The video shows: A beautiful city. A family having fun in the park. A man fixing a building. A group of women laughing. An engineer analyzing her job.
We are an impact investing firm that manages capital across asset classes in ways that are responsive to community needs. We operationalize impact goals in line with the following core values. The needs are too great to not act with the urgency and intentionality bringing new solutions to recurring problems.
Community Impact
We invest in communities and populations that have historically been underinvested. We believe these communities and populations have underutilized assets that with the right capital solutions can realize untapped potential.
Vision Centric
We are intentional about engaging communities to understand their long-term vision and investing in a way that supports this vision.
Strategic Partnerships
We seek opportunities to combine tools from private, public, and nonprofit partners to yield results that would not be possible without such intentional collaboration.
Entrepreneur-focused
We activate entrepreneurial ecosystems by bringing transparency to resources and capital.
Diversity
As a female led firm with a diverse management team, we believe that diversity of perspectives leads to improved performance.
Positive Returns
Our goal is to drive positive social impact and attractive risk-adjusted financial returns.
Allivate Impact Capital is a subsidiary of Woodforest Financial Group. Our industry leading team has been recognized globally for its impact investing track record.
“We cannot solve our problems with the same level of thinking that created them.”
– Albert Einstein
Allivate Impact Capital utilizes the Opportunity Zone Impact Reporting Framework to operationalize the impact goals of our investments. The framework is designed around the following guiding principles:
We integrate the needs of local communities into the formation and implementation of funds, reaching low-income and underinvested communities with attention to diversity.
We seek to generate equitable community benefits, leverage other incentives and aim for responsible exits.
As investors, we strive to be transparent and hold ourselves accountable, with processes and practices that remain fair and clear.
We voluntarily monitor, measure and track progress against specific impact objectives, identifying key outcome measures and allowing for continuous improvement.
Our Opportunity Fund metrics track real change, with an understanding that both quantitative and qualitative measures are valuable indicators of progress.
Working with national and community partners and listening to residents in each unique community is key to our success. Join us to help elevate your neighborhood.
Join UsCASE STUDIES
The creation of 31 new units of permanent supportive housing and social services for people experiencing chronic homelessness.
Read MoreThe 4301 Vermont: SoLa Impact Crenshaw Corridor Affordable Housing Project in Los Angeles, California will address the current housing and homelessness crisis in the city of Los Angeles...
Read MoreAtrium Court in Seattle's Othello neighborhood will create 271 units of affordable workforce housing, 80 jobs, and ground-level retail space adjacent to a light rail station in the historic and diverse South Seattle neighborhood.
Read MoreThe Zero Energy North Avenue Mixed-Use project in Baltimore, MD, converted 7 abandoned rowhomes into 20 units of affordable housing and 4 retail storefronts in the predominantly Black Penn North neighborhood in West Baltimore...
Read MoreUniversity of North Carolina Pembroke (UNCP) Student Housing project in Pembroke, NC built 138 units/498 beds of student housing adjacent to UNCP, a Native American founded university focused on serving low-income students...
Read MoreThe Sharswood Ridge project is helping to revitalize the Sharswood neighborhood in Philadelphia by building approximately 234,000 square feet of affordable and workforce housing and retail development, including a grocery store, a bank branch, and an urgent care medical clinic, all of which the neighborhood desperately needs.
Read MoreWe are experienced industry leaders with a track record in financial services and impact investing.
We are experienced industry leaders with a track record in financial services and impact investing.
The Social Impact Advisory Board for AIC CEI-Boulos Capital Management is comprised of leading national experts on investing in low- and moderate-income communities and the emerging field of Opportunity Zone impact investing, measurement, and reporting.
Learn more about what's happening with our work, community partners and within the impact investing industry.
THE WOODLANDS, TEXAS, August 26, 2025 — Allivate Impact Capital®, a subsidiary of Woodforest Financial Group, Inc., today announced the firm launched the Allivate Employee Ownership Fund. The Fund aligns the power of employee ownership alongside measurable social impact including a focus on job quality and preservation; and wealth building among employees of the Fund’s portfolio companies. The Fund will provide capital for business owners who are looking to retire or reduce “day-to-day” involvement in their business and wish to leave their legacy in the hands of the management team and employees who will ensure its continued long-term growth and success. Noelle St.Clair Lentz, CEO and Managing Director, Allivate Impact Capital, shared, "Employee ownership is a powerful tool for stabilizing jobs in local economies and bridging our nation’s chronic wealth gap. It is a promising area for impact investment as employee-owned companies tend to outperform their competitors as employees shift to an ownership mindset. Allivate’s parent company is a long-established ESOP with 4,000+ participants, and we are uniquely aligned with business owners who may be considering the benefits of transitioning to an employee ownership structure." The Fund will provide subordinated debt capital to business owners considering a full or partial transition to an employee ownership structure as part of a business’ succession plan. The Fund is seeking long-established privately owned businesses with a strong position in regional or national markets that have over 40 employees. "Employee ownership is a proven triple-win strategy. It benefits the business owners, empowers employees, and sustains the local economy where those employees live and work. In my view, the single greatest barrier to wider adoption of employee ownership is simply a lack of awareness about the different models available. A close second is the limited access to capital to fund these transitions. Retiring business owners are frequently presented with all-cash offers from third-party buyers. Buyers who often have no real stake in the long-term well-being of the business or its employees. While employee ownership checks nearly every box for a thoughtful exit (legacy, culture, continuity, and impact), the absence of significant cash at closing often becomes the deciding factor. Having more funds like the Allivate Employee Ownership Fund is critical to expanding the number of worker owners in our country and I am excited to see the Allivate team join the small handful of funds dedicated to employee ownership transactions," said Steve Storkan, Executive Director, Employee Ownership Expansion Network (EOX). Alison Lingane, Founder, Ownership Capital Lab added, "It is an incredibly exciting time in employee ownership, as we are seeing increased interest among business owners and investors alike. This makes it a great time to see new funds coming to market—like the Allivate Employee Ownership Fund—which are designed to create impactful employee-owned businesses that root longstanding companies in their local economies and create paths to business ownership for the entire workforce." --- About Allivate Impact Capital Allivate Impact Capital is an impact investing firm with the goal of delivering attractive risk-adjusted returns from investments while creating measurable positive social impact. Our team uses innovative capital solutions to elevate communities, alleviate poverty, and activate entrepreneurial ecosystems. The company manages capital across asset classes in responsive ways to meet the needs of communities lacking access to funds needed to bring underutilized assets to their full potential. As a subsidiary of Woodforest Financial Group, Allivate Impact Capital leverages a global award-winning, and industry leading Community Development Team to achieve their goals. Learn more at https://allivate.com. Follow us on LinkedIn @Allivate Impact Capital. CONTACTNoelle St.Clair Lentz at noelle@allivate.com For media inquiries contact Perashina LaMotte, CCO, at perashina@allivate.com
Allivate Impact Capital
August 26, 2025
THE WOODLANDS, TEXAS, MAY 12, 2025 -- Allivate Impact Capital® recently held its annual investor meeting for the AIC CEI-Boulos Opportunity Fund alongside its Fund partners CEI-Boulos Capital Management. During the investor meeting the team reviewed the Fund’s 2024 Social Impact Report. The Fund invests in high impact commercial real estate projects in qualified Opportunity Zones (OZs). Targeted projects include those that create good jobs, affordable and workforce housing, environmentally sustainable focused real estate developments, and Main Street revitalization or historic preservation developments.
Allivate Impact Capital
May 12, 2025
LOS ANGELES (April 1, 2025) – The AIC CEI-Boulos Opportunity Fund, a joint venture between Allivate Impact Capital®, a subsidiary of Woodforest Financial Group, Inc., and CEI-Boulos Capital Management, announced an equity investment in SoLa Impact’s 43rd and Vermont Affordable Housing Project. The fund’s $12 million investment in the $63 million project, located in an Opportunity Zone at 43rd and Vermont Avenue in the Vermont Square neighborhood of Los Angeles, will create 188 new units of affordable housing for families and individuals serving families who have experienced homelessness. The project is transit-oriented and focused on environmental sustainability. The project also secured $35 million of construction financing from Acore Capital, facilitated by Walker Dunlop. The project is led and developed by SoLa Impact, one of the largest minority-owned and operated development firms in the US. Founded by Martin Muoto, SoLa Impact is dedicated to making a positive social impact by focusing on affordable housing, economic development, and educational access. SoLa Impact currently owns and manages a portfolio of approximately 2,500 units in Southern California and has a pipeline of another 2,000 units in development and construction. The project will increase the City's supply of critically needed affordable housing, aiding Los Angeles in its recovery efforts following the wildfires. Residents of the project will be provided supportive services by SoLa Impact’s nonprofit affiliate, the SoLa Foundation, and other nonprofit partners, including workforce development, job placement services, financial education, and other educational programs. The Vermont Square neighborhood, which is designated as a “High Housing Need Area” by the Department of Treasury’s CDFI Fund, is a historically Black neighborhood. The current demographics of the project census tract are 65.4% Hispanic, 19.8% Black, and 8.7% Native American. The poverty rate is 35.23%. The project will prioritize renting to neighborhood residents who have experienced homelessness, utilizing Section 8 vouchers to ensure residents pay no more than 30% of their income on rent. In addition, eighty percent of units will be restricted to those earning 80% of the area median income (AMI) or less under the U.S. Department of Housing and Urban Development (HUD) definition of AMI. The remaining units will be restricted to those earning 110% or less under the California Department of Housing and Community Development’s definition of AMI (which is about the equivalent of the HUD’s 80% AMI). These affordability covenants will be in place for a term of 55 years. The project will use prefabricated modular units built by Model/Z, a separate operating company founded by Gray Lusk and Martin Muoto from SoLa Impact and engineers formerly at SpaceX. Model/Z operates a modular construction factory that produces 2.5 standardized and proprietary modular units per day in the nearby Watts neighborhood of South Los Angeles. These units were designed by SoLa and Model/Z specifically for the US affordable housing market. This modular approach is expected to dramatically reduce the time to complete the project and result in 35% less material waste and embodied carbon emissions generated during construction. Model/Z employs over 150 factory workers recruited primarily from the Watts neighborhood, where employees make above the living wage in Los Angeles. New HUD Secretary Scott Turner recently visited the Model/Z Modular facility in Watts last week and remarked: “The thoughtfulness that has gone into Model/Z from the people that you hired, the expertise, and then the precision by which these are produced. I'm just amazed. And the speed to market because you understand the issue that we have in housing affordability. Thank you for being part of the solution.” Noelle St.Clair Lentz, CEO and Managing Director of Allivate Impact Capital®, said, “SoLa Impact’s 43rd and Vermont project will bring much needed affordable housing with wrap-around services for tenants, all while creating quality jobs through this innovative modular building approach. This project aligns with our mission of elevating communities and alleviating poverty.” “The need for affordable housing to address Los Angeles’s homelessness and housing crisis is more critical than ever before, and the innovative modular construction of the 43rd and Vermont Project will help bring new quality housing online in less time than traditional building methods,” said Sam Spencer, CEO and Managing Director of CEI-Boulos Capital Management. “The AIC CEI-Boulos Opportunity Fund is proud to be partnering with SoLa Impact, a truly community-focused development company that understands the needs of South Los Angeles, to support this innovative and impactful project.” SoLa CEO Martin Muoto added, “At SoLa Impact, we are committed to developing high-quality, affordable housing in underserved communities. By leveraging Model/Z modular units, we can do this faster, more cost-effectively, and much more sustainably. Our partnership with the AIC CEI-Boulos Opportunity Fund allows us to access mission-aligned equity to scale our innovative modular approach. This collaboration underscores the power of impact-driven investment in Opportunity Zones to create lasting change, ensuring that all Angelenos have access to dignified housing.” About Allivate Impact Capital®:Allivate Impact Capital is an impact investing firm with the goal of delivering attractive risk-adjusted returns from investments while creating measurable positive social impact. The company manages capital across asset classes in responsive ways to meet the needs of communities lacking access to funds needed to bring underutilized assets to their full potential. As a subsidiary of Woodforest Financial Group, Allivate Impact Capital leverages a global award-winning, and industry leading Community Development Team to achieve their goals. Learn more at https://allivate.com About CEI-Boulos Capital Management:CEI-Boulos Capital Management is a real estate investment fund management company focused on delivering both competitive financial returns and social impact. The company serves banks, family offices, and other institutional investors and has a national scope. Areas of the company’s specialization include Opportunity Zones and the Community Reinvestment Act (CRA). Learn more at www.ceiboulos.com About SoLa Impact:SoLa Impact is a family of social impact real estate funds with a double-bottom line strategy focused on preserving, refreshing, and creating high-quality, affordable housing in low-income communities. The company’s proven track record leverages data-driven social impact strategies to deliver superior financial returns. Learn more at https://solaimpact.com/ About Model/Z:Model/Z's mission is to address the crisis of affordable housing and homelessness in America. Designed and led by former SpaceX engineers and automotive executives, Model/Z uses AI and volumetric modular manufacturing to deliver affordable housing at significantly lower cost, reduced time, and minimal waste. Model/Z's flagship facility in the Watts community of Los Angeles has created hundreds of local living wage jobs as well as worker training and upskilling through the Model/Z Vocational School. Learn more at https://model-z.com/.
Allivate Impact Capital
March 27, 2025
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