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Global Settings Logo

Who We Are

AboutOur TeamOur BoardFinancials and ReportsContact Us

What We Do

Product & ServicesOur Impact

News & Resources

We finance community development to meet the needs of and strengthen communities

How to Add Impact Investing to Client Portfolios Through CDFI Loans (Morningstar)
How to Add Impact Investing to Client Portfolios Through CDFI Loans (Morningstar) Financial Advisors
Success Story: Remington Row
Success Story: Remington Row Impact Management, Borrower Spotlight

Blog Get to know our portfolio partners: Volunteers of America National Services

Get to know our portfolio partners: Volunteers of America National Services

Volunteers of America National Services (VOANS) is a faith-based nonprofit organization that provides services to disadvantaged communities, including housing assistance, healthcare, and housing.

12/11/2025

Blog Get to know our portfolio partners: Affordable Homes & Communities

Get to know our portfolio partners: Affordable Homes & Communities

Affordable Homes & Communities (AHC) is a nonprofit developer that creates and preserves affordable and mixed-income housing in Maryland, Virginia, and Washington, D.C.

12/03/2025

Reports Our 2025 Community Investment Note® Impact Report, “Resilient Communities, Lasting Impact”

Our 2025 Community Investment Note® Impact Report, “Resilient Communities, Lasting Impact”

The 2025 Community Investment Note® impact report, “Resilient Communities, Lasting Impact”, explores how resilience is essential to building a more inclusive and sustainable financial system.

11/03/2025

Success Stories Success Story: Community Reinvestment Fund, USA

Success Story: Community Reinvestment Fund, USA

Calvert Impact made its first loan to CRF, a community development financial institution based in Minneapolis, in 1997 and continued the lending relationship for nearly 30 years.

09/25/2025 | By Annette Vogel

Reports Q2 2025 Report

Q2 2025 Report

Download the Q2 2025 Community Investment Note® Report.

08/15/2025 | By Justin Conway

Reports Q1 2025 Report

Q1 2025 Report

Download the Q1 2025 Community Investment Note® Report.

05/15/2025 | By Justin Conway

Blog Three Portfolio Partners Supporting Small Businesses

Three Portfolio Partners Supporting Small Businesses

In honor of U.S. National Small Business Week 2025, we’re highlighting a few of the Community Investment Note® portfolio partners helping small businesses thrive in different regions of the U.S.

05/07/2025

Blog Small Businesses, Big Impact: Our Commitment to the Engines of Economic Growth

Small Businesses, Big Impact: Our Commitment to the Engines of Economic Growth

Small businesses are the lifeblood of economies and a vital conduit for reaching communities. Our commitment to supporting small and medium-sized enterprises has been unwavering since our founding.

05/05/2025 | By Maya Burney

Reports Q4 2024 Report

Q4 2024 Report

Download the Q4 2024 Community Investment Note® Report.

02/14/2025 | By Justin Conway

Blog 2024 Year in Review

2024 Year in Review

A look back at Calvert Impact's work in 2024.

12/20/2024 | By Jennifer Pryce

Success Stories Success Story: Aeon

Success Story: Aeon

Aeon is an affordable housing developer and manager that operates primarily in the Twin Cities of Minnesota.

12/06/2024 | By Annette Vogel

Reports Our 2024 Community Investment Note® Impact Report, "Taking Action for Communities & Climate"

Our 2024 Community Investment Note® Impact Report, "Taking Action for Communities & Climate"

Calvert Impact's 2024 impact report, including new impact data, stories, and photos from their Community Investment Note portfolio.

10/23/2024

Blog Borrower Spotlight: LIIF and the Importance of Keeping Homes Affordable

Borrower Spotlight: LIIF and the Importance of Keeping Homes Affordable

Calvert Impact and the Low Income Investment Fund (LIIF) have worked together for over 20 years. Most recently, we’ve continued to support LIIF through the Keeping Homes Affordable facility.

04/23/2024 | By Annette Vogel

Blog 2023 Year in Review

2023 Year in Review

After sharing our 2023-2025 Strategic Plan in January, Calvert Impact executed on its strategy to bring new products to market to increase connectivity between the capital markets and communities.

12/21/2023 | By Jennifer Pryce

Videos The Future of the Small Business Finance Industry Webinar

The Future of the Small Business Finance Industry Webinar

The Future of the Small Business Finance Industry Calvert Impact’s new report, Small Business Community Finance: Scaling with Integrity

12/19/2023

In the News Mission Driven Bank Fund's first close tops $100 million

Mission Driven Bank Fund's first close tops $100 million

The Fund, anchored by leading investors committed to building better communities, will support banks addressing the racial wealth and income gap

11/27/2023

In the News Calvert Impact releases 2023 Impact Report: 'Demonstrate, Educate, Transform'

Calvert Impact releases 2023 Impact Report: 'Demonstrate, Educate, Transform'

Report shows cumulative impact of Community Investment Note® and new products

11/07/2023

Reports Our 2023 Impact Report, "Demonstrate, Educate, Transform"

Our 2023 Impact Report, "Demonstrate, Educate, Transform"

Our 2023 Impact Report features the impact we and our portfolio partners have had on markets, the environment, and communities around the world throughout 2022 and 2023.

11/06/2023 | By Caitlin Rosser

In the News Calvert Impact closes initial offering of Cut Carbon Note

Calvert Impact closes initial offering of Cut Carbon Note

The green bond drives decarbonization of buildings and expands the number of investors contributing to the clean energy transition.

10/18/2023

In the News Climate United Submits Bid to Manage Part of EPA’s $14 billion National Clean Investment Fund

Climate United Submits Bid to Manage Part of EPA’s $14 billion National Clean Investment Fund

Climate United today announced the submission of its proposal to the U.S. Environmental Protection Agency’s National Clean Investment Fund award competition, part of the Greenhouse Gas Reduction Fund.

10/12/2023

Videos A Theory of Change for the Small Business Finance Sector

A Theory of Change for the Small Business Finance Sector

Calvert Impact, Ascendus, and NDC share the co-created Theory of Change for the Small Business finance sector and how they have tested and implemented this theory of change in their own work.

09/12/2023

Reports Small Business Community Finance: Scaling with Integrity

Small Business Community Finance: Scaling with Integrity

Comprehensive report that highlights our shared work through the Recovery Funds that lent to small businesses throughout the pandemic, our lessons learned, and our call to action for the future.

06/20/2023

Videos Learning from the Southern Opportunity and Resilience (SOAR) Fund - Webinar Recording

Learning from the Southern Opportunity and Resilience (SOAR) Fund - Webinar Recording

60 Decibels, Calvert Impact, Community Reinvestment Fund, USA, and LISC share insights from new research on the small business recovery programs launched in response to the pandemic.

06/07/2023

Blog Calvert Impact’s commitment to small businesses

Calvert Impact’s commitment to small businesses

A history of Calvert Impact's support for small business lending and how our strategy has evolved over time

02/14/2023

Success Stories Success Story: Community Housing Capital

Success Story: Community Housing Capital

Community Housing Capital (CHC) is a Community Development Financial Institution (CDFI) with a mission to finance the creation and preservation of affordable housing across the United States.

11/30/2022 | By Caitlin Rosser

Reports Our 2022 Impact Report, "Responding to the Need for Transformative Change"

Our 2022 Impact Report, "Responding to the Need for Transformative Change"

Our 2022 Impact Report features the impact we and our portfolio partners have had on markets, the environment, and communities around the world throughout 2021 and 2022.

11/03/2022 | By Caitlin Rosser

Success Stories Success Story: New Hampshire Community Loan Fund

Success Story: New Hampshire Community Loan Fund

In 1997, in our second year of lending operations, Calvert Impact made a $150,000 loan to New Hampshire Community Loan Fund, a community lender that transforms New Hampshire communities.

10/26/2022 | By Caitlin Rosser

Blog  What does Community-Based Solar Look Like?

What does Community-Based Solar Look Like?

How does the clean power, financial savings, and job creation provided by solar energy benefit our under-served communities? Impact Analyst Annette Vogel visits our partner Sunwealth to find out.

10/25/2022 | By Annette Vogel

Blog US SIF FORUM 2022: Engaging with industry partners on the evolving impact investing landscape

US SIF FORUM 2022: Engaging with industry partners on the evolving impact investing landscape

The USSIF conference featured impact investors like Calvert Impact Capital as well as asset managers, institutional asset owners, data providers, financial advisors, and other practitioners.

06/22/2022 | By Anna Mabrey

Success Stories Success Story: Remington Row

Success Story: Remington Row

Impact investors were critical to Seawall’s growth, helping them build their track record, and create positive outcomes for the Remington Row community in Baltimore, MD.

06/21/2022 | By Caitlin Rosser

Videos 2021 Impact Report Webinar

2021 Impact Report Webinar

Calvert Impact Capital's Investor Relations and Impact Management staff hosted a webinar to review highlights from our 2021 Impact Report

03/03/2022 | By Caitlin Rosser

Reports Our 2021 Impact Report, "Making Markets Work for People and Planet"

Our 2021 Impact Report, "Making Markets Work for People and Planet"

Our 2021 Impact Report features the impact we and our borrowers have had on the environment and communities around the world throughout 2020 and 2021.

11/18/2021 | By Caitlin Rosser

In the News Getting Money off the Sidelines: A Starting List to Invest for Racial Equity

Getting Money off the Sidelines: A Starting List to Invest for Racial Equity

As more investors seek to direct capital toward racial equity, here’s a starter list to help.

11/08/2021

Blog Washington State Small Business Flex Fund Launch

Washington State Small Business Flex Fund Launch

Calvert Impact Capital is proud to announce the Small Business Flex Fund, aimed at helping Washington state small businesses recover and grow as communities across the state reopen for business.

07/19/2021

Blog Borrower Spotlight: Community Reinvestment Fund (CRF)

Borrower Spotlight: Community Reinvestment Fund (CRF)

When the PPP loan was announced by Congress, many businesses found themselves shut out of the process due to a lack of information and access to the program through traditional financial institutions

07/06/2021 | By Caitlin Rosser

Blog "Scaling Community Finance to Fill a Growing Market Gap," In Stanford Social Innovation Review

"Scaling Community Finance to Fill a Growing Market Gap," In Stanford Social Innovation Review

During the pandemic, Community Development Financial Institutions (CDFIs) stepped up to deliver desperately needed relief to hard-to-reach small business owners

06/23/2021

In the News Individuals Represent ‘Untapped Potential’ for Community Investment (Barron's)

Individuals Represent ‘Untapped Potential’ for Community Investment (Barron's)

The combined health, economic, and social justice crises triggered by the coronavirus pandemic created a surge of awareness in the U.S. around the need to invest in underserved communities.

06/03/2021

Videos Bay Area Impact: Investing in Small Business With the California Rebuilding Fund

Bay Area Impact: Investing in Small Business With the California Rebuilding Fund

Bay Area Impact: Investing in Small Business with the California Rebuilding Fund featured Bay Area Council Economic Institute Senior Director Sean Randolph speaking with Laura Tyson

05/27/2021

Success Stories Success Story: BlueHub Capital

Success Story: BlueHub Capital

In August 1998, Calvert Impact Capital made a $25,000 loan to the BlueHub Loan Fund (then “Boston Community Loan Fund”), managed by BlueHub Capital.

04/06/2021 | By Caitlin Rosser

Blog Southern Opportunity and Resilience (SOAR) Fund Announcement

Southern Opportunity and Resilience (SOAR) Fund Announcement

Calvert Impact Capital is excited to join a network of national and local community lenders to announce the Southern Opportunity and Resilience (SOAR) Fund

03/03/2021

In the News Impact Investing Through Community Development Financial Institutions (Forbes)

Impact Investing Through Community Development Financial Institutions (Forbes)

Many people still don’t know what CDFIs are or how to use them. An overview of CDFIs and some useful resources for how you can use them to align your desire for social justice with your investing.

01/31/2021

In the News How to Add Impact Investing to Client Portfolios Through CDFI Loans (Morningstar)

How to Add Impact Investing to Client Portfolios Through CDFI Loans (Morningstar)

There are many more ways to incorporate environmental, social, and governance investing into client portfolios than just mutual funds, and one of them has been around for decades.

01/13/2021

Blog 2020 in Review

2020 in Review

The global pandemic, resulting economic shocks, stark displays of systemic racism and injustice, and near-daily evidence of rapidly changing climate made it clear our current systems are failing us

12/18/2020 | By Leigh Moran

Blog California Rebuilding Fund Launch

California Rebuilding Fund Launch

We are excited to join Gov. Gavin Newsom and other members of the California Small Enterprise (CASE) Task Force to launch the California Rebuilding Fund

11/20/2020

In the News Here’s what you need to know about impact investing, where returns are not the only reward (CNBC)

Here’s what you need to know about impact investing, where returns are not the only reward (CNBC)

Impact investments generate specific, positive and measurable environmental, social and/or good governance outcomes, oftentimes with market-rate financial returns.

11/18/2020

Reports 2020 Impact Report

2020 Impact Report

Our 2020 Impact Report commemorates our 25th anniversary and features the impact we and our borrowers have had on the environment and communities around the world throughout 2019 and 2020.

10/01/2020 | By Caitlin Rosser

Reports 2020 Investor Survey Results

2020 Investor Survey Results

Every two years, we conduct an investor survey to better understand the motivations of our investor base, the challenges they face in investing for impact, and how we can serve them better

09/15/2020 | By Caitlin Rosser

Blog New York Forward Loan Fund Helps Businesses Keep Their Doors Open

New York Forward Loan Fund Helps Businesses Keep Their Doors Open

The NY Forward Loan Fund (NYFLF) has lent more than $3.1 million to support 77 businesses and residential landlords across NY state with COVID-19 related costs and expenses as of today

08/05/2020

Blog Portfolio Partners' Statements on Racial Justice and Equity

Portfolio Partners' Statements on Racial Justice and Equity

Since the death of George Floyd at the hands of the Minneapolis police, many organizations and individuals across the globe have raised their voices

06/17/2020 | By Leigh Pomerantz

Blog NY Forward Loan Fund Launch

NY Forward Loan Fund Launch

Calvert Impact Capital is proud to serve as lead arranger for the NY Forward Loan Fund (NYFLF)

05/22/2020

Blog Community-Centered COVID-19 Recovery Program

Community-Centered COVID-19 Recovery Program

The economic impact of COVID-19 has been unprecedented and is crushing community-based organizations

04/28/2020

Blog Support for Affordable Housing Communities: COVID-19 Resources from our Portfolio Partners

Support for Affordable Housing Communities: COVID-19 Resources from our Portfolio Partners

As communities are hit by the COVID-19 pandemic, it has highlighted the essential role that housing plays in protecting health and well-being

04/21/2020 | By Leigh Pomerantz

Blog Support for Businesses & Communities: Covid-19 Resources from our Portfolio Partners

Support for Businesses & Communities: Covid-19 Resources from our Portfolio Partners

As the economic impact from COVID-19 unfolds, small businesses —those that underpin the economic, social, and cultural fabric of the United States— are facing extreme challenges

03/27/2020 | By Leigh Pomerantz

Blog 2019 in Review

2019 in Review

2019 was another exciting and productive year for Calvert Impact Capital

01/08/2020 | By Leigh Moran

Reports 2019 Impact Report

2019 Impact Report

In our 2019 Impact Report, we provide even more data on our investor, portfolio, and community impact through updated data, graphics, and case studies.

10/01/2019 | By Caitlin Rosser

Videos Investing in Economic Empowerment through Chicanos Por La Causa

Investing in Economic Empowerment through Chicanos Por La Causa

Calvert Impact Capital Sr. Investment Officer Nicholas Silbergeld discusses our investment in Chicanos Por La Causa (CPLC)

03/15/2019 | By Nicholas Silbergeld

Blog Chicanos Por La Causa - Empowering Communities Across The Southwest

Chicanos Por La Causa - Empowering Communities Across The Southwest

We recently closed a loan to Chicanos Por La Causa (CPLC), a community development corporation that serves individuals and families with low to moderate income in the southwestern U.S.

03/13/2019 | By Nicholas Silbergeld

2018 Impact Report

2018 Impact Report

Our 2018 Impact Report, featuring impact data across our investor, portfolio, and community impact.

10/01/2018

Blog Dear Impact Investors: Consider Affordable Housing

Dear Impact Investors: Consider Affordable Housing

Affordable housing was my introduction to impact investing

04/24/2018 | By Catherine Godschalk

Blog Our biggest stories from 2017

Our biggest stories from 2017

2017 was busy. A lot happened around here. If you haven't kept an eye on our monthly email updates, here's what you need to know.

12/27/2017 | By Andrew Parrucci

Blog Benefit Chicago Announces Its First Loans

Benefit Chicago Announces Its First Loans

Benefit Chicago is a collaboration between MacArthur Foundation, Chicago Community Trust, and Calvert Foundation to mobilize $100 million for impact investments and social enterprises

05/16/2017

Blog Affordable Housing on the Gulf Coast

Affordable Housing on the Gulf Coast

Calvert Foundation is pleased to announce our closure of a loan to Gulf Coast Housing Partnership (GCHP) that will finance the construction of affordable housing throughout the Gulf Coast region

02/10/2017

Blog Latinos as Financial Agents of Change

Latinos as Financial Agents of Change

Last year on the main stage at SOCAP15 I announced the launch of Raíces

09/23/2016

Blog Press Release: $100 Million Impact Investment Collaboration to Benefit Chicago

Press Release: $100 Million Impact Investment Collaboration to Benefit Chicago

The Chicago Community Trust, MacArthur and Calvert Foundation announce Benefit Chicago

04/25/2016

Blog Increasing Access to Healthy Foods in West Philly

Increasing Access to Healthy Foods in West Philly

Through our Age Strong initiative in partnership with AARP Foundation, Capital Impact Partners recently completed a $3.6 million loan to Brown's Parkside

02/01/2016

Blog Ours To Own Turns One

Ours To Own Turns One

This month, we’re celebrating the one year birthday of the Ours To Own campaign

06/08/2015 | By Patrick Davis

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Phone: 800-248-0337
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Calvert Impact Capital, Inc., a 501(c)(3) nonprofit and a subsidiary of Calvert Impact, Inc., offers the Community Investment Note. Calvert Impact Climate, Inc., a 501(c)(3) nonprofit and a subsidiary of Calvert Impact, Inc., offers the Cut Carbon Note. The Community Investment Note and Cut Carbon Note are subject to certain risks, are not mutual funds, are not FDIC or SIPC insured, and should not be confused with any Calvert Research and Management-sponsored investment product. The Community Investment Notes and the Cut Carbon Notes are debt securities subject to the terms, conditions and risks described in the current prospectus, prospectus supplement(s) and pricing supplements, as applicable, including risk of possible loss of the amount invested. Payment is dependent on the issuer’s financial condition at the time payment is due. Any decision to invest in these securities through this Site should only be made after reading the applicable prospectus, prospectus supplement(s) and pricing supplement or by calling 800-248-0337.

This is not an offer to sell you our securities and we are not soliciting you to buy our securities. The offering is made solely by the Prospectus. We will offer and sell our securities only in states where authorized.

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