Impact

Building on Success

ABOUT US

GROWING COMMUNITIES, IMPROVING LIVES
2019 IMPACT REPORT


CHARTER SCHOOLS

2 closings and 2 commitments

2,632 students served with
84% of whom are very low income

For the schools with closed loans,
22% of students have special needs and
> 11% are English language learners

For the closed loan to a high school,
77% of grads were accepted to college

$61.4 million total development cost
$47.4 million CDT amount

MULTIFAMILY

18 Debt commitments/closings
7 Equity Investments
2,822 family units, including
5 projects serving seniors/special needs

8,100 = estimate of people
housed in 16 states

PROPERTIES

21 have community facilities on site and
12 have social services on site
8 have Nonprofit partners
5 are in Difficult to Develop Areas
2 are in rural areas

INCOME LEVELS SERVED

Unit Affordability @
Area Median Income

68.8% of units under 60% AMI
85.5% of units under 80% AMI

WEIGHTED AVERAGE
TENANT RENT ADVANTAGE
TO MARKET 22.98%

PROXIMITY

41% of units are within 0.3 mile of
public transport

Average distance to a grocery store is
1 mile and to a school, 1.1 miles

56% of properties have green features
including LEED , EarthCraft, solar
panels and state certifications

 

TOTAL DEVELOPMENT COST: $488 million
CDT amount: $104 million

Neighborhood Median Incomes

Census tract with highest: $116,700
Census tract with lowest: $9,704