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Allivate Impact Capital
Building innovative capital solutions to elevate communities.

The video shows different success cases from family project to professional projects.

Our Values

Making investments that count.

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

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

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

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

Entrepreneur-focused

We activate entrepreneurial ecosystems by bringing transparency to resources and capital.

Diversity

Diversity

As a female led firm with a diverse management team, we believe that diversity of perspectives leads to improved performance.

Positive Returns

Positive Returns

Our goal is to drive positive social impact and attractive risk-adjusted financial returns.

About Us

Allivate Impact Capital is a subsidiary of Woodforest Financial Group. Our industry leading team has been recognized globally for its impact investing track record.

Allivate's Team
Daniel Galindo in a conference
IA 50 2024 Emerging Impact Manager
IA 50

Allivate Impact Capital® has been selected as an Emerging Impact Manager (EIM) for the ImpactAssets 50™ 2024 (IA 50).

IA 50 2024 Emerging Impact Manager
BAI

Recipient of the 2020 BAI Global Innovation Award in Societal & Community Impact Innovation category.

Office of the Comptroller of the Currency

Highlighted by OCC for industry-leading Opportunity Zone investment strategy.

“We cannot solve our problems with the same level of thinking that created them.”

– Albert Einstein

Impact

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:

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Noelle's Impact'

Community Engagement

We integrate the needs of local communities into the formation and implementation of funds, reaching low-income and underinvested communities with attention to diversity.

Equity

We seek to generate equitable community benefits, leverage other incentives and aim for responsible exits.

Transparency

As investors, we strive to be transparent and hold ourselves accountable, with processes and practices that remain fair and clear.

Measurement

We voluntarily monitor, measure and track progress against specific impact objectives, identifying key outcome measures and allowing for continuous improvement.

Outcomes

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 Us

CASE STUDIES

Investment Highlights

A‑R‑T & Associates Employee Ownership Transition (Atlanta, GA)

A‑R‑T & Associates (A‑R‑T) is a national, full‑service experiential design firm specializing in environmental graphics, interior signage, custom art installations, large‑format printing, custom fabrication, and turnkey project delivery from design through installation.

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SoLa Impact Crenshaw Corridor Affordable Housing Project

The 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...

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Bread of Life Permanent Supportive Housing Project (Knowles-Rowland House)

The creation of 31 new units of permanent supportive housing and social services for people experiencing chronic homelessness.

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Atrium Court Affordable and Workforce Housing Project

Atrium 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.

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Zero Energy North Avenue Mixed-Use

The 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...

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Sharswood Ridge

The 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.

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UNCP Student Housing

University 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...

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Our Team Our Advisors Social Impact Advisory Board

We 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.

News & Stories

Learn more about what's happening with our work, community partners and within the impact investing industry.

The Parker Apartments Lake Cliff Dallas Texas

The Parker Opens Bringing 127 New Units of Affordable and Workforce Housing to the Lake Cliff Neighborhood in North Oak Cliff

DALLAS - October 15, 2026 - A ribbon-cutting celebration attended by community leaders, development partners, and Dallas City Council Member Chad West was held today for The Parker at 800 Comal Street in the Lake Cliff neighborhood. This milestone marks the completion of the largest component of the broader 263-unit Lake Cliff Affordable and Workforce Housing Project, a long-anticipated transit-oriented, sustainability-focused initiative in North Oak Cliff, just south of downtown Dallas.The Parker was developed by Savoy Equity Partners with an investment from the AIC CEI-Boulos Opportunity Fund, a joint venture between Allivate Impact Capital® and CEI-Boulos Capital Management. The project represents a step forward in addressing Dallas's housing affordability crisis while advancing equitable, transit-oriented development. Savoy General Contractors, Savoy's construction affiliate, served as general contractor, and Savoy Residential manages the property. The Parker sits in a census tract designated as a Qualified Opportunity Zone in 2018 and nominated by Governor Abbott on September 4, 2026, for redesignation under the new permanent Opportunity Zone program.Through a public-private partnership with the Dallas Public Facility Corporation (PFC), 51% of the newly constructed units will be formally rent restricted to be affordable for a period of 75 years. Of these units, 41% will be restricted at or below 80% of AMI, while 10% will be restricted at or below 60% of AMI.This transit-oriented development is located within a five- to fifteen-minute walk of multiple public transit options managed by Dallas Area Rapid Transit, including the Dallas Streetcar that connects with Downtown Dallas.The investment responds to significant neighborhood need. Lake Cliff has lagged surrounding neighborhoods economically and has faced challenges including dilapidated housing stock, high vacancy, and negligent ownership. The census tract in which the project properties are located has been classified as both “severely distressed” and a “high housing need area” by the U.S. Department of the Treasury's Community Development Financial Institutions Fund.The Parker is the largest of three properties comprising the 263-unit Lake Cliff Affordable and Workforce Housing Project, which also includes the 2023 renovation of 61 units of naturally occurring affordable housing at Swope & Mangold, located at 211 E Davis Street, and the ground-up construction of 75 units at The Bowie at 405 N Ewing Avenue, which opened in 2025.In addition, the AIC CEI-Boulos Opportunity Fund supported Savoy's ground-up construction of The Marcus, a 76-unit mixed-income development located at 2020 S Ervay Street in the Cedars neighborhood, which opened in March 2026. Together, these four Fund-supported Savoy projects represent a combined 339 units of housing across the Lake Cliff and Cedars neighborhoods.“I'm supportive of Savoy's work to bring PFC projects like this one to Lake Cliff,” said Dallas City Council Member Chad West. “These projects bring new Class A homes, including much needed affordable units, while improving the infrastructure and quality of life for all nearby North Oak Cliff residents.”“CEI-Boulos Capital Management is dedicated to working with local communities to revitalize neighborhoods that have been overlooked or underinvested by supporting impactful developments like The Parker,” said Sam Spencer, CEO and Managing Director of CEI-Boulos Capital Management. “We are proud to celebrate this milestone with Savoy Equity Partners, Allivate Impact Capital, and the Lake Cliff community as The Parker opens and provides long-term, transit-oriented affordable and workforce housing in North Oak Cliff.”“The Parker illustrates the transformative potential of Opportunity Zone investment when capital is intentionally directed toward community needs,” said Noelle St.Clair Lentz, CEO of Allivate Impact Capital. “At Allivate, we are committed to using innovative capital solutions to elevate communities and expand economic opportunity. This investment demonstrates how patient, long-term capital can support high-quality housing, strengthen neighborhoods, and create lasting value for residents and investors alike.”“This part of the neighborhood was a very challenging place to invest when we started. But everything was already here: the streetcar, Bishop Arts, the park, downtown. We were just the hole in the donut, and we needed to fill in the hole,” said Barrett Linburg, Co-CEO of Savoy Equity Partners. “Buying the worst buildings first and fixing them made it possible to build on the vacant land, and every new building we finish here makes everything around it more vibrant. The Parker is 127 of those units, the biggest thing we've built in the neighborhood, and it doesn't exist without patient capital from CEI-Boulos and Allivate that was willing to underwrite a ten-year hold on a block most investors wouldn't have driven down.”“The Parker is the reason we built a ground-up construction division inside Savoy General Contractors. When the original contractor could not continue, our team took over the job with the lender and the Dallas PFC both signing off on the new contract, and carried it through to 127 finished units,” said Seth Bame, Co-CEO of Savoy Companies. “Nobody outside the company would have done that for us. Owning the developer, the builder and the property manager means there is no one to hand a problem to. You just fix it.”About CEI-Boulos Capital ManagementCEI-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.comAbout Allivate Impact Capital®Allivate Impact Capital® is an impact investing firm with a mission of using innovative capital solutions to elevate communities, alleviate poverty, and activate entrepreneurial ecosystems. As a subsidiary of Woodforest Financial Group, Allivate leverages an award-winning Community Development Team to deliver attractive risk-adjusted returns from investments while delivering measurable positive social impact. Learn more at allivate.com and follow us on LinkedIn®.About Savoy Equity PartnersSavoy Equity Partners is a Dallas-based real estate investment and development firm specializing in multifamily properties. With a focus on revitalizing neighborhoods and integrating complex tax structures, including Opportunity Zone benefits, the firm has a proven track record in transforming and managing apartment buildings with efficiency and strategic foresight. Its unique vertical integration with both affiliated property and construction management firms ensures full-cycle control from design to stabilization. Learn more at https://savoyequity.com/.

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Allivate Impact Capital

October 15, 2026

Noelle with a group of people

Knowles-Rowland House Opens with Investment from AIC CEI-Boulos Opportunity Fund

HOUSTON - (OCT. 14, 2026) — The AIC CEI-Boulos Opportunity Fund, a joint venture between CEI-Boulos Capital Management and Allivate Impact Capital®, celebrated the opening of Knowles-Rowland House yesterday with project developer Bread of Life, Inc., community leaders, and other partners and supporters. Located at 2019 Crawford Street in Midtown Houston, the adaptive reuse development, in which the fund made a majority equity investment, delivers 31 units of permanent supportive housing for Houston's most vulnerable residents.The October 13 ribbon-cutting celebration brought together community leaders, elected officials, funding partners, and supporters, including Tina Knowles, Kelly Rowland, and Beyoncé Knowles-Carter, who made a surprise appearance. Houston Mayor John Whitmire, U.S. Congressman Christian Menefee, and Harris County Commissioner Rodney Ellis also attended.The Knowles-Rowland House will help address chronic homelessness in Houston by expanding access to stable, service-enriched housing in a highly accessible urban neighborhood. The project demonstrates how impact-focused investment can help bring transformative housing solutions to market while generating meaningful social outcomes.The three-story, 18,900-square-foot building transforms the former Knowles-Rowland Center for Youth into permanent supportive housing with 31 residential units.All rents at Knowles-Rowland House are 100% subsidized through HUD's Project-Based Voucher program administered by Housing Alliance HTX (formerly the Houston Housing Authority). Temenos Community Development Corporation, Bread of Life, Inc.'s sister organization, will deliver comprehensive social services to residents including case management, mental health counseling, substance abuse treatment, life skills training, and nutrition assistance.Located in Houston's walkable Midtown neighborhood near the METRO light rail system, the property offers residents convenient access to employment, education, health care, and other essential community resources.The original structure was built in 1999 by Bread of Life, Inc. with support from Tina Knowles, Beyoncé Knowles Carter, Kelly Rowland and Mathew Knowles. Before a fire in March 2021, the center served as a youth summer camp, senior community center, and overnight shelter for people experiencing homelessness. The redeveloped property continues that mission by providing safe, stable housing and supportive services for vulnerable Houstonians.Permanent supportive housing has been a key component of Houston's nationally recognized approach to addressing homelessness. Residents can remain housed for as long as needed, with ongoing supportive services that help them maintain housing stability. Research shows that most residents of permanent supportive housing remain stably housed rather than returning to homelessness.“Knowles-Rowland House demonstrates how mission-focused investment capital can help address some of our communities' most pressing challenges,” said Sam Spencer, CEO and Managing Director of CEI-Boulos Capital Management. “By combining permanent supportive housing with comprehensive social services, this project will provide stability and dignity for people who have experienced chronic homelessness. We are proud to partner with Bread of Life, Temenos CDC, and Allivate Impact Capital to help bring this remarkable project to life.”Noelle St.Clair Lentz, CEO, Allivate Impact Capital, added: “This project shows what can happen when mission-driven organizations and purpose-driven capital come together around a shared vision. Knowles-Rowland House represents more than a housing development. It is a foundation for stability, a source of hope, and an opportunity for individuals to rebuild their lives with dignity and support. At Allivate, we are proud to invest in solutions that elevate communities, alleviate poverty, and create lasting pathways to opportunity.”Partners of the development include:AIC CEI-Boulos Opportunity Fund, a joint venture between CEI-Boulos Capital Management and Allivate Impact CapitalAmerican Rescue Plan Act (ARPA) funds from the Harris County Housing Finance CorporationB1 BankRice Management CompanyFederal Home Loan Bank of Dallas via Home Bank“For nearly 35 years, Bread of Life, Inc. has focused on making life better for Houstonians living on the edge,” said Pastor Rudy Rasmus, who founded the organization with his wife and fellow Pastor Juanita Rasmus. “The opening of Knowles-Rowland House is the culmination of years of hard work and welcome participation by so many people who ensured this project came to fruition. We could not have done this without our key funding partners, including CEI-Boulos and Allivate Impact Capital.”Tina Knowles told attendees, “I have these beautiful young women who have hearts and empathy, and they give and they work and do things to give back to the community. I have this place to thank for that because God always gives you what you need at the time you need it and I needed a place to teach that. I'm so full because this is full circle. Juanita and Rudy are the biggest visionaries I've seen in my life. Nothing is too big of a vision for them. Look what they've done, and look what they've accomplished.”Beyoncé Knowles-Carter shared, “I have so many memories here, and I want to thank Juanita and Rudy because your prayers have held us up. This church was our foundation. I was baptized right here. I made the choice on my own to be baptized because I felt the spirit here, and I feel the spirit right now. And I'm so grateful for that foundation.”About Bread of Life, Inc.Bread of Life, Inc. is a Houston-based nonprofit organization founded by Pastors Juanita and Rudy Rasmus in 1992 helping underserved individuals and families across the Houston region. Through programs focused on health access, housing, and hunger relief, the organization helps vulnerable Houstonians achieve greater stability and self-sufficiency. Bread of Life also supports communities through disaster preparation, relief, and recovery. Learn more at www.breadoflifeinc.org and LinkedIn.About Temenos CDCTemenos Community Development Corporation was founded following the devastation and loss caused by Hurricane Katrina. Their mission is to provide affordable housing opportunities, supportive services, and employment resources to low- to extremely low-income persons on their journey to wholeness. www.temenoscdc.orgAbout CEI-Boulos Capital ManagementCEI-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 Allivate Impact Capital®Allivate Impact Capital is an impact investing firm with a mission of using innovative capital solutions to elevate communities, alleviate poverty, and activate entrepreneurial ecosystems. As a subsidiary of Woodforest Financial Group, Allivate leverages an award-winning Community Development Team to deliver attractive risk-adjusted returns from investments while delivering measurable positive social impact. Learn more at allivate.com and follow us on LinkedIn®.View the full livestream of the event published on the Bread of Life Inc. YouTube.Photo credits: Jaylon Gregory, Harris County Housing & Community Development and Ross Folkenroth, Allivate Impact Capital

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Allivate Impact Capital

October 14, 2026

Spotlight AIC Ellavoz Boardmembers

Allivate Impact Capital and Ellavoz Impact Capital Announce Social Impact Advisory Board for Opportunity Zone Joint Venture

NEWARK, N.J. — October 6, 2026 — Allivate Impact Capital® and Ellavoz Impact Capital today announced the formation of the Elevate Social Impact Advisory Board for their Opportunity Zone joint venture. Comprised of nationally recognized leaders in community development, impact investing, affordable housing, economic development and impact measurement, the board will provide independent review and guidance on proposed investments to help ensure the collaboration delivers meaningful and measurable benefits to underserved communities. The board's recommendations will help advance the joint venture's commitment to transparency, accountability and community-centered investment practices.The announcement builds on the firms' strategic collaboration, which combines Allivate's impact investing and capital structuring expertise with Ellavoz's real estate development and execution capabilities to identify and scale high-impact Opportunity Zone investments across the United States. Together, the organizations will support the creation of affordable workforce housing in Opportunity Zones throughout the country while providing investors with access to curated Opportunity Zone deal flow, integrated investment and development expertise, community-informed investment strategies and transparent impact measurement practices.The Elevate Social Impact Advisory Board will review proposed investments and provide recommendations regarding their potential community impact prior to consideration by the joint venture's investment committee. The board will evaluate opportunities using impact metrics aligned with the Community Reinvestment Act (CRA) and the Opportunity Zones Reporting Framework focusing on outcomes such as affordable and workforce housing, job creation, economic development, neighborhood revitalization, support for local developers and increased access to opportunity in low- and moderate-income communities.In addition to reviewing proposed investments, the board will help inform the joint venture's impact measurement and reporting practices, reinforcing a commitment to accountability and providing investors and stakeholders with transparent reporting on community outcomes."Creating positive community impact requires more than good intentions. It requires discipline, accountability and a thoughtful process for evaluating whether an investment will truly benefit the people and neighborhoods it is intended to serve," said Noelle St.Clair Lentz, CEO of Allivate Impact Capital. "As Allivate and Ellavoz work together to scale Opportunity Zone investments nationwide, we believe it is essential to have an independent group of respected leaders who can bring diverse perspectives, challenge assumptions and help ensure community outcomes remain central to every investment decision."Jeff Crum, CEO of Ellavoz Impact Capital added, “We are thrilled to bring together a group of individuals who have dedicated their careers to designing programs and deploying capital to communities and households that are frequently underserved. This group’s experience and guidance will ensure that our Opportunity Zone investments are committed to projects that deliver meaningful and impact results."SOCIAL IMPACT ADVISORY BOARD MEMBERSThe Elevate Social Impact Advisory Board reflects the joint venture's commitment to combining industry-leading expertise with transparent impact governance. The Board's collective expertise spans affordable housing, community development finance, Opportunity Zone policy, impact measurement, public-private partnerships and equitable economic development. Their guidance will help inform investment decisions that seek to generate both attractive returns and community outcomes. Members include:Khaliff Davis,Managing Director of Lending & Investing, Reinvestment FundDavis oversees the sourcing and execution of investment opportunities for structured funds and other impact-oriented investments and supports the deployment of more than $200 million annually. He also serves as Managing Director of Reinvestment Fund Impact Advisory, providing advisory and fund management services focused on community impact and equitable development.Catherine Lyons,Senior Director of Policy and Coalitions, Economic Innovation GroupLyons leads government affairs and policy initiatives focused on Opportunity Zones and other economic development policies. She has been deeply involved in Opportunity Zone implementation since the legislation's inception and leads EIG's national Opportunity Zone Coalition.Rachel Reilly,Senior Director, Pathways to Capital, Milken InstituteReilly leads efforts to expand equitable access to capital and advance sustainable economic development through public-private partnerships. She previously led impact strategy efforts at the Economic Innovation Group and impact investing initiatives at Enterprise Community Partners.Katie Rodriguez,Executive Vice President of Capital Markets, Housing Partnership NetworkRodriguez oversees capital markets strategy for Housing Partnership Network and its affiliated investment platforms. She brings extensive experience raising and deploying capital at scale to support affordable housing and community development initiatives nationwide.Aaron Seybert,Managing Director, Social Investment Practice, The Kresge FoundationSeybert leads social investment activities at The Kresge Foundation and brings decades of experience in community development finance, impact investing, New Markets Tax Credits and place-based economic development strategies.About Allivate Impact Capital®Allivate Impact Capital® is an impact investing firm with a mission of using innovative capital solutions to elevate communities, alleviate poverty, and activate entrepreneurial ecosystems. As a subsidiary of Woodforest Financial Group, Allivate leverages an award-winning Community Development Team to deliver attractive risk-adjusted returns from investments while delivering measurable positive social impact. Learn more at allivate.com and follow us on LinkedIn®.Ellavoz Impact CapitalEllavoz Impact Capital LLC, is a social impact investor, advisor, asset manager, and real estate developer focused on creating and preserving workforce and affordable housing and other community-oriented real estate properties. Ellavoz’s strategy concentrates investments into price-attainable housing and economic development projects by working with socially aligned operators, local nonprofits, and governmental agencies to deliver positive community outcomes and double bottom line returns. For more information about Ellavoz Impact Capital, visit our website at Ellavoz.com.Nothing contained herein should be deemed a prediction or projection of future performance of any funds managed by Allivate Impact Capital or Ellavoz Impact Capital, and any information regarding performance is presented solely to illustrate underwriting criteria and analysis. Past performance shall not be construed to be indicative of future performance result.Nothing herein constitutes an offer to sell or a solicitation of an offer to buy interests in any investment, fund or other vehicle sponsored by Allivate Impact Capital, Ellavoz Impact Capital or any of their affiliates or partners. Any such offer or solicitation will only be made pursuant to confidential, definitive offering documents delivered to qualified investors and only in those jurisdictions where permitted by law.

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Allivate Impact Capital

October 06, 2026

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