Small logo Subscribe to leading news on impact investing. Learn More
The Brief Originals Dealflow Signals The Impact Alpha Impact Voices Podcasts Agents of Impact Open
What's Next Measure Better Investing in Racial Equity Beyond Trade-offs Impact en las Americas New Revivalists
Local and Inclusive Climate Finance Catalytic Capital Capital on the Frontier Best Practices Geographies
Slack Conference Calls Events Contribute
The Archive ImpactSpace The Accelerator Selection Tool Network Map
About Us FAQ Calendar Pricing and Payment Policy Privacy Policy Terms of Service Agreement Contact Us
Locavesting Entrepreneurship Gender Smart Return on Inclusion Good Jobs Creative economy Opportunity Zones Investing in place Housing New Schooled Well Being People on the Move Faith and investing Inclusive Fintech
Clean Energy Farmer Finance Soil Wealth Conservation Finance Financing Fish
Innovative Finance
Personal Finance Impact Management
Africa Asia Europe Latin America Middle East Oceania/Australia China Canada India United Kingdom United States
Subscribe
Features
Series
Themes
Community
Data
Subscribe Log In
More

Impact Community Capital recycles affordable housing financing with Freddie Mac swaps



ImpactAlpha, May 15 — The San Francisco-based low-income housing lender is piloting a new structure to free capital to finance additional affordable units.

Impact Community Capital swapped 77 loans, totaling more than $140 million, for “participation certificates,” or PCs, guaranteed by Freddie Mac, a U.S. government-owned corporation that packages mortgages into securities. Impact plans to sell the “multi PCs” to impact and other investors.

We think this is the product that can be the entry point for new institutions that have heard about impact investing, but have had trouble getting in” and want higher credit quality, Impact Community Capital’s Michael Lohmeier told ImpactAlpha.

You might also like...