impact Capital and brings in new investors.

Community Housing Capital and Calvert Impact Capital announced today the closing of a $15 million credit facility that will supply flexible, unsecured debt for investment in affordable housing real estate transactions. Calvert Impact Capital structured the facility through its new syndication services.

This source of flexible capital can be deployed as a supplement to the secured lending that Community Housing Capital provides to the non-profit affordable housing developers in the NeighborWorks® network.

“One of our challenges is matching available capital with the complex financing needs of our borrowers,” said David Landis, Chief Operating Officer for Community Housing Capital. “This facility will augment our work with predevelopment, scattered-site single family, and other projects that are not exclusively backed by real estate collateral,” he said. “It’s a smart way to address the critical lack of funding for affordable housing across the country.”

Calvert Impact Capital is acting as the lead arranger for the facility, leveraging its track record to attract qualified investors to help Community Housing Capital execute its work more effectively. The loan syndication model is rare in impact investing, where organizations seeking capital are usually on their own in the search for investors—an expensive and time-consuming process for any non-profit organization.

“We have had a long-term, successful relationship with Community Housing Capital and this investment continues our support of its mission to create and preserve affordable housing,” said Lucas Pappas, Director of Investments for Calvert Impact Capital. “We are excited to bring new qualified investors into the impact investing space and connect them more directly with strong mission-driven organizations like Community Housing Capital.”

About Community Housing Capital

Community Housing Capital, a national Community Development Financial Institution intermediary, is a direct lender to the NeighborWorks® network. Incorporated in 2000, Community Housing Capital is certified as a community development financial institution and a community development entity by the U.S. Treasury’s CDFI Fund. Lending to members of the NeighborWorks network, Community Housing Capital provides both interim real estate development loans and permanent multifamily loans with favorable rates and terms. Loans are underwritten with the flexibility required to finance complex transactions with multiple layers of subsidies. In its first 17 years, Community Housing Capital has originated 433 loans totaling $639 million to 139 NeighborWorks organizations in 42 states plus the District of Columbia. This activity created or preserved over 17,915 units of affordable housing and facilitated $2.1 billion in total development. Community Housing Capital is headquartered in Decatur, Georgia. For more information, visit

For investor inquiries:
David Landis
(404) 835-5662

About Calvert Impact Capital

Calvert Impact Capital invests to create a more equitable and sustainable world. Through our products and services, we raise capital from individual and institutional investors to finance intermediaries and funds that are investing in communities left out of traditional capital markets. During our 22-year history, we have mobilized nearly $2 billion of investor capital. More at

For syndication inquiries:
Beth Bafford
800.248.0337, ext 6027

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David Landis
Community Housing Capital
+1 404-373-5662 Ext: 105
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Beth Bafford
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