Annaly Capital, Capital Impact Partners launch second social impact JV

Annaly Capital Management and Capital Impact Partners have launched a new joint venture with a $25 million commitment to support affordable housing and other community development projects in Washington, D.C.

The joint venture represents Annaly’s second impact investing partnership since 2017 with Capital Impact, a national mission-driven nonprofit community development financial institution.

As an innovative structure in the mortgage REIT sector, the joint venture provides direct financing for socially responsible projects in low-income communities while simultaneously enabling Capital Impact to further expand its efforts in key cities such as Washington, D.C. Annaly’s commitment will support Capital Impact’s management of the D.C. Affordable Housing Preservation Fund in partnership with the city’s Department of Housing and Community Development. The joint venture is closely aligned with Annaly’s focus on housing finance given Capital Impact’s work in pres