Capital Impact Partners, a nonprofit Community Development Financial Institution based in Arlington, Va., is offering $125 million in fixed-income Capital Impact Investment Notes that enable retail and institutional investors to invest in projects to create social impact for underserved communities.
The investment minimum is $1,000. The notes, rated AA-, are available at fixed interest rates with maturities that range from one to 10 years through Incapital LLC, an underwriter and distributor of securities.
The notes are Capital Impact’s second offering, following the initial offering of up to $100 million of notes in October 2017.
Capital Impact will use proceeds from the issuance primarily to support projects focused in the health care, education, affordable housing, and community development sectors in underserved communities nationwide.