Dealflow | February 22, 2018

Calvert Impact Capital secures $10 million for Community Housing Capital

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Community Housing Capital is a Georgia-based lender for community development financial institutions working in affordable housing.

CHC is partnering with Calvert Impact Capital to raise a $15 million credit facility to support affordable housing.

Calvert has so far raised $10 million for the facility through its debt syndication business, which Calvert launched last year to rally impact capital for loan funds.

“The capital is unsecured and allows [CHC] to do more flexible lending for all the things that need to happen predevelopment,” like contracting architects and site planners, Calvert’s Beth Bafford tells ImpactAlpha.